F-1193 - Application For Florida Renewable Energy Production Credit Allocation Form Page 4
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4F-1193
N. 01/08
Page 4 of 4
Consolidated Return Filing Information
Only Florida corporate income taxpayers, as defined in
section 220.03(1)(z), Florida Statutes, are eligible for an
Complete this section if a consolidated Florida corporate
allocation of this credit. Applicants who are not Florida
income/franchise and emergency excise tax return
corporate income taxpayers will be denied an allocation
(F-1120) will be filed for the tax year. Provide the
by the Department of Revenue within 15 days of receipt
name of the parent of the consolidated group and its
of the application by letter to the address supplied
federal employer identification number (“FEIN”). This
on the application. Generally speaking, individuals,
information will facilitate processing of the consolidated
proprietorships, partnerships, and limited liability
return by allowing the Department to associate the credit
companies taxable as partnerships, are excluded from
allocation with the related Florida corporate income tax
the definition of a Florida corporate income taxpayer. A
return.
transfer by an ineligible person does not create a right to
Florida Renewable Energy Facility Information
a corporate income tax credit.
Provide the address of the Florida renewable energy
Claiming the Credit. For a calendar year taxpayer,
facility that produces and sells the electricity qualifying
the credit will be claimed on the Florida corporate
for this corporate income tax credit. A separate
income tax return for the tax year ending the previous
application is required for each facility owned by the
December 31st, which return is generally due by the
taxpayer. A facility is a building or a group of buildings
1st of April of the following year. Taxpayers with a tax
in close proximity to each other that work together in
year ending other than on December 31st will claim the
the production of electricity from renewable sources.
credit in the tax year that began in the previous calendar
List the names, addresses, and the amount of electricity
year. For example, a taxpayer with a tax year beginning
(kilowatt-hours) sold to third parties that is generated
the 1st of April and ending on the 31st of March, who
from renewable energy sources. A separate schedule
submits an application on or before February 1, 2008,
detailing this information may be attached to the
will receive a credit allocation based upon the amount of
application if necessary.
electricity reported as produced and sold to an unrelated
New Facility Information
party during calendar year 2007. Assuming this taxpayer
Check the New Facility box if the basis for the credit is
meets all the statutory requirements to claim the credit,
a renewable energy facility initially placed in service after
the credit may be claimed on the Florida corporate
May 1, 2006. Provide the kilowatt-hours produced by
income tax return for the tax year April 1, 2007 through
the facility from renewable sources and sold to unrelated
March 31, 2008, which is due on July 1, 2008. The letter
parties during the 2007 calendar year.
we send indicating the amount of the tax credit that is
allocated will also indicate the tax year in which it may
Expanded Facility Information
be claimed.
Check the Expanded Facility box if the credit is for
a renewable energy facility that has been expanded
Substantiation of the Credit. Documentary evidence
to increase its electrical production. The renewable
that substantiates and supports this credit must be
energy production credit is based upon the increase in
retained by a taxpayer and may be requested at a later
electrical production sold to unrelated parties in 2007
date by the Department of Revenue in order to verify
over the 2005 calendar year, subject to the requirement
the credit. Documentation includes, but is not limited
that the increase in production and sales is more than
to, sales invoices or other evidence of the amount of
five percent above the facility’s electrical production and
electricity produced and sold, evidence of the increase in
sales during the 2005 calendar year.
production and sales of electricity over the 2005 calendar
year in the case of an expanded facility, evidence
Complete lines 1 through 8 to calculate the number of
establishing that the electricity was sold to an unrelated
kilowatt-hours upon which the credit allocation will be
party, and evidence establishing that the electricity was
based for an expanded Renewable Energy Production
produced from renewable energy.
facility.
Affidavit Information
Instructions for Completing the Application
An officer of the corporation or other authorized person
Taxpayer Information
must sign the application under oath. Applications must
Please provide the corporation name, federal employer
be complete in order to qualify for an allocation of credit.
identification number (FEIN), address, and taxpayer
Additional Information
contact name, telephone number and e-mail address.
To learn more about transfers of the credit or to submit a
Provide the beginning and ending dates of the
notice of intent to transfer, see Form F-1193T and the
applicant’s tax year. The credit is available annually for
accompanying instructions, or go to the Department of
tax years beginning on or after January 1, 2007, and
Revenue’s Internet site at
is based upon increases in electricity produced from
and click on the
renewable sources which is sold to unrelated parties
transfer energy tax credits link.
between January 1, 2007 and December 31, 2010.
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