Form Tc-20 - Utah Corporation Franchise Or Income Tax Return - 2003 Page 4

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TC-20 B-D

Schedules B, C, and D

Rev. 2/03

Corporation Name

Taxable Year Ending

Employer Identification Number

Dec. 31, 2003

Schedule B - Additions to Unadjusted Income

(See instructions)

1. Interest from state obligations ............................................................................................................................. 1

2. (a) Income taxes paid to any state ................................................................................................................... 2(a)

(b) Franchise or privilege taxes paid to any state ............................................................................................ 2(b)

(c)

Corporate stock taxes paid to any state ...................................................................................................... 2(c)

(d) Any income, franchise or capital stock taxes imposed by a foreign country ................................................ 2(d)

(e) Business and occupation taxes paid to any state ....................................................................................... 2(e)

3. Safe harbor lease adjustments ........................................................................................................................... 3

4. Capital loss carryover ......................................................................................................................................... 4

5. Deductions taken previously on the Utah return ................................................................................................. 5

6. Federal charitable contributions from federal form 1120, line 19; or 1120-A, line 19 .......................................... 6

7. Gain/loss on IRC Sections 338(h)(10) or 336(e) ................................................................................................. 7

8. Adjustments due to basis difference ................................................................................................................... 8

9. Expenses attributable to 50 percent unitary foreign dividend exclusion .............................................................. 9

10. Installment sales income previously taken for federal, but not for Utah purposes .............................................. 10

11. Refund received from Utah Education Savings Plan .......................................................................................... 11

12. Income/loss from IRC Section 936 corporations ................................................................................................ 12

13. Foreign income/loss for "worldwide" combined filers .......................................................................................... 13

14. Income/loss of unitary corporations not included on the federal consolidated return ......................................... 14

15. Total additions (add lines 1 through 14) Enter here and on Schedule A, line 2. ................................................ 15

Schedule C - Subtractions from Unadjusted Income

(See instructions)

1. Intercompany dividend elimination (Caution: See "Instructions for Schedule C") ............................................... 1

2. Foreign dividend gross-up .................................................................................................................................. 2

3. Net capital loss .................................................................................................................................................... 3

4. (a) Salary expense related to federal jobs credit ............................................................................................. 4(a)

(b) Qualified and basic research expense related to federal R&D credit ......................................................... 4(b)

(c)

Qualified clinical testing expense related to federal orphan drug credit ..................................................... 4(c)

(d) Any decrease in any expense deduction for federal income tax purposes due to claiming

any other federal credit (attach schedule) ................................................................................................... 4(d)

5. Safe harbor lease adjustments ........................................................................................................................... 5

6. Income previously taxed by Utah ......................................................................................................................... 6

7. Fifty percent exclusion for dividends from unitary foreign subsidiaries .............................................................. 7

8. Fifty percent exclusion of "foreign operating company" income ........................................................................... 8

9. Gain or loss on stock sale not recognized for federal purposes (but included in unadjusted

income) when IRC Sections 338(h)(10) or 336(e) have been elected ................................................................ 9

10. Basis adjustments ............................................................................................................................................... 10

11. Interest expense not deducted on federal return under IRC Sections 265(b) or 291(e) ...................................... 11

12. Dividends received from insurance company subsidiaries that are taxed on their premiums ............................. 12

13. Payments made to the Utah Educational Savings Plan ...................................................................................... 13

14. Total subtractions (add lines 1 through 13) Enter here and on Schedule A, line 3. ........................................... 14

Schedule D - Utah Contributions Deduction

(See instructions)

1. Apportionable income before contributions (from Schedule A, line 6) ................................................................. 1

.10

2. Utah contribution limitation rate (decimal) ........................................................................................................... 2

3. Utah contribution limitation (multiply line 1 by line 2) If line 1 is a loss, no contribution is allowed. ..................... 3

4. Current year contribution ..................................................................................................................................... 4

5. Contributions deducted on federal form 1120, line 19; or 1120-A, line 19:

(a) Contributions to sheltered workshops claimed as a tax credit on Schedule A, line 16 (code 02) ................ 5(a)

(

) 00

(b) Deductions for higher technology equipment claimed as a tax credit on Schedule A, line 16 (code 14) ..... 5(b)

(

) 00

6. Utah contributions carryforward (attach schedule) ............................................................................................. 6

7. Total available contributions deduction (subtract lines 5(a) and 5(b) from line 4 and add line 6) ........................ 7

8. Utah allowed contributions deduction (lesser of line 3 or line 7) Enter here and on Schedule A, line 7. ............. 8

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