Form INT-4 "Notice of Change of Ownership, Interest, or Participation of Interest in Income Tax Capital Credit Project" - Alabama

What Is Form INT-4?

This is a legal form that was released by the Alabama Department of Revenue - a government authority operating within Alabama. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on December 1, 2001;
  • The latest edition provided by the Alabama Department of Revenue;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a printable version of Form INT-4 by clicking the link below or browse more documents and templates provided by the Alabama Department of Revenue.

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Download Form INT-4 "Notice of Change of Ownership, Interest, or Participation of Interest in Income Tax Capital Credit Project" - Alabama

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A
D
R
DEPARTMENT USE ONLY
LABAMA
EPARTMENT OF
EVENUE
FORM
CONTROL NUMBER
Notice of Change of Ownership,
INT-4
___________________
Interest, or Participation of Interest
12/01
in Income Tax Capital Credit Project
This form is used to report a change in investing companies, sale of project to another party, merger into another company, or any other change of ownership or assign-
ment of interest in the participants of the project entity. Notice is given by completing all portions of this form and the schedule of allocation. When completed, the form
will provide the Alabama Department of Revenue with the name of the current project entity and a complete list of current eligible participants of the capital credit project.
The project number originally assigned by the Alabama Deparment of Revenue must be indicated.
Capital Credit Qualifying Project Identification
Project Number:
NAICS Code:
Project Location:
Type of project:
New
Expansion
Small Business Addition
Headquarters Facility
Favored Geographic Area
State Docks
Date project was originally placed in service as filed on Form INT-2, line 4:
Actual project capital costs as originally filed on Form INT-2, line 6:
Project Information Prior to Change of Ownership, Interest, or Participation of Interest in Project
Project Entity:
Project Name:
Address:
FEIN:
City:
State:
ZIP:
Telephone No.: (
)
Project filing status:
LLC
Sole Proprietorship
C Corporation
S Corporation
Estate
Partnership
(
only one)
Project Information Subsequent to Change of Ownership, Interest, or Participation of Interest in Project
Effective date of change of ownership, interest, or participation of interest in project:
Description of the change (i.e., change of interest, merger, sale of project):
Project Entity:
Project Name:
Address:
FEIN:
City:
State:
ZIP:
Telephone No.: (
)
Project filing status:
LLC
Sole Proprietorship
C Corporation
S Corporation
Estate
Partnership
(
only one)
Contact person for capital credit and to whom all correspondence will be sent:
Use The Schedule Below To List All Current Participants Of The Project Entity.
Current Allocations of Capital Credit
A complete list of all participants in the project entity entitled to receive the Capital Credit must be provided. (Attach additional sheets if necessary.)
1.
Name:
3.
Name:
Address:
Address:
City:
State:
Zip:
City:
State:
Zip:
Social Security No. or FEIN:
Social Security No. or FEIN:
Percentage Allocation of Credit:
%
Percentage Allocation of Credit:
%
2.
Name:
4.
Name:
Address:
Address:
City:
State:
Zip:
City:
State:
Zip:
Social Security No. or FEIN:
Social Security No. or FEIN:
Percentage Allocation of Credit:
%
Percentage Allocation of Credit:
%
Under penalties of perjury, I declare that I am duly authorized to complete this form and that I have listed all the participants of the project
entity. I have examined the above statements and to the best of my knowledge and belief they are true, correct, and complete.
Your Signature:
Title:
Date:
A
D
R
DEPARTMENT USE ONLY
LABAMA
EPARTMENT OF
EVENUE
FORM
CONTROL NUMBER
Notice of Change of Ownership,
INT-4
___________________
Interest, or Participation of Interest
12/01
in Income Tax Capital Credit Project
This form is used to report a change in investing companies, sale of project to another party, merger into another company, or any other change of ownership or assign-
ment of interest in the participants of the project entity. Notice is given by completing all portions of this form and the schedule of allocation. When completed, the form
will provide the Alabama Department of Revenue with the name of the current project entity and a complete list of current eligible participants of the capital credit project.
The project number originally assigned by the Alabama Deparment of Revenue must be indicated.
