Form CT-1120HR Historic Rehabilitation Tax Credit - Connecticut

What Is Form CT-1120HR?

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-1120HR?
A: Form CT-1120HR is a tax form used in Connecticut to claim the Historic Rehabilitation Tax Credit.

Q: What is the Historic Rehabilitation Tax Credit?
A: The Historic Rehabilitation Tax Credit is a tax incentive program that encourages the rehabilitation of historic properties by providing a tax credit.

Q: Who is eligible to claim the Historic Rehabilitation Tax Credit in Connecticut?
A: Property owners or developers who have rehabilitated a certified historic structure in Connecticut may be eligible to claim the tax credit.

Q: How do I fill out Form CT-1120HR?
A: You need to provide information about the historic rehabilitation project, including the property information, project costs, and the amount of the tax credit being claimed.

Q: What is the deadline for filing Form CT-1120HR?
A: Form CT-1120HR must be filed by April 15th of the year following the year in which the rehabilitation project was completed.

Q: What documents do I need to attach to Form CT-1120HR?
A: You will need to attach supporting documents such as architectural plans, photographs, and receipts for project expenses.

Q: Is the Historic Rehabilitation Tax Credit refundable?
A: Yes, the Historic Rehabilitation Tax Credit is refundable, meaning that if the credit exceeds your tax liability, you may receive a refund for the remaining amount.