Schedule NTC "Net Tax Calculation" - Alabama

What Is Schedule NTC?

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:

  • 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 Schedule NTC by clicking the link below or browse more documents and templates provided by the Alabama Department of Revenue.

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NTC 2017
SCHEDULE
170006NC
Alabama Department of Revenue
Net Tax Calculation
USE ONLY IF CLAIMING TAX CREDIT(S)
NAME
SOCIAL SECURITY NUMBER
Enter tax amount from Form 40, page 1, line 17 or Form 40NR, page 1, line 19 . . . . . . . . . . . . . . .
1
1
Enter amount from Schedule CR, line 27. Enter zero if claiming credits from Schedule OC. . . .
2
2
Subtract line 2 from line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3
Enter credit from Schedule OC, Part K, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4
Subtract line 4 from line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5
Enter Irrigation/Reservoir System Credit from Schedule IRC, Part II, line 20 . . . . . . . . . . . . . . . . . .
6
6
Subtract line 6 from line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7
Enter School Transfer Credit amount from Schedule AATC, Part I, line 39 . . . . . . . . . . . . . . . . . . . .
8
8
Subtract line 8 from line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10 Enter Contribution to Scholarship Granting Organization Credit
9
9
amount from Schedule AATC, Part III, line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
11 Subtract line 10 from line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12 Enter Adoption Credit from Schedule AAC, Part II, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13 Subtract line 12 from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
14 Enter Historic Tax Rehabilitation Credit from Schedule HTC, Part II, line 40 . . . . . . . . . . . . . . . . . . .
14
15 Subtract line 14 from line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
16 Enter Career Technical Dual Enrollment Credit from Schedule DEC, Part II, line 20 . . . . . . . . . . . .
16
17 Subtract line 16 from line 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
18 Enter Alabama Jobs Act Investment Credit from Schedule AJA, Part II, line 20 . . . . . . . . . . . . . . . .
18
19 Subtract line 18 from line 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
20 Enter Alabama Renewal Act – Port Credit from Schedule ARA, Part II, line 20 . . . . . . . . . . . . . . . . .
20
21 Subtract line 20 from line 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
22 Enter Alabama Renewal Act – Growing Alabama Credit from Schedule ARA, Part IV, line 20. . . . .
22
23 Subtract line 22 from line 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
24 Enter Apprenticeship Tax Credit from Schedule ATC, Part II, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . .
24
25 Subtract line 24 from line 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
26 Enter Small Business and Agribusiness Jobs Credit from Schedule SBA, Part III, line 20 . . . . . . . .
26
27 Subtract line 26 from line 25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
CAPITAL CREDIT – You must attach Form K-RCC to your Alabama return.
28a Enter your Project Number assigned by the Alabama Department of Revenue • _______________________ .
28b Name of project entity entitled to the Capital Credit ________________________________________________________________
28c Enter Capital Credit available from Schedule K-RCC, line 7 and pro rata share of credit
from Schedule K-1. • FEIN of Entity ____________________________. . . . . . . . . . . . . . . . . . . . .
28c
29 Net tax due Alabama. Subtract line 28c from line 27. If amount less than zero, enter zero.
Enter amount on Form 40, Page 1, line 18 or Form 40NR, Page 1, line 20. . . . . . . . . . . . . . . . . . . .
29
DOR
NTC 2017
SCHEDULE
170006NC
Alabama Department of Revenue
Net Tax Calculation
USE ONLY IF CLAIMING TAX CREDIT(S)
NAME
SOCIAL SECURITY NUMBER
Enter tax amount from Form 40, page 1, line 17 or Form 40NR, page 1, line 19 . . . . . . . . . . . . . . .
1
1
Enter amount from Schedule CR, line 27. Enter zero if claiming credits from Schedule OC. . . .
2
2
Subtract line 2 from line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3
Enter credit from Schedule OC, Part K, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4
Subtract line 4 from line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5
Enter Irrigation/Reservoir System Credit from Schedule IRC, Part II, line 20 . . . . . . . . . . . . . . . . . .
6
6
Subtract line 6 from line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7
Enter School Transfer Credit amount from Schedule AATC, Part I, line 39 . . . . . . . . . . . . . . . . . . . .
8
8
Subtract line 8 from line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10 Enter Contribution to Scholarship Granting Organization Credit
9
9
amount from Schedule AATC, Part III, line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
11 Subtract line 10 from line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
12 Enter Adoption Credit from Schedule AAC, Part II, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
13 Subtract line 12 from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
14 Enter Historic Tax Rehabilitation Credit from Schedule HTC, Part II, line 40 . . . . . . . . . . . . . . . . . . .
14
15 Subtract line 14 from line 13. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
16 Enter Career Technical Dual Enrollment Credit from Schedule DEC, Part II, line 20 . . . . . . . . . . . .
16
17 Subtract line 16 from line 15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
18 Enter Alabama Jobs Act Investment Credit from Schedule AJA, Part II, line 20 . . . . . . . . . . . . . . . .
18
19 Subtract line 18 from line 17. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
19
20 Enter Alabama Renewal Act – Port Credit from Schedule ARA, Part II, line 20 . . . . . . . . . . . . . . . . .
20
21 Subtract line 20 from line 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21
22 Enter Alabama Renewal Act – Growing Alabama Credit from Schedule ARA, Part IV, line 20. . . . .
22
23 Subtract line 22 from line 21. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23
24 Enter Apprenticeship Tax Credit from Schedule ATC, Part II, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . .
24
25 Subtract line 24 from line 23. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
26 Enter Small Business and Agribusiness Jobs Credit from Schedule SBA, Part III, line 20 . . . . . . . .
26
27 Subtract line 26 from line 25. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
CAPITAL CREDIT – You must attach Form K-RCC to your Alabama return.
28a Enter your Project Number assigned by the Alabama Department of Revenue • _______________________ .
28b Name of project entity entitled to the Capital Credit ________________________________________________________________
28c Enter Capital Credit available from Schedule K-RCC, line 7 and pro rata share of credit
from Schedule K-1. • FEIN of Entity ____________________________. . . . . . . . . . . . . . . . . . . . .
28c
29 Net tax due Alabama. Subtract line 28c from line 27. If amount less than zero, enter zero.
Enter amount on Form 40, Page 1, line 18 or Form 40NR, Page 1, line 20. . . . . . . . . . . . . . . . . . . .
29
DOR