Form 1801AC 0009 "Application and Computation Schedule for Claiming Delaware Land & Historic Resource Conservation Tax Credits" - Delaware

What Is Form 1801AC 0009?

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

Form Details:

  • Released on December 31, 2013;
  • The latest edition provided by the Delaware Division 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 1801AC 0009 by clicking the link below or browse more documents and templates provided by the Delaware Division of Revenue.

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Download Form 1801AC 0009 "Application and Computation Schedule for Claiming Delaware Land & Historic Resource Conservation Tax Credits" - Delaware

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STATE OF DELAWARE
D IV ISIO N O F REV EN U E
APPLICATION AND COMPUTATION SCHEDULE FOR CLAIMING
8 2 0 N o rt h F re n ch St .
FORM 1801AC 0009
P .O . Bo x 8763
DELAWARE LAND & HISTORIC RESOURCE CONSERVATION TAX CREDITS
W ilm
.,
DE
19899- 8763
FORM 1801AC MUST BE COMPLETED AND SUBMITTED ON OR BEFORE JANUARY 31ST AFTER THE END OF THE CALENDAR
YEAR DURING WHICH THE QUALIFIED LAND WAS CONVEYED TO A QUALIFIED CONSERVATION AGENCY.
PART A - NAME AND ADDRESS OF APPLICANT
Tax Period Ending Date
1. Enter Federal Employer Identification Number
or
Social Security Number
1 ---
2 ---
2. Type of Entity:
SCorporation
Partnership
Individual/Sole Proprietor
CCorporation
Decedent Estate
Other Pass-Through Entity:
Estate/Trust
(Enter type of entity)
3. Name of Applicant
4. Address
State
Zip
City
Delaware Address
5.
(If different from above)
City
State
Zip
6. Contact Person
Telephone Number
E-mail Address
FaxNumber
PARTB – DELAWARELAND &HISTORICRESOURCECONSERVATION TAXCREDITCOMPUTATION
1.
Fair Market Value of Qualified Land Conveyed to a Qualified Conservation Agency
$
_________________
(Please attach a copy of the formal appraisal)
.40
2.
Multiply Line 1 by 40%
3.
Delaware Land & Historic Resource Conservation Tax Credit Before Limitation
$
_________________
50,000
4.
Maximum Amount of Credit
$
5.
Delaware Land & Historic Resource Conservation Credit. Enter the Smaller of Line 3 or Line 4.
$
_________________
STOP: IF THE TYPE OF ENTITY APPLYING FOR THE CREDIT IS:
• C CORPORATION – Enter the amount from Line 5 on Form 700, Delaware Income Tax Credit Schedule, Line 17(a).
• S CORPORATION – Multiply the amount on Line 5 by the percentage of stock owned by each shareholder. Enter the result on Form 700, Delaware Income
Tax Credit Schedule, Line 17(b).
• PARTNERSHIP – Multiply the amount on Line 5 by the percentage ownership of each partner. Enter the result on Form 700, Delaware Income Tax Credit
Schedule, Line 17(c).
• INDIVIDUAL & SOLE PROPRIETOR – Enter the amount from Line 5 on Form 700, Delaware Income Tax Credit Schedule, Line17(d).
• RESIDENT & NONRESIDENT ESTATES & TRUSTS – Multiply the amount on Line 5 by the percentage share of each beneficiary. Enter the result on Form
700, Delaware IncomeTax Credit Schedule, Line17(e).
• RESIDENT & NONRESIDENT DECEDENT ESTATES – Enter the amount from Line 5 on Form 700, Delaware Income Tax Credit Schedule, Line17(f).
THE TOTAL AMOUNT OF CREDITS APPROVED BY THE DIRECTOR WITH RESPECT TO ALL APPLICANTS FOR THE DELAWARE LAND & HISTORIC
RESOURCE CONSERVATION TAX CREDITS SHALL NOT EXCEED $1,000,000 IN ANY CALENDAR YEAR. IF THE AMOUNT OF DELAWARE LAND &
HISTORIC RESOURCE CONSERVATION TAX CREDITS FOR WHICH ALL TAXPAYERS APPLIED IN ANY CALENDAR YEAR EXCEEDS $1,000,000, THEN
THE DELAWARE LAND & HISTORIC RESOURCE CONSERVATION TAX CREDITS TO BE RECEIVED BY EACH APPLICANT SHALL BE THE PRODUCT OF
$1,000,000 MULTIPLIED BY A FRACTION, THE NUMERATOR OF WHICH IS THE ELIGIBLE DELAWARE LAND & HISTORIC RESOURCE CONSERVATION
