CT-1120 HPC: Housing Program Contribution Credit (2025)
Connecticut · Connecticut DRS · Used for tax years 2025
Form CT-1120 HPC is used to claim Connecticut’s Housing Program Contribution Tax Credit. It reports the credit amount shown on a Connecticut Housing Finance Authority (CHFA) voucher, credits applied to 2025, and credit carrybacks and carryforwards.
Who files this form
Business firms use Form CT-1120 HPC to claim a credit for cash contributions to housing programs that benefit low- and moderate-income individuals and families.
To claim the credit, the Connecticut Housing Finance Authority (CHFA) must have issued the taxpayer a credit voucher showing the available credit amount.
What you'll need
- Your CHFA credit voucher for contributions made in the 2025 income year. Enter the credit amount from the voucher in Part I.
- Prior Forms CT-1120 HPC for 2020 through 2024, as applicable. Part II asks for the credit earned from Part I of each corresponding year's form.
- Amounts of credits previously applied, carried back, and applied to 2025 to complete Part II.
- Your corporation name, Connecticut Tax Registration Number, and income-year beginning and ending dates.
Common mistakes
- Using the wrong year's form. Each form is year specific, and the correct year's form must be used.
- Using other ink colors or staples. Complete the form in blue or black ink only. Do not use staples.
- Claiming a carryback before applying available credit to 2025. The Line 6, Column C instructions say available credit must first be applied against the 2025 income-year liability. The Column C amount must not exceed Column A minus Column D.
- Leaving out shared credits. Members included in the 2025 Form CT-1120CU must include in Column D credits shared to and used by another member of the combined group.
Questions people ask
How do I determine the credit amount?
Enter the amount shown on your CHFA credit voucher for 2025 contributions in Part I. Also enter it on Form CT-1120K, Part I-A, Column A and/or Form CT-207K, Part 1A, Column B.
Can I use unused credit in another year?
Yes. A remaining credit balance may be carried forward for five succeeding income years or carried back for five preceding income years.
Which taxes can the credit offset?
The credit may be applied against Connecticut taxes under Chapters 207 (Insurance Companies and Health Care Centers Taxes), 208 (Corporation Business Tax), 209 (Air Carriers Tax), 210 (Railroad Companies Tax), 211 (Community Antenna Television Systems Tax), or 212 (Utility Companies Tax).
Where can I get more information?
Contact the CHFA Tax Credit Unit at 860-571-4251 or 999 West Street, Rocky Hill, CT 06067-4005. The form also points to the Guide to Connecticut Business Tax Credits at portal.ct.gov/DRS.