Form 720 - Schedule Ezc - Enterprise Zone Tax Credit

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*0700020225*
Taxable Year Ending
SCHEDULE EZC
_ _
_ _
/
41A720EZC (10-07)
Mo.
Yr.
Commonwealth of Kentucky
DEPARTMENT OF REVENUE
➤ See instructions.
E
Z
T
C
NTERPRISE
ONE
AX
REDIT
➤ Attach to Form 720 or Form 720S.
KRS 154.45
Name of Corporation
Federal Identification Number
Kentucky Corporation/LLET Account Number
_ _
_ _ _ _ _ _ _
__ __ __ __ __ __
Enterprise Zone Certificate Number ➤
1.
Computation of credit on current year wages
Total of Amounts Entered in
Columns (D) and (E) for Each Employee
B. Employee
Cannot Exceed $15,000
A. Employee Name and
C. Date
F. Credit—
Certification
Social Security Number
Employed
10% of Column E
D. Prior Year(s)
E. Current Year
Number
Eligible Wages, if Any
Eligible Wages
2.
Total credit on current year wages (add amounts in Column F) .............................................................. 2
3.
Credit carryover from prior year(s):
(a) Carryover from fifth preceding year ................................................................ 3(a)
(b) Carryover from fourth preceding year ............................................................. (b)
(c) Carryover from third preceding year ............................................................... (c)
(d) Carryover from second preceding year ........................................................... (d)
(e) Carryover from first preceding year ................................................................ (e)
(f) Total credit carryover from prior year(s) (add lines 3(a) through 3(e)) ........................................... 3(f)
4.
Total credit available (add lines 2 and 3(f)) ................................................................................................. 4
5.
LLET credit claimed this year (enter here and on Schedule TCS, Part II, Column E) ............................. 5
6.
Corporation income tax credit claimed this year (enter here and on Schedule TCS, Part II,
Column F) ........................................................................................................................................................ 6

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