TAX CREDIT APPLIED FOR BY THE APPLICANT AND THE DENOMINATOR IS THE TOTAL OF ALL ELIGIBLE DELAWARE LAND & HISTORIC RESOURCE
CONSERVATION TAX CREDITS APPLIED FOR BY ALL APPLICANTS.
NAME
TITLE
DATE
*DF41713019999*
Revised 12/31/13
STATE OF DELAWARE
D IV ISIO N O F REV EN U E
APPLICATION AND COMPUTATION SCHEDULE FOR CLAIMING
8 2 0 N o rt h F re n ch St .
FORM 1801AC 0009
P .O . Bo x 8763
DELAWARE LAND & HISTORIC RESOURCE CONSERVATION TAX CREDITS
W ilm
.,
DE
19899- 8763
FORM 1801AC MUST BE COMPLETED AND SUBMITTED ON OR BEFORE JANUARY 31ST AFTER THE END OF THE CALENDAR
YEAR DURING WHICH THE QUALIFIED LAND WAS CONVEYED TO A QUALIFIED CONSERVATION AGENCY.
PART A - NAME AND ADDRESS OF APPLICANT
Tax Period Ending Date
1. Enter Federal Employer Identification Number
or
Social Security Number
1 ---
2 ---
2. Type of Entity:
SCorporation
Partnership
Individual/Sole Proprietor
CCorporation
Decedent Estate
Other Pass-Through Entity:
Estate/Trust
(Enter type of entity)
3. Name of Applicant
4. Address
State
Zip
City
Delaware Address
5.
(If different from above)
City
State
Zip
6. Contact Person
Telephone Number
E-mail Address
FaxNumber
PARTB – DELAWARELAND &HISTORICRESOURCECONSERVATION TAXCREDITCOMPUTATION
1.
Fair Market Value of Qualified Land Conveyed to a Qualified Conservation Agency
$
_________________
(Please attach a copy of the formal appraisal)
.40
2.
Multiply Line 1 by 40%
3.
Delaware Land & Historic Resource Conservation Tax Credit Before Limitation
$
_________________
50,000
4.
Maximum Amount of Credit
$
5.
Delaware Land & Historic Resource Conservation Credit. Enter the Smaller of Line 3 or Line 4.
$
_________________
STOP: IF THE TYPE OF ENTITY APPLYING FOR THE CREDIT IS:
• C CORPORATION – Enter the amount from Line 5 on Form 700, Delaware Income Tax Credit Schedule, Line 17(a).
• S CORPORATION – Multiply the amount on Line 5 by the percentage of stock owned by each shareholder. Enter the result on Form 700, Delaware Income
Tax Credit Schedule, Line 17(b).
• PARTNERSHIP – Multiply the amount on Line 5 by the percentage ownership of each partner. Enter the result on Form 700, Delaware Income Tax Credit
Schedule, Line 17(c).
• INDIVIDUAL & SOLE PROPRIETOR – Enter the amount from Line 5 on Form 700, Delaware Income Tax Credit Schedule, Line17(d).
• RESIDENT & NONRESIDENT ESTATES & TRUSTS – Multiply the amount on Line 5 by the percentage share of each beneficiary. Enter the result on Form
700, Delaware IncomeTax Credit Schedule, Line17(e).
• RESIDENT & NONRESIDENT DECEDENT ESTATES – Enter the amount from Line 5 on Form 700, Delaware Income Tax Credit Schedule, Line17(f).
THE TOTAL AMOUNT OF CREDITS APPROVED BY THE DIRECTOR WITH RESPECT TO ALL APPLICANTS FOR THE DELAWARE LAND & HISTORIC
RESOURCE CONSERVATION TAX CREDITS SHALL NOT EXCEED $1,000,000 IN ANY CALENDAR YEAR. IF THE AMOUNT OF DELAWARE LAND &
HISTORIC RESOURCE CONSERVATION TAX CREDITS FOR WHICH ALL TAXPAYERS APPLIED IN ANY CALENDAR YEAR EXCEEDS $1,000,000, THEN
THE DELAWARE LAND & HISTORIC RESOURCE CONSERVATION TAX CREDITS TO BE RECEIVED BY EACH APPLICANT SHALL BE THE PRODUCT OF
$1,000,000 MULTIPLIED BY A FRACTION, THE NUMERATOR OF WHICH IS THE ELIGIBLE DELAWARE LAND & HISTORIC RESOURCE CONSERVATION
TAX CREDIT APPLIED FOR BY THE APPLICANT AND THE DENOMINATOR IS THE TOTAL OF ALL ELIGIBLE DELAWARE LAND & HISTORIC RESOURCE
CONSERVATION TAX CREDITS APPLIED FOR BY ALL APPLICANTS.
NAME
TITLE
DATE
*DF41713019999*
Revised 12/31/13
GENERAL INSTRUCTIONS FOR COMPLETION OF
FORM 1801AC 0009
The Delaware State Historic Preservation Office must first approve the Delaware historic property. After receiving a Certificate of Completion from
the Delaware State Historic Preservation Office, Delaware Form 1811AC must be completed by the taxpayer and sent, along with the Certificate of
