Form PA-40 (PA-41) Schedule OC "Other Credits" - Pennsylvania

What Is Form PA-40 (PA-41) Schedule OC?

This is a legal form that was released by the Pennsylvania Department of Revenue - a government authority operating within Pennsylvania.The document is a supplement to Form PA-40, Pa Schedule F - Farm Income and Expenses. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on August 1, 2019;
  • The latest edition provided by the Pennsylvania 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 fillable version of Form PA-40 (PA-41) Schedule OC by clicking the link below or browse more documents and templates provided by the Pennsylvania Department of Revenue.

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Download Form PA-40 (PA-41) Schedule OC "Other Credits" - Pennsylvania

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1903010054
PA SCHEDULE OC
Other Credits
PA-40/PA-41 OC (EX) 08-19 (FI)
20___
PA Department of Revenue
OFFICIAL USE ONLY
Name of the individual or fiduciary claiming the credit(s).
Identification Number
START
If you received more than one type of other (restricted) credit as an owner of a pass-through entity, that entity should have provided
you with a breakdown by credit type of the amounts of credits you are eligible to claim. Enter the amount from the breakdown statement
on the appropriate lines of this schedule. If all tax credits listed on this schedule are passed through to you from pass-through entities
and the amount on that schedule does not include a resident credit from another state, the total on Line 21 should equal the sum of
the amounts of Total Other Credits from Line 9 of your RK-1(s) or Line 7 of your NRK-1(s).
Credit
Awardee Tax
Description
Code
ID Number
1. PA Employment Incentive Payments Credit. . . . . . . . . . . . . . . . .
1.
2. PA Job Creation Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.
3. PA Research and Development Tax Credit. . . . . . . . . . . . . . . . .
3.
4. PA Film Production Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
5. PA Keystone Innovation Zone Tax Credit . . . . . . . . . . . . . . . . . .
5.
6. PA Resource Enhancement and Protection Tax Credit . . . . . . . .
6.
7. PA Neighborhood Assistance Program Tax Credit . . . . . . . . . . .
7.
8. PA Educational Improvement Tax Credit . . . . . . . . . . . . . . . . . . .
8.
9. PA Opportunity Scholarship Tax Credit . . . . . . . . . . . . . . . . . . . .
9.
10. Keystone Special Development Zone Tax Credit . . . . . . . . . . . .
10.
11. Historic Preservation Incentive Tax Credit . . . . . . . . . . . . . . . . . .
11.
12. PA Organ and Bone Marrow Donor Tax Credit . . . . . . . . . . . . . .
12.
13. PA Coal Refuse Energy and Reclamation Tax Credit . . . . . . . . .
13.
14. Mixed-Use Development Tax Credit . . . . . . . . . . . . . . . . . . . . . .
14.
15. Entertainment Economic Enhancement Program Tax Credit . . .
15.
16. Video Game Production Tax Credit . . . . . . . . . . . . . . . . . . . . . . .
16.
17. Waterfront Development Tax Credit . . . . . . . . . . . . . . . . . . . . . . .
17.
18. Manufacturing and Investment Tax Credit . . . . . . . . . . . . . . . . . .
18.
19. PA Resource Manufacturing Tax Credit . . . . . . . . . . . . . . . . . . . .
19.
20. Other restricted credits not listed above. Enter type:
.
20.
21. Total PA Other Credits. Add Lines 1 through 20. Enter the total here
0.00
and on Line 23 of Form PA-40 or Line 16 of Form PA-41. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21.
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1903010054
PA SCHEDULE OC
Other Credits
PA-40/PA-41 OC (EX) 08-19 (FI)
20___
PA Department of Revenue
OFFICIAL USE ONLY
Name of the individual or fiduciary claiming the credit(s).
Identification Number
START
If you received more than one type of other (restricted) credit as an owner of a pass-through entity, that entity should have provided
you with a breakdown by credit type of the amounts of credits you are eligible to claim. Enter the amount from the breakdown statement
on the appropriate lines of this schedule. If all tax credits listed on this schedule are passed through to you from pass-through entities
and the amount on that schedule does not include a resident credit from another state, the total on Line 21 should equal the sum of
the amounts of Total Other Credits from Line 9 of your RK-1(s) or Line 7 of your NRK-1(s).
Credit
Awardee Tax
Description
Code
ID Number
1. PA Employment Incentive Payments Credit. . . . . . . . . . . . . . . . .
1.
2. PA Job Creation Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2.
3. PA Research and Development Tax Credit. . . . . . . . . . . . . . . . .
3.
4. PA Film Production Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . .
4.
5. PA Keystone Innovation Zone Tax Credit . . . . . . . . . . . . . . . . . .
5.
6. PA Resource Enhancement and Protection Tax Credit . . . . . . . .
6.
