CT-1120 FPI: Film Production Infrastructure Tax Credit (2025)
Connecticut · Connecticut DRS · Used for tax years 2025
Form CT-1120 FPI is used to claim Connecticut’s Film Production Infrastructure Tax Credit for an investment in a state-certified entertainment infrastructure project. It reports DECD tax credit voucher information and calculates the credit applied to 2025 and the credit available
Who files this form
Use Form CT-1120 FPI to claim the Film Production Infrastructure tax credit for an investment in a state-certified entertainment infrastructure project. The form allows an eligible production company or an assignee to claim the credit.
The credit equals 20% of a taxpayer’s investment if the investment is at least $3 million. You cannot claim it until the Connecticut Department of Economic and Community Development (DECD) issues a tax credit voucher listing the available credit.
The credit may be applied against Connecticut Insurance Companies and Health Care Center Taxes or Corporation Business Tax.
What you'll need
Have the following information ready:
- Your DECD tax credit voucher information, including the voucher number, expenditure year, and qualified credit amount.
- The eligible taxpayer’s name and Connecticut Tax Registration Number.
- Credit amounts previously applied for 2022 through 2024 and amounts being applied to 2025, as needed for the credit computation.
Attach a copy of Schedule A for each tax credit voucher. If you are claiming the credit as an assignee, provide the investor/assignor names and Connecticut Tax Registration Numbers, if available, and attach an explanation.
How to file
To complete the 2025 form:
- Enter the income-year dates, taxpayer name, and Connecticut Tax Registration Number.
- Complete Schedule A for each tax credit voucher. Check whether the claimant is an eligible production company or an assignee, and attach the required Schedule A copies and any assignee explanation.
- In the credit computation, enter the voucher credit totals for eligible expenditures in 2022, 2023, 2024, and 2025 on Lines 1 through 4, Column A.
- Enter the applicable credit amounts in Columns B through D. For Lines 2 and 3, Column E, subtract Column D from Column C. For Line 4, Column E, subtract Column D from Column A.
- Add Lines 1 through 4, Column D, for the total credit applied to 2025 on Line 5. Add Lines 2 through 4, Column E, for the total credit available in 2026 on Line 6.
The supplied form does not give a mailing address or e-filing directions.
Common mistakes
- Using the wrong year’s form. Each form is year-specific, and the correct year’s form must be used.
- Using ink other than blue or black, or stapling the form. The form says to use blue or black ink only and not to use staples.
- Claiming the credit before DECD issues the tax credit voucher.
- Omitting a Schedule A copy for a voucher or the required explanation when an assignee claims the credit.
- Leaving shared credits out of Column D. Members included in the 2025 Form CT-1120CU must include credits shared to and used by another member of the combined group.
Questions people ask
How much is the credit?
The credit is 20% of the taxpayer’s investment, provided the investment is at least $3 million.
When can I use the credit?
All or part of the credit may be claimed in the year the state-certified project expenses or costs were incurred, or in any of the three succeeding years. DECD must issue a tax credit voucher before the credit can be claimed.
Can the credit be assigned to someone else?
Yes. The credit may be assigned in whole or in part no more than three times.
Where can I find more information?
The form directs taxpayers to the Guide to Connecticut Business Tax Credits on the Department of Revenue Services website at portal.ct.gov/DRS.