Capital Credit Qualifying Project Identification
Project Number:
NAICS Code:
Project Location:
Type of project:
New
Expansion
Small Business Addition
Headquarters Facility
Favored Geographic Area
State Docks
Date project was originally placed in service as filed on Form INT-2, line 4:
Actual project capital costs as originally filed on Form INT-2, line 6:
Project Information Prior to Change of Ownership, Interest, or Participation of Interest in Project
Project Entity:
Project Name:
Address:
FEIN:
City:
State:
ZIP:
Telephone No.: (
)
Project filing status:
LLC
Sole Proprietorship
C Corporation
S Corporation
Estate
Partnership
(
only one)
Project Information Subsequent to Change of Ownership, Interest, or Participation of Interest in Project
Effective date of change of ownership, interest, or participation of interest in project:
Description of the change (i.e., change of interest, merger, sale of project):
Project Entity:
Project Name:
Address:
FEIN:
City:
State:
ZIP:
Telephone No.: (
)
Project filing status:
LLC
Sole Proprietorship
C Corporation
S Corporation
Estate
Partnership
(
only one)
Contact person for capital credit and to whom all correspondence will be sent:
Use The Schedule Below To List All Current Participants Of The Project Entity.
Current Allocations of Capital Credit
A complete list of all participants in the project entity entitled to receive the Capital Credit must be provided. (Attach additional sheets if necessary.)
1.
Name:
3.
Name:
Address:
Address:
City:
State:
Zip:
City:
State:
Zip:
Social Security No. or FEIN:
Social Security No. or FEIN:
Percentage Allocation of Credit:
%
Percentage Allocation of Credit:
%
2.
Name:
4.
Name:
Address:
Address:
City:
State:
Zip:
City:
State:
Zip:
Social Security No. or FEIN:
Social Security No. or FEIN:
Percentage Allocation of Credit:
%
Percentage Allocation of Credit:
%
Under penalties of perjury, I declare that I am duly authorized to complete this form and that I have listed all the participants of the project
entity. I have examined the above statements and to the best of my knowledge and belief they are true, correct, and complete.
Your Signature:
Title:
Date:
Instructions for Preparing Notice of Change of Ownership,
Interest, or Participation of Interest in Project
(Form INT-4)
GENERAL INSTRUCTIONS
Address – Enter the address to which all correspondence regarding this project
If at any time during the period in which an investing company or companies is
was sent prior to the change of ownership, interest, or participation in the project.
qualified for the capital credit, there is change in the company or companies partic-
FEIN – Enter the Federal Employer Identification Number of the project entity
ipating in the qualified project, or a change in the ownership regarding the share-
prior to the change of ownership, interest, or participation of interest in the project.
holders, partners, members, owners, or beneficiaries of the investing company or
Project Filing Status – Check the filing status of the project entity prior to the
companies, the project entity shall file with the Alabama Department of Revenue on
change of ownership, interest, or participation of interest in the project.
Form INT-4 a complete listing of investing company or companies, or the share-
PROJECT INFORMATION SUBSEQUENT TO CHANGE OF OWNERSHIP,
holders, partners, members, owners, or beneficiaries of the investing company or
INTEREST, OR PARTICIPATION OF INTEREST IN THE PROJECT
companies entitled to the credit as a result of the change in ownership.
Effective date of the change of Ownership, Interest, or Participation of
Pursuant to Section 40-18-193(c), Code of Alabama 1975, a change in owner-
Interest in Project – Enter the date the change of ownership, interest, or partici-
ship or assignment of interest in any project shall not increase the amount of capi-
pation of interest in the project occurred. Please include month, day, and year.
tal credit available and the purchasers, assignees, or successors of the project or
Description of the change – Enter the type of change that occurred, i.e.,
interest herein shall be entitled to the capital credit upon the same conditions and
change of ownership, sale of project to another party, merger into another compa-
for the same period as the investing company or companies originally entitled to the
ny, change in legal entity, change of participation of interest in project for the mem-
capital credit.
bers, shareholders, or partners. Please be very detailed.
This form must be filed and completed by the project entity in order for the tax-
Project Entity – Enter the name of the entity that will be receiving the capital
payer(s) to receive an income tax credit. The form is used to report a change in
credit subsequent to the change of ownership, interest, or participation of interest in
partnership members, S corporation shareholders, sale of project to another party,
the project. The entity qualifying for the capital credit must be the entity meeting the
or merger into another company. When completed, the form will provide the
requirements for the capital credit. If the qualifying project is a joint venture, the joint
Alabama Department of Revenue with the name of the current project entity and a
venture must be in the form of a legal entity.
complete list of current eligible recipients of the income tax credit for this project.
Single Member Limited Liability Companies (“SMLLC”) will be classified as they
The project number originally assigned by the Alabama Department of Revenue
are classified for federal income tax purposes under the Internal Revenue Service’s
must be indicated.