7. PA Neighborhood Assistance Program Tax Credit . . . . . . . . . . .
7.
8. PA Educational Improvement Tax Credit . . . . . . . . . . . . . . . . . . .
8.
9. PA Opportunity Scholarship Tax Credit . . . . . . . . . . . . . . . . . . . .
9.
10. Keystone Special Development Zone Tax Credit . . . . . . . . . . . .
10.
11. Historic Preservation Incentive Tax Credit . . . . . . . . . . . . . . . . . .
11.
12. PA Organ and Bone Marrow Donor Tax Credit . . . . . . . . . . . . . .
12.
13. PA Coal Refuse Energy and Reclamation Tax Credit . . . . . . . . .
13.
14. Mixed-Use Development Tax Credit . . . . . . . . . . . . . . . . . . . . . .
14.
15. Entertainment Economic Enhancement Program Tax Credit . . .
15.
16. Video Game Production Tax Credit . . . . . . . . . . . . . . . . . . . . . . .
16.
17. Waterfront Development Tax Credit . . . . . . . . . . . . . . . . . . . . . . .
17.
18. Manufacturing and Investment Tax Credit . . . . . . . . . . . . . . . . . .
18.
19. PA Resource Manufacturing Tax Credit . . . . . . . . . . . . . . . . . . . .
19.
20. Other restricted credits not listed above. Enter type:
.
20.
21. Total PA Other Credits. Add Lines 1 through 20. Enter the total here
0.00
and on Line 23 of Form PA-40 or Line 16 of Form PA-41. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
21.
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Pennsylvania Department of Revenue
Instructions for PA-40/PA-41 Schedule OC
Other Credits
PA-40/PA-41 OC IN (EX) 08-19
• CO – for credits carried over from a prior year.
WHAT’S NEW
If more than one code applies for any line, submit a state-
Per Act 13 of 2019, the PA Resource Enhancement and Pro-
ment to describe the credit or credits you are claiming on
tection (REAP) Tax Credit may now be claimed on a PA-40,
this schedule.
Personal Income Tax return, using the Married, Filing Jointly,
Awardee Tax ID Number: If the business or farm that is
filing status. In addition, a REAP Tax Credit earned by the tax-
awarded the credit reports its income on PA Schedule C or
payer may offset the tax liability of the spouse and vice versa.
PA Schedule F, respectively, enter the SSN of the taxpayer
Per Act 16 of 2019, Educational Improvement Tax Credits and
who owns the business or farm in the Awardee Tax ID Num-
Opportunity Scholarship Tax Credits passed through to Qual-
ber column. If the credit is a purchased or assigned credit,
ified Subchapter S Trusts (QSSTs) may now be passed
enter the seller’s EIN or SSN in the Awardee Tax ID Number
through to the beneficiary of the QSST.
column. If the credit was passed through from a pass-
GENERAL INFORMATION
through entity, enter the EIN of the pass-through entity.
If an Educational Improvement Tax Credit (EITC) or Oppor-
Joint Filing of Returns Information: A taxpayer and/or
tunity Scholarship Tax Credit (OSTC) was passed through
spouse claiming the PA REAP Tax Credit on Line 6, the PA
by a pass-through entity to another pass-through entity,
Educational Improvement Tax Credit on Line 8 or the PA Op-
enter the EIN of the original pass-through entity that received
portunity Scholarship Tax Credit on Line 9 may file a joint
the credit before it was passed through by the next pass-
PA-40 return if one or both are claiming any one or each of
through entity. If an EITC or OSTC was passed through by
these three tax credits. In addition, the tax credits for Lines
a QSST to the beneficiary of the QSST, the beneficiary
6, 8 and 9 earned by the taxpayer may offset the tax liability
should enter the EIN of the original pass-through entity that
of the spouse and vice versa.
received the credit before it was passed through to the
IMPORTANT: A taxpayer and spouse must file sepa-
QSST.
rate PA-40 returns if one or both are claiming any of
the tax credits on Lines 1 through 5, Line 7 and/or Lines 10
IMPORTANT: If you are claiming credits from a pass-
through 20 of this schedule.
through entity of which you are an owner, verify with
the entity that it contacted the Bureau of Business Taxpayer
NOTE: To obtain additional information and detailed
Accounting, Account Maintenance Division (formerly known
instructions regarding the other (restricted) credits
as the Bureau of Corporation Taxes, Accounting Division),
claimed on this form,visit the department’s website at
to pass through the credit. Listing the amount of credit on
www.revenue.pa.gov.
the owner’s individual RK-1 or NRK-1 is not sufficient to pass
through the credit. Contact information for the Bureau of
FORM INSTRUCTIONS
Business Taxpayer Accounting, Account Maintenance Divi-
If you apply for and are awarded credits listed on this sched-
sion is on the credit award letter.
