Form CT-1120GB Green Buildings Tax Credit - Connecticut

What Is Form CT-1120GB?

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-1120GB?
A: Form CT-1120GB is the Green Buildings Tax Credit form specific to Connecticut.

Q: What is the Green Buildings Tax Credit?
A: The Green Buildings Tax Credit is a tax credit program in Connecticut that encourages the construction or renovation of environmentally friendly buildings.

Q: Who is eligible for the Green Buildings Tax Credit?
A: Eligibility for the Green Buildings Tax Credit is limited to individuals, corporations, partnerships, and other entities that own or lease a qualifying green building in Connecticut.

Q: What are the requirements for a building to qualify for the tax credit?
A: To qualify for the Green Buildings Tax Credit, a building must meet certain energy efficiency and environmental standards set by the Connecticut Green Building Council.

Q: How much is the tax credit?
A: The amount of the tax credit varies depending on the level of energy efficiency and environmental performance achieved by the building, up to a maximum of $4 million per building.

Q: How do I claim the Green Buildings Tax Credit?
A: To claim the Green Buildings Tax Credit, you must complete and file Form CT-1120GB with the Connecticut Department of Revenue Services.

Q: Are there any deadlines for claiming the tax credit?
A: Yes, the deadline for filing Form CT-1120GB is the same as the deadline for filing your Connecticut corporate tax return, which is generally March 15th.

Q: Are there any other requirements or considerations?
A: Yes, there are additional requirements and considerations for claiming the Green Buildings Tax Credit, such as obtaining certification from the Connecticut Green Building Council and providing documentation to support the claimed credit amount.