Montana Form Rsch Draft - Increase Research And Development Activities Credit - 2011

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MONTANA

Clear Form

RSCH

Rev 04 11

2011 Increase Research and Development Activities Credit

15-31-150, MCA

For tax year beginning

and ending

M M D D Y Y Y Y

Name (as it appears on your Montana tax return)

Social Security

Federal Employer

Number

Identiﬁ cation Number

If this credit is passed through to you from a partnership or S corporation, enter the entity’s name, FEIN and your

percentage of ownership in the entity.

Name ___________________________________ FEIN

Percentage ______________ %

Part I. Credit Calculation for Basic Research Payments. See instructions.

1. Basic research costs that you paid or the expenses that you incurred to qualiﬁ ed

organizations for basic research conducted in Montana. ..................................................................... 1. ____________

2. Qualiﬁ ed organization base period amount. ........................................................................................ 2. ____________

3. Subtract line 2 from line 1 and enter the result. If less than zero, enter zero. ...................................... 3. ____________

Part II. Credit Calculation for Qualiﬁ ed Research Expenses. See instructions.

4. Enter the wages that you paid for qualiﬁ ed services conducted in Montana (do not include wages

used to compute the work opportunity credit). ..................................................................................... 4. ____________

5. Enter the cost of your supplies used for research activities in Montana. ............................................. 5. ____________

6. Enter the cost of your rental or lease of computers used for research activities in Montana. .............. 6. ____________

7. Enter the applicable percentage of your contract research expenses incurred in Montana. ............... 7. ____________

8. Total qualiﬁ ed research expenses. Add lines 4 through 7 and enter the result. ................................... 8. ____________

9. Fixed-base percentage, but not more than 16%. ................................................................................. 9. ____________

10. Enter the average Montana annual gross receipts. ........................................................................... 10. ____________

11. To determine your base amount, multiply line 10 by the percentage on line 9 and enter the result. . 11. ____________

12. Subtract line 