ule, enter the amount of each credit you are utilizing on the
CAUTION: If you received an Out-of State Credit
appropriate line. If you are a shareholder of a PA S corpora-
listed on Line 9, Other Credits, of PA Schedule RK-1,
tion or a partner in a partnership, enter your share of each
report that credit on PA-40 Schedule G-L, Resident Credit
credit from your PA Schedule RK-1 or PA Schedule NRK-1.
for Taxes Paid to Other States. See the instructions for PA-
CREDIT DESCRIPTION CODES
40 Schedule G-L and PA-20S/PA-65 Schedule OC for addi-
For each credit you are claiming, enter the Credit Description
tional information.
Code that applies to the credit. Choose from the following
LINE INSTRUCTIONS
codes:
• CY – for current year credits awarded directly to the
1. PA Employment Incentive Payments Credit
taxpayer;
See Note 1 on the next page.
• PT – for credits received from pass-though entities;
• PA – for credits purchased from or assigned by another
2. PA Job Creation Tax Credit
taxpayer; or
See Note 2 on the next page.
www.revenue.pa.gov
PA-40/PA-41 OC
1
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3. PA Research and Development Tax Credit
21. Total PA Other Credits
See Note 2 on the next page.
Add Lines 1 through 20. Enter the total here and on Line
23 of Form PA-40 or Line 16 of Form PA-41.
4. PA Film Production Tax Credit
See Note 2 below.
NOTE 1: If you have a previously awarded credit that
was unused and carried forward, enter the amount of
5. PA Keystone Innovation Zone Tax Credit
credit you are utilizing in the current tax year. Submit a com-
See Note 2 below.
pleted Schedule W with all required supporting documents.
6. PA Resource Enhancement and Protection Tax
NOTE 2: Enter the amount of the credit you are utiliz-
Credit
ing that was:
See Note 2 below.
• Awarded directly to you by the PA Department of Com-
7. PA Neighborhood Assistance Program Tax Credit
munity and Economic Development and/or PA Depart-
See Note 2 below.
ment of Revenue;
8. PA Educational Improvement Tax Credit
• Passed through to you by a pass-through entity (PA S
See Note 2 below.
corporation, partnership or limited liability company)
9. PA Opportunity Scholarship Tax Credit
that was included on Line 9 of PA Schedule RK-1 or
See Note 2 below.
Line 7 of PA Schedule NRK-1; or
• Purchased from, or assigned to you by, another tax-
10. Keystone Special Development Zone Tax Credit
See Note 2 below.
payer.
11. Historic Preservation Incentive Tax Credit
IMPORTANT: If utilizing a credit awarded directly to
See Note 2 below.
you, you must include a copy of the award certifica-
tion letter.
12. PA Organ and Bone Marrow Donor Tax Credit
See Note 2 below.
If utilizing a credit passed through to you by a pass-through
entity, a copy of Pages 1 and 2 of the award letter must be
13. PA Coal Refuse Energy and Reclamation Tax
Credit
sent to the Bureau of Business Taxpayer Accounting, Ac-
count Maintenance Division, by the pass-through entity prior
See Note 2 below.
to the filing of the pass-through entity return.
14. Mixed Use Development Tax Credit
See Note 2 below.
If utilizing a credit purchased from, or assigned to you by,
another taxpayer, you must include copies of the documen-
15. Entertainment Economic Enhancement Program
tation you received with respect to that purchase or assign-
Tax Credit
ment that supports the transfer of the credit to you.
See Note 2 below.
If utilizing a credit that was awarded to you in a previous
16. Video Game Production Tax Credit
tax year that was carried forward because it was not uti-
See Note 2 below.
lized, you must submit documentation of the original award
17. Waterfront Development Tax Credit
and a statement showing the amounts utilized in prior tax
See Note 2 below.
years.
18. Manufacturing and Investment Tax Credit
NOTE: A copy of the pass-through entity awardee doc-
See Note 2 below.
umentation provided to the Bureau of Business Tax-
19. PA Resource Manufacturing Tax Credit
payer Accounting, Account Maintenance Division may also
See Note 2 below.
be requested by the Bureau of Individual Taxes. To enable
more timely processing of your return, you may wish to also
20. Other restricted credits not listed above
provide the same documentation with your individual, estate
Restricted credits are tax credits which are included in
or trust return and the returns of all other pass-through entity
PA legislation and must be applied for with specific PA
owners claiming the credit(s). Social Security numbers on
agencies. If a restricted credit is not shown above, enter
the documentation should be redacted to the last four digits
the type of credit in the space provided and the amount
of the SSN if the information is provided to more than one
of credit received from the awarding PA government
agency.
pass-through entity owner.
2
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