(IRS) “check-the-box” regulations. If the investing company is a SMLLC that elects
If you have any questions pertaining to the administration of this form or related
to be treated as a corporation for federal income tax purposes, enter the SMLLC as
to the capital credit in general, please contact the Alabama Department of Revenue
the project entity. If the investing company is a SMLLC that does not “check-the-
at (334) 242-1175. Additional capital credit forms and information can be down-
box” for federal income tax purposes, the SMLLC shall be treated as a disregarded
loaded from the Alabama Department of Revenue’s Web site at www.ador.
entity for Alabama income tax purposes and the parent must be entered as the pro-
state.al.us under “Tax Incentives.” Mail this completed form to: Alabama Depart-
ject entity.
ment of Revenue, ATTN: Capital Credit Program Administrator, P.O. Box 327001,
Qualified Subchapter S Subsidiaries
(Q-subs) under 26 U.S.C. Section
Montgomery, AL 36132-7001.
1361(b)(3) shall be treated as disregarded entities for Alabama income tax purpos-
LINE BY LINE INSTRUCTIONS
es. If the investing company is a Q-sub, the parent must be entered as the project
Project Number – Enter the project number assigned by the Alabama
entity.
Department of Revenue when the qualifying project was originally approved. This
Project Name – If the project is identified internally by a project name, enter the
number must be on all correspondence with the Department pertaining to the cap-
project name. For example, ABC, Inc. is the project entity, but the project is known
ital credit project.
as Alpha Division. If the project is doing business as (dba), enter the dba name. If
NAICS Code – Enter the North American Industry Classification System
the project entity has more than one qualifying project for the capital credit, include
(NAICS) code for the new, expanding, small business addition, favored geographic
a project name that can identify each project. If the qualifying project is a SMLLC
area, or state docks project at which the predominate activity conducted will consti-
treated as a disregarded entity for tax purposes, enter the name of the SMLLC as
tute an industrial, warehousing, or research activity as defined in Section 40-18-
the project name. If the qualifying project is a Q-sub, enter the name of the Q-sub
190(7). If the qualifying project is a Headquarters Facility, enter 000000.
as the project name.
Act 2001-965, which was signed into law on September 26, 2001, amended the
Address – Enter the address to which all correspondence regarding this project
existing income tax capital credit, changing the qualifying Standard Industrial
should be sent subsequent to the change of ownership, interest, or participation in
Classification (SIC) codes to the NAICS codes, covering the same types of busi-
the project.
nesses. Projects that were originally approved using a SIC code must convert to the
FEIN – Enter the Federal Employer Identification Number of the project entity
NAICS code.
subsequent to the change of ownership, interest, or participation in the project.
Project Location – Enter the address where the project is physically located in
Project Filing Status – Check the filing status the project entity will be subse-
Alabama.
quent to the change of ownership, interest, or participation of interest in the project.
Type of Project – Enter the project type as originally filed on Form INT and
Contact Person – Enter the name of the person to be contacted if additional
Form INT-2. The project type will not change throughout the life of the project,
information is needed regarding the capital credit and to whom all correspondence
regardless of the change of ownership, interest, or participation of interest in the
for the capital credit will be sent. Include a telephone number if different from the
project.
number indicated above.
Date Project Was Originally Placed In Service – Enter the original placed in
Current Allocations of Capital Credit – List all participants of the project enti-
service date of the project as filed on Form INT-2. The capital credit for the qualify-
ing project runs for 20 consecutive years from this date.
ty to receive the capital credit subsequent to the change of ownership, interest, or
participation of interest in project. Include the entities’ names, addresses, social
Actual Project Capital Costs As Originally Filed On Form INT-2 – Enter the
security numbers or federal employer identification numbers, and percentage of
amount of actual project costs as filed originally on Form INT-2, line 6. The amount
credit allocated to each entity or participant. This list will serve as the agreement
of the annual capital credit available to be applied against the project’s tax liability
between the Alabama Department of Revenue and the investing company or com-
is determined by multiplying the total actual project capital costs on Form INT-2, line
panies specifying the allocation and treatment of the capital credit provided by
6, by five percent. This amount will remain constant throughout the 20-year life of
Section 40-18-190 et. seq. and Section 40-18-203 et. seq., Code of Alabama 1975.
the qualifying project.
PROJECT INFORMATION PRIOR TO CHANGE OF OWNERSHIP,
The capital credit shall be allocated among the shareholders, partners, mem-
INTEREST, OR PARTICIPATION OF INTEREST IN THE PROJECT
bers, owners, or beneficiaries of the investing company or companies entitled to the
capital credit based on their distributive share, whether or not distributed, of the pro-
Project Entity – Enter the name of the entity that was receiving the capital cred-
ject’s Alabama taxable apportionable income. If an investing company or partici-
it prior to the change of ownership, interest, or participation in the project.
pant is not listed on this schedule, the capital credit will be disallowed.
Project Name – If the project was identified internally by a project name, enter
the project name.
Attach additional sheets if necessary.
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