Completion, to the Delaware Division of Revenue for tax credit approval. After receiving tax credit approval from the Delaware Division of
Revenue, the approved amount of credit must be transferred to the appropriate line on Delaware Form 700. Delaware Forms 700 and 1811AC
must be attached to each annual income tax return approved for the credit. If you need assistance completing this form, please contact Steve
Seidel, Delaware Division of Revenue, 820 N. French Street, Wilmington, DE 19801, 302-577-8455, s
tephen.
seidel@state.de.us.
SPECIFIC INSTRUCTIONS
PART A - NAME AND ADDRESS OF APPLICANT
Line 1. Enter the Federal Employer Identification or Social Security Number of the person or entity applying for the credit and the tax year ending
date in which the credit is being claimed.
Line 2. Select the type of entity that is claiming the credit.
Line 3. Enter the name of the person or entity claiming the credit.
Line 4. Enter the address of the person or entity claiming the credit.
Line 5. Enter the location of the qualified historic property, if different from Line 3.
Line 6. Enter the name of the person responsible for completing Form 1811AC. Also include the telephone number, fax number and e-mail
address of the person.
PART B – COMPUTATION OF THE DELAWARE LAND & HISTORIC RESOURCE CONSERVATION TAX CREDIT
Line 1. Enter the fair the market value of the qualified land conveyed to a qualified conservation agency. Please attach a copy of the formal
appraisal of the qualified land. Please identify the qualified conservation agency to which the land is being conveyed.
Line 2. The percentage of the fair market value of the qualified land to be tax deductible.
Line 3. Multiply Line 1 by Line 2. This is the Delaware Land and Historic Resource Conservation tax credit before credit limitation.
Line 4. Maximum amount of credit.
Line 5. This is your Delaware Land and Historic Resource Conservation Tax Credit . Enter the smaller of Line 3 or Line 4.
STOP: IF THE TYPE OF ENTITY APPLYING FOR THE CREDIT IS:
• C CORPORATION – Enter the amount from Line 5 on Form 700, Delaware Income Tax Credit Schedule, Line 17(a).
• S CORPORATION – Multiply the amount on Line 5 by the percentage of stock owned by each shareholder. Enter the result
on Form 700, Delaware Income Tax Credit Schedule, Line 17(b).
• PARTNERSHIP – Multiply the amount on Line 5 by the percentage ownership of each partner. Enter the result on Form
700, Delaware Income Tax Credit Schedule, Line 17(c).
• INDIVIDUAL/SOLE PROPRIETOR: Enter the amount from Line 5 on Form 700, Delaware Business Tax Credit
Schedule, Line 17(d).
• RESIDENT & NONRESIDENT ESTATES & TRUSTS – Multiply the amount from Line 5 by the percentage share
of each beneficiary. Enter the result on Form 700, Delaware Income Tax Credit Schedule, Line 17(e).
• RESIDENT & NONRESIDENT DECEDENT ESTATES – Enter the amount from Line 5 on Form 700, Delaware
Income Tax Credit Schedule, Line 17(f).
THE TOTAL AMOUNT OF CREDITS APPROVED BY THE DIRECTOR WITH RESPECT TO ALL APPLICANTS FOR THE DELAWARE LAND &
HISTORIC RESOURCE CONSERVATION TAX CREDITS SHALL NOT EXCEED $1,000,000 IN ANY CALENDAR YEAR. IF THE AMOUNT OF
DELAWARE LAND & HISTORIC RESOURCE CONSERVATION TAX CREDITS FOR WHICH ALL TAXPAYERS APPLIED IN ANY CALENDAR
YEAR EXCEEDS $1,000,000, THEN THE DELAWARE LAND & HISTORIC RESOURCE CONSERVATION TAX CREDITS TO BE RECEIVED
BY EACH APPLICANT SHALL BE THE PRODUCT OF $1,000,000 MULTIPLIED BY A FRACTION, THE NUMERATOR OF WHICH IS THE
ELIGIBLE DELAWARE LAND & HISTORIC RESOURCE CONSERVATION TAX CREDIT APPLIED FOR BY THE APPLICANT AND THE
DENOMINATOR IS THE TOTAL OF ALL ELIGIBLE DELAWARE LAND & HISTORIC RESOURCE CONSERVATION TAX CREDITS APPLIED
FOR BY ALL APPLICANTS.
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