Connecticut Small Business Guaranty Fee Tax Credit

Form CT-1120 SBA is obsolete, and is no longer supported by the Connecticut Department of Revenue.

Small Business Guaranty Fee Tax Credit
CT-1120 SBA, 2013 Small Business Administration Guaranty Fee Tax CreditDepartment of Revenue Services
State of Connecticut
(Rev. 12/13)

Form CT-1120 SBA

Small Business Administration Guaranty Fee Tax Credit

2013

For Income Year Beginning:_ _______________________ , 2013 and Ending:_________________________ ,__________ .
Connecticut Tax Registration Number

Corporation name

Definition

Complete this form in blue or black ink only.

Small business means any business entity qualifying as
a small business under 13 CFR Part 121, which has gross
receipts of not more than $5 million for the income year in
which the credit is first allowed.

Use Form CT-1120 SBA to claim the credit allowed under
Conn. Gen. Stat. §12-217cc. Attach it to Form CT-1120K,
Business Tax Credit Summary.

Credit Computation

Additional Information

A tax credit is allowed against the Connecticut corporation
business tax in an amount equal to the amount paid by a
small business to the federal Small Business Administration,
as a guaranty fee to obtain guaranteed financing.

See the Guide to Connecticut Business Tax Credits
available on the Department of Revenue Services
(DRS) website at www.ct.gov/drs, or contact DRS at
1-800-382-9463 (Connecticut calls outside the Greater
Hartford calling area only) or 860-297-5962 (from anywhere).

Carryforward/Carryback

Any remaining credit balance that exceeds the credit applied
may be carried forward to four succeeding income years.

Part I – Credit Computation
Enter the amount paid to the federal Small Business Administration as a guaranty fee to obtain guaranteed
financing in the 2013 income year. Enter here and on Form CT-1120K, Part I-D, Column B.

Part II – Computation of Carryforward

Credit may be carried forward to four succeeding income years. See instructions below.

Total
Credit
Earned

Credit
Carryforward to 2013
Applied
Subtract Column B
2009 Through 2012
from Column A.

2009 Small Business Administration
1. Guaranty Fee tax credit from
2009 Form CT-1120 SBA, Part I.
2010 Small Business Administration
2. Guaranty Fee tax credit from
2010 Form CT-1120 SBA, Part I.
2011 Small Business Administration
3. Guaranty Fee tax credit from
2011 Form CT-1120 SBA, Part I.
2012 Small Business Administration
4. Guaranty Fee tax credit from
2012 Form CT-1120 SBA, Part I.
2013 Small Business Administration
5. Guaranty Fee tax credit from
2013 Form CT-1120 SBA, Part I.
6. Total Small Business Administration Guaranty Fee tax credit applied to 2013:
Add Lines 1 through 5, Column D. Enter here and on Form CT-1120K, Part I-D, Column C.
Total Small Business Administration Guaranty Fee Tax Credit Carryforward to 2014: Add Lines 2 through 5,
7. Column E. Enter here and on Form CT-1120K, Part I-D, Column E.

Computation of Carryforward Instructions
Lines 1 through 5, Columns A through D - Enter the amount for each corresponding year.
Lines 2 through 4, Column E - Subtract Column D from Column C.
Line 5, Column E - Subtract Column D from Column A.

Credit
Applied to
2013

Carryforward
to 2014

Extracted from PDF file 2020-connecticut-form-ct-1120-sba.pdf, last modified December 2013

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More about the Connecticut Form CT-1120 SBA Corporate Income Tax Tax Credit

We last updated the Small Business Guaranty Fee Tax Credit in April 2021, and the latest form we have available is for tax year 2020. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the Connecticut Department of Revenue Services. You can print other Connecticut tax forms here.

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Related Connecticut Corporate Income Tax Forms:

TaxFormFinder has an additional 85 Connecticut income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Connecticut Form CT-1120 SBA.

Form Code	Form Name
Form CT-1120 Instructions	Connecticut Corporation Business Tax Instructions Tax Return
Form CT-1120 A-LP	Corporation Business Tax Return Apportionment of Limited Partnership Interests
Form CT-1120 EXT	Application for Extension of Time to File Connecticut Corporation Tax Return Extension
Form CT-1120X	Amended Corporation Business Tax Return
Form CT-1120	Corporation Business Tax Return Tax Return
Form CT-1120 MEC	Machinery and Equipment Expenditure Credit Tax Credit
Form CT-1120 CC	Authorization and Consent to be Included in a Combined Return
Form CT-1120 EDPC	Electronic Data Processing Equipment Property Tax Credit Tax Credit
Form CT-1120 ES	Estimated Corporation Business Tax Payment Coupons Estimated
Form CT-1120 FCIC	Fixed Capital Investment Credit Tax Credit

Download all CT tax forms View all 86 Connecticut Income Tax Forms

Form Sources:

Connecticut usually releases forms for the current tax year between January and April. We last updated Connecticut Form CT-1120 SBA from the Department of Revenue Services in April 2021.

Show Sources >

Form CT-1120 SBA is a Connecticut Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Connecticut Form CT-1120 SBA

We have a total of eight past-year versions of Form CT-1120 SBA in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:

2020 Form CT-1120 SBA

CT-1120 SBA, 2013 Small Business Administration Guaranty Fee Tax Credit

2017 Form CT-1120 SBA

2016 Form CT-1120 SBA

CT-1120 SBA, 2016 Small Business Administration Guaranty Fee Tax Credit

2015 Form CT-1120 SBA

CT-1120 SBA, 2015 Small Business Administration Guaranty Fee Tax Credit

2014 Form CT-1120 SBA

CT-1120 SBA, 2014 Small Business Administration Guaranty Fee Tax Credit

2013 Form CT-1120 SBA

CT-1120 SBA, 2013 Small Business Administration Guaranty Fee Tax Credit

2012 Form CT-1120 SBA

CT-1120 SBA, Small Business Administration Guaranty Fee Tax Credit

2011 Form CT-1120 SBA

CT-1120 SBA, Small Business Administration Guaranty Fee Tax Credit

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