Form 20S Schedule PC "Pass-Through Credits" - Alabama

What Is Form 20S Schedule PC?

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.

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SCHEDULE
Alabama
170008PC
Department of Revenue
2017
PC
Pass-Through Credits
(FORM 20S OR 65)
ADOR
ATTACH TO FORM 20S OR 65
NAME(S) AS SHOWN ON FORM 20S OR 65
FEDERAL EMPLOYER IDENTIFICATION NUMBER
PART A – Alabama Enterprise Zone Act Credit (attach Schedule EZ)
PART B – Basic Skills Education Credit
1
1 CREDIT ALLOWABLE. Enter the amount from Schedule EZK1, Part II, page 2, line 13, or Schedule EZ, Part IV, page 2, line 13 . . . . . . . . . . . . . . .
You must attach your approved certification notice issued by the Alabama Department of Education.
1
1 Enter your assigned Department of Education Certification Number . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Name of employer/firm sponsoring the education program
3 Name of approved provider
Address of approved provider
4 Were all participants for whom you are claiming a tax credit continuously employed by you for at least 16 weeks?. . . . . . . . . . . . . .
Yes
No
5 If the answer to line 4 is yes, did employee(s) work at least 24 hours each week? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
6 If the answer to lines 4 and 5 above is yes, enter the total expenses available
6
for credit (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7 Total maximum credit available. Multiply line 6 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
PART C – Coal Credit
8 CREDIT ALLOWABLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
1 Number of tons produced in current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2 Number of tons of coal produced in calendar year 1994 or base year . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
PART D – Full Employment Act of 2011 Credit (attach an itemized list of qualified employees)
4 CREDIT ALLOWABLE. Multiply line 3 by $1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
1 Number of full time employees on 12-31-2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2 Number of full time employees on 12-31-2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4 Number of qualifying new employees from line 3 that completed their first 12 months service in 2017 . .
5
PART E – Alabama New Markets Development Credit
5 CREDIT ALLOWABLE. Multiply line 4 by $1,000.00. Enter the amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
You must attach your approved certification notice issued by the Alabama Development Office.
PART F – Heroes For Hire Tax Credit Act – Employee Credit
1
1 CREDIT ALLOWABLE. Enter the amount from the Notice of Certification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
1 Number of recently deployed unemployed veterans included in line 4, Part D or line 7, Part O . . . . . .
2
2 CREDIT ALLOWABLE. Multiply line 1 by $1,000.00. Enter the amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART G – Heroes For Hire Tax Credit Act – Business Start-up Expenses Credit
1 Name
2
2 Enter your business ID number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Enter total amount of business start-up expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4 Maximum credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$2,000
00
5
PART H – Irrigation/Reservoir System Credit (attach supporting documentation)
5 CREDIT ALLOWABLE. Enter the lesser of line 3 or line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
1 Purchase cost and installation costs of irrigation system . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2 Conversion costs to convert from fuel to electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4 Multiply line 3 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5 Cost of construction reservoir. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
6 Multiply line 5 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7 Enter the amount from line 4 or line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
$10,000
00
8 Maximum credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
9 CREDIT ALLOWABLE. Enter the lesser of line 7 or line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SCHEDULE
Alabama
170008PC
Department of Revenue
2017
PC
Pass-Through Credits
(FORM 20S OR 65)
ADOR
ATTACH TO FORM 20S OR 65
NAME(S) AS SHOWN ON FORM 20S OR 65
FEDERAL EMPLOYER IDENTIFICATION NUMBER
PART A – Alabama Enterprise Zone Act Credit (attach Schedule EZ)
PART B – Basic Skills Education Credit
1
1 CREDIT ALLOWABLE. Enter the amount from Schedule EZK1, Part II, page 2, line 13, or Schedule EZ, Part IV, page 2, line 13 . . . . . . . . . . . . . . .
You must attach your approved certification notice issued by the Alabama Department of Education.
1
1 Enter your assigned Department of Education Certification Number . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Name of employer/firm sponsoring the education program
3 Name of approved provider
Address of approved provider
4 Were all participants for whom you are claiming a tax credit continuously employed by you for at least 16 weeks?. . . . . . . . . . . . . .
Yes
No
5 If the answer to line 4 is yes, did employee(s) work at least 24 hours each week? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
6 If the answer to lines 4 and 5 above is yes, enter the total expenses available
6
for credit (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7 Total maximum credit available. Multiply line 6 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
PART C – Coal Credit
8 CREDIT ALLOWABLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
1 Number of tons produced in current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2 Number of tons of coal produced in calendar year 1994 or base year . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
PART D – Full Employment Act of 2011 Credit (attach an itemized list of qualified employees)
4 CREDIT ALLOWABLE. Multiply line 3 by $1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
1 Number of full time employees on 12-31-2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2 Number of full time employees on 12-31-2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4 Number of qualifying new employees from line 3 that completed their first 12 months service in 2017 . .
5
PART E – Alabama New Markets Development Credit
5 CREDIT ALLOWABLE. Multiply line 4 by $1,000.00. Enter the amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
You must attach your approved certification notice issued by the Alabama Development Office.
PART F – Heroes For Hire Tax Credit Act – Employee Credit
1
1 CREDIT ALLOWABLE. Enter the amount from the Notice of Certification . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
1 Number of recently deployed unemployed veterans included in line 4, Part D or line 7, Part O . . . . . .
