CT-UCONN: University of Connecticut Incentive Program Tax Credit (2025)
Connecticut · Connecticut DRS · Used for tax years 2025
Form CT-UCONN is used to claim Connecticut’s University of Connecticut Incentive Program business tax credit. It reports the credit listed on a UCONN-issued voucher, the amount applied to taxes, and any credit available to carry forward.
Who files this form
Use the 2025 Form CT-UCONN to claim the University of Connecticut Incentive Program business tax credit. You cannot claim the credit until UCONN issues a tax credit voucher listing the available credit amount.
The credit may be applied against Connecticut insurance companies and health care centers taxes, Corporation Business Tax, Air Carriers Tax, Railroad Companies Tax, community antenna television systems and one-way satellite transmission businesses tax, Utility Companies Tax, Pass-Through Entity Tax, or Income Tax. It cannot be applied against the liability imposed by section 12-707 of the Connecticut General Statutes.
What you'll need
Have your UCONN-issued tax credit voucher available. You will need its voucher number and the credit amount listed on it.
You will also need:
- The eligible taxpayer’s name and Connecticut Tax Registration Number.
- The beginning and ending dates of the income year.
- The year the incentive program payments were made.
- The credit amounts applied to Corporation Business Tax and other taxes.
- The credit amounts needed to complete the carryforward computation.
Part I directs you to attach a copy for each tax credit voucher.
Common mistakes
- Do not claim the credit before UCONN issues a tax credit voucher.
- Use the correct year’s form. Each form is year-specific.
- Complete the form in blue or black ink only.
- Do not use staples.
- Do not carry the credit back to an earlier year. No carryback is allowed.
- If you are a member included in the 2025 Form CT-1120CU combined return, include in Part II, Column D credits shared to and used by another member of the combined group.
Questions people ask
How much is the credit?
The credit equals 50% of qualified UCONN Incentive Program payments. Credits allowed cannot exceed $500,000 for any taxpayer or income year. The aggregate amount of total credits allowed under the chapter cannot exceed $5 million.
When can I use the credit?
You may claim all or part of the credit in the year the payments were made or in any of the 15 immediately succeeding taxable or income years. No carryback is allowed.
How do I calculate the total credit applied in Part I?
Enter the credit applied to Corporation Business Tax on Line 4 and the credit applied to other taxes on Line 5. Add those amounts and enter the total on Line 6.
How do I calculate the credit available in 2026?
For the 2025 credit on Part II, Line 6, subtract Column D, Credit Applied to 2025, from Column A, Total Credit Earned. Enter the result in Column E. Line 8 totals Lines 1 through 6 of Column E to show the credit available in 2026.
Where can I find more information?
The form points to the Guide to Connecticut Business Tax Credits on the Department of Revenue Services website at portal.ct.gov/DRS.