Schedule Aatc - Alabama Accountability Tax Credit - 2014 Page 2
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2Schedule AATC (2014)
140008AA
Page 2
PART II
ALABAMA DEPARTMENT OF REVENUE
Credit for Contributing to Scholarship Granting Organization
1 Name of Scholarship Granting Organization:
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2 Address of Scholarship Granting Organization:
3 Amount contributed for scholarship(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
•
4
4 Enter amount from Schedule NTC, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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5
5 Multiply line 4 by 50% (.50). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$7,500 00
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6 Maximum credit allowable for current year contribution . . . . . . . . . . . . . . . .
6
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7
7 Credit allowable. Enter the lesser of line 3 or line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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PART III
ALABAMA DEPARTMENT OF REVENUE
Scholarship Contribution Credit Application
1 Enter carryforward amount from tax year ___________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
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2
2 Enter amount from Part II, line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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3
3 Amount of credit applied. Enter lesser of line 1 or line 2 . . . . . . . . . . . . . . . .
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4 Unused tax liability limitation. Subtract line 3 from line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
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5
5 Carryforward amount. Subtract line 3 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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6 Enter carryforward amount from tax year ___________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
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7
7 Enter amount from line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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8
8 Amount of credit applied. Enter the lesser of line 6 or line 7. . . . . . . . . . . . .
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9 Unused tax liability limitation. Subtract line 8 from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
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10 Carryforward amount. Subtract line 8 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
•
11 Enter carryforward amount from tax year ___________ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
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12 Enter amount from line 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12
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13
13 Amount of credit applied. Enter the lesser of line 11 or line 12 . . . . . . . . . . .
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14
14 Unused tax liability limitation. Subtract line 13 from line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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15 Carryforward amount. Subtract line 13 from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
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16
16 Enter amount from Part II, line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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17 Enter amount from line 14. If no carryforward credits enter amount from Part II, line 5. . . . . . . . . . . . . . . . . . . . . .
17
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18 Amount of credit applied. Enter lesser of line 16 or line 17 . . . . . . . . . . . . . .
18
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19
19 Carryforward amount. Subtract line 18 from line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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20 Total credit(s) applied. Add line 3, line 8, line 13, and line 18.
20
Enter here and on Schedule NTC, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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DOR
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