Form Ri 2441 - Computation Of Daycare Assistance And Development Tax Credit
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1RI 2441
2002
STATE OF RHODE ISLAND - DIVISION OF TAXATION
COMPUTATION OF DAYCARE ASSISTANCE AND DEVELOPMENT TAX CREDIT
YEAR ENDED ___________________ 20 ______
_______________________________________
__________________________________________
Federal Employer Identification No.
Name
____________________________________________________________________________________________
Address
City/Town
State
Zip Code
------------------------------------------------------------------------------------------------------------------------------------------------
SECTION I PURCHASED DAYCARE
R.I. Daycare Lic/Cert # ________________
1.
Actual sum of money spent
$ ____________
2.
Credit = Line 1 x 30%
____________
3.
Credit Available = Line 2 or $30,000 (Whichever is less )
____________
SECTION II TAXPAYER’S DAYCARE FACILITY
R.I. Daycare Lic/Cert #
______________
4.
(a) Actual sum of money spent
______________
(b) Federal tax basis for realty or tangible
personalty dedicated/donated
______________
(c) Total = Line 4 (a) + 4 (b)
___________
5.
Credit = Line 4 (c) x 30%
___________
SECTION III DAYCARE FACILITY ESTABLISHED/
OPERATED WITH OTHERS
R.I. Daycare Lic/Cert #
______________
6.
(a) Actual sum of money spent
_______________
(b) Federal tax basis for realty or tangible
personalty dedicated/donated
_______________
(c) Total = Lines 6 (a) + 6 (b)
___________
7.
Credit = Lines 6 (c) x 30%
___________
SECTION IV RENTALS/LEASES FOREGONE
R.I. Daycare Lic/Cert # _______________
8.
Total amo unt foregone in rent/lease payments for the
above -licensed facility [attach documents]
______________
9.
Credit = Line 8 x 30%
__________
SECTION V CREDIT COMPUTATION: CORPORATIONS
10.
(a) Tax from appropriate Line of RI 1120, T-71, T-72 or T-74
______________
(b) Minimum tax as applicable
250.00
11.
Available offset = Line 10 (a) - 10(b) or $30,000 (whichever is less)
__________
12.
Total = Line 3 + 5 + 7 + 9
__________
13.
Maximum credit = Line 12 or $30,000 (whichever is less)
__________
14.
Purchased daycare credit applied = Line 11 or Line 3 (whichever is less)
__________
15.
Line 13 - Line 14 (not less than zero)
__________
16.
Remaining credit usable = Line 11 - Line 14
__________
17.
Credits carried forward from prior years (list years)
__________
18.
Total = Line 15 + Line 17 (not more than $30,000)
__________
19.
Credit applied = Line 16 or Line 18 (whichever is less)
__________
20.
Summary deduction = Line 14 + Line 19 (Carry to appropriate line on Form 1120,
T-71, T-72 or T-74)
__________
TAXPAYERS MUST PROVIDE A RI DAYCARE LICENSE NUMBER OR CERTIFICATION NUMBER R.I. CHIDCARE
FACILITIES MUST AGREE TO ACCEPT CHILDREN WHOSE CHILD
CARE SERVICES ARE PAID FOR IN FULL OR IN PART BY
THE RHODE ISLAND DEPARTMENT OF HUMAN SERVICES.
DOCUMENTATION FOR CREDIT MUST BE ATTACHED TO THIS RETURN
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