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 Historic Structures Rehabilitation Tax Credit form 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 preservation and rehabilitation of historic buildings.

Q: Who is eligible to claim the tax credit?
A: Property owners who rehabilitate certified historic structures in Connecticut are eligible to claim the tax credit.

Q: What are the benefits of the tax credit?
A: The tax credit provides a financial incentive by allowing property owners to claim a credit on their Connecticut state tax liability.

Q: How can I claim the tax credit?
A: To claim the tax credit, property owners must complete Form CT-1120HS and submit it to the Connecticut Department of Revenue Services.

Q: Are there any deadlines for claiming the tax credit?
A: Yes, there are specific deadlines for submitting the tax credit application. It is recommended to consult the Connecticut Department of Revenue Services for the current deadlines.

Q: Are there any restrictions or limitations on the tax credit?
A: Yes, there are certain restrictions and limitations on the tax credit, such as the requirement to obtain certification for the historic structure and limitations on the amount of credit that can be claimed.