Montana Form Fpc - 2009 Film Production Credit
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3MONTANA
FPC
Clear Form
Rev. 10-09
2009 Film Production Credit
15-31-901 through 15-31-911, MCA
Name (as it appears on your tax return) ___________________________________________________________
Your Social Security Number or Federal Employer Identifi cation Number _________________________________
If this credit is passed through to you from a partnership or S corporation, enter the name of the partnership or S
corporation, FEIN and your percentage of ownership in the partnership or S corporation.
Name ______________________________________FEIN ________________ Percent of Ownership _______ %
Your Film Certifi cation Number issued by the Montana Department of Commerce __________________________
Employment Production Credit
1.
Enter your 2009 employment production credit from Schedule I,
Column E, line 19 here. This is your employment production credit. ........................1. _________________
Employment Production Credit Election: The taxpayer can make a one-time election to claim the
employment production credit as follows:
• the credit may be refunded, or
• the credit may be applied against the 2009 corporate license or the individual income tax liability with
the unused credit carried forward for the four succeeding tax years.
The election can only be made by a C corporation, sole proprietor fi ling a federal Schedule C, a shareholder
of an S corporation, partner of a partnership or member of a limited liability company. This election cannot be
made by a pass-through entity, only by the owners of the entity.
Check the box below for your election.
Carryover Credit
Refundable Credit
Qualifi ed Expenditures Credit
2.
Enter your 2009 qualifi ed expenditures credit from Schedule II, Column D, line 23 here.
This is your qualifi ed expenditures credit. .................................................................2. _________________
The qualifi ed expenditures credit portion of your fi lm production credit must be refunded for tax year 2009 if your tax
liability is less than the amount of the credit.
Total Film Production Credit
3.
Add lines 1 and 2 and enter the result here. This is your total fi lm production
credit...............................................................................................................................3. _________________
►You are required to complete a separate Form FPC for each qualifying production for which you are applying for
the production credit.
Where to Report Your Credit
Individuals or Estates and Trusts
C corporations
If you have elected to carryover your employment
If you are a C corporation, transfer the amounts to Form
production credit, transfer the amount on line 1 to Form 2,
CLT-4, Schedule C.
Schedule V, line 22; or Form FID-3, Schedule G, line 21.
S corporations or Partnerships
If you have elected to have your employment production
If you are an S corporation, transfer the amounts to
credit refunded, transfer the amount on line 1 to Form 2,
Form CLT-4S, Schedule II. If you are a partnership,
Schedule V, line 26; or Form FID-3, Schedule G, line 24.
transfer the amounts to Form PR-1, Schedule II.
Transfer the qualifi ed expenditures credit on line 2 to
Form 2, Schedule V, line 27; or Form FID-3, Schedule G,
line 25.
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