2
2 CREDIT ALLOWABLE. Multiply line 1 by $1,000.00. Enter the amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PART G – Heroes For Hire Tax Credit Act – Business Start-up Expenses Credit
1 Name
2
2 Enter your business ID number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Enter total amount of business start-up expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4 Maximum credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$2,000
00
5
PART H – Irrigation/Reservoir System Credit (attach supporting documentation)
5 CREDIT ALLOWABLE. Enter the lesser of line 3 or line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
1 Purchase cost and installation costs of irrigation system . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2 Conversion costs to convert from fuel to electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4 Multiply line 3 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5 Cost of construction reservoir. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
6 Multiply line 5 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7 Enter the amount from line 4 or line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
$10,000
00
8 Maximum credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
9 CREDIT ALLOWABLE. Enter the lesser of line 7 or line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
170009PC
2
PAGE
ALABAMA SCHEDULE PC – 2017
PART I – Rehabilitation, Preservation and Development of Historic Structures Credit (attach supporting documentation)
1 CREDIT AVAILABLE. Enter amount from the Alabama Historical Commission Tax
1
Credit Certificate.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
PART J – Credit for Taxes paid to a Foreign Country (Note All dollar figures must be in U.S. dollars)
2 CREDIT ALLOWABLE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Attach a copy of the foreign tax return
1 Name of country income earned in
2
2 Income from foreign operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Tax due the foreign country as shown on that country’s tax return . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4 MAXIMUM CREDIT AVAILABLE TO OWNERS (multiply line 3 by 50% (.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5 Amount of Credit Applicable to Nonresident Owners (should not be reported on Nonresident K-1s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
PART K – Dual Enrollment Credit (attach your approved certification from the Department of Postsecondary Education)
6 Amount of Credit to be Allocated to Resident Owners on Schedule K-1 (Subtract Line 5 from Line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
1 Total Qualifying Contribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2 Multiply Line 1 by 50%. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Maximum Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$500,000
00
4
PART L – Alabama Jobs Act – Investment Credit. Attach a copy of your approved certification from the Department of Commerce.
4 CREDIT ALLOWABLE (Enter the lesser of line 2 or line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Project Number:
Project Name:
Amount of Credit:
1a
1 Enter the information requested for each project . . . . . .
1b
1c
1d
1e
1f
1g
2
2 TOTAL CREDIT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Credit used to offset Utility Taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
PART M – Alabama Accountability Tax Credit
4 Amount of Investment Credit available. Subtract line 3 from line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 Name of Scholarship Granting Organization:
2 Address of Scholarship Granting Organization:
3
3 Amount contributed for scholarship(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
PART N – Alabama Renewal Act – Port Credit (attach your approved certification from the Department of Commerce)
4 CREDIT ALLOWABLE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
PART O – Alabama Small Business and Agribusiness Jobs Credit
1 Credit Allowable. Enter the amount from the Department of Commerce Credit Certification. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
You cannot take this credit if you have already claimed the Full Employment Act of 2011 Credit for new employees on Schedule PC, Part D.
1 Does your business employ 75 or fewer full-time and part-time employees, not including
new employees for which credit is being claimed? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
2
2 Number of full time Alabama employees on 12-31-2017.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3 Number of full time Alabama employees on 07-24-2016.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4 Net Employee Growth. Subtract line 3 from line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5 Number of qualifying new employees for whom you claimed a credit for in prior tax year(s). . . . . . . . . . .
6
6 Subtract line 5 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Number of qualifying new employees that completed their first 12 months service in 2017.
7
This amount cannot be greater than line 6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
PART P – Apprenticeship Tax Credit Act of 2016 (attach a copy of the Alabama Apprenticeship Tax Credit Certificate)
8 CREDIT ALLOWABLE. Multiply line 7 by $1,500.00. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
1 Credit from 2017 Alabama Apprenticeship Tax Credit Certificate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ADOR
170010PC
3
PAGE
ALABAMA SCHEDULE PC – 2017
PART Q – Capital Credit You must attach Form AR and Form K-RCC to your Alabama return.
Project Number:
Project Name:
Amount of credit from Form K-RCC Line 7:
1a
1 Enter the information requested for each project . . . . . .
1b
1c
1d
1e
1f
1g
2
PART R – Summary
2 TOTAL CAPITAL CREDIT AVAILABLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 TOTAL CREDITS ALLOWABLE. Add Part A, Line 1, Part B, Line 8, Part C, Line 4; Part D, Line 5, Part E, Line 1; Part F, Line 2;
Part G, Line 5; Part H, Line 9, Part I, Line 2, Part J, Line 6; Part K, Line 4, and Part L, Line 4; Part M, Line 4, Part N, Line 1, Part O, Line 8,
1
Part P, Line 1, Part Q, Line 2. (Subchapter K entities: Enter the amount from Line 1 on Line 5.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2 Tax Due (Form 20S, Line 31) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Credits to be used on Page 1, Line 32d, Form 20S.
Credit
Amount
3a
a
3b
b
3c
c
4
4 Total credits to be used (add Lines 3a, 3b, and 3c). Enter this amount on Form 20S, Page 1, Line 32d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5 Amount allocated to owner. Subtract Line 4 from Line 1. Enter this amount on Schedule K, Line 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ADOR
Page of 3