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This version of the form is not currently in use and is provided for reference only. Download this version of
Form CT-1120HS
for the current year.
Form CT-1120HS Historic Structures Rehabilitation Tax Credit - Connecticut
What Is Form CT-1120HS?
This is a legal form that was released by the Connecticut Department of Revenue Services - a government authority operating within Connecticut. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form CT-1120HS?
A: Form CT-1120HS is the form used to claim the Historic Structures Rehabilitation Tax Credit in Connecticut.
Q: What is the Historic Structures Rehabilitation Tax Credit?
A: The Historic Structures Rehabilitation Tax Credit is a tax incentive program that encourages the rehabilitation of historic buildings in Connecticut.
Q: Who is eligible for the Historic Structures Rehabilitation Tax Credit?
A: Property owners and developers who undertake qualified rehabilitation projects on eligible historic structures in Connecticut are eligible for the tax credit.
Q: What is considered an eligible historic structure?
A: An eligible historic structure is a building that is listed on the National Register of Historic Places, or is determined to be eligible for listing by the State Historic Preservation Office.
Q: How much is the tax credit?
A: The tax credit is equal to 30% of the qualified rehabilitation expenses, up to a maximum of $4.5 million per project.
Q: How do I claim the Historic Structures Rehabilitation Tax Credit?
A: You must complete Form CT-1120HS and attach it to your Connecticut corporate income tax return, Form CT-1120 or CT-1120CU.
Q: Are there any other requirements to claim the tax credit?
A: Yes, you must obtain a certification from the State Historic Preservation Office confirming that your rehabilitation project meets the requirements for the tax credit.
Q: Can the tax credit be transferred or sold?
A: Yes, the tax credit can be transferred or sold to another taxpayer, subject to certain conditions.
Q: Are there any deadlines to claim the tax credit?
A: Yes, the tax credit must be claimed within five years from the completion of the rehabilitation project.
Form Details:
- Released on December 1, 2020;
- The latest edition provided by the Connecticut Department of Revenue Services;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Form CT-1120HS by clicking the link below or browse more documents and templates provided by the Connecticut Department of Revenue Services.
Download Form CT-1120HS Historic Structures Rehabilitation Tax Credit - Connecticut
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