Connecticut General Statutes (Tax)

Conn. Gen. Stat. § 12-745

Order of credits

# (a)

Whenever a taxpayer is eligible to claim more than one income tax credit under this chapter, the credits shall be claimed for the taxable year in the following order:

# (1)

Any credit under section 12-703;

# (2)

any credit under section 12-704;

# (3)

any credit under subsection (e) of section 12-700a;

# (4)

any other credit that may not be carried forward to a succeeding taxable year or years, in the order in which the taxpayer may receive the maximum benefit;

# (5)

any credit that may be carried forward to a succeeding taxable year or years with any credit carry-forward that will expire first being claimed before any credit carry-forward that will expire later or will not expire at all or if the credit carry-forwards will expire at the same time, in the order in which the taxpayer may receive the maximum benefit.

# (b)

In no event shall any credit be claimed more than once. (P.A. 96-221, S. 18, 25.) History: P.A. 96-221 effective July 1, 1996. (Return to ChapterTable of Contents) (Return toList of Chapters) (Return toList of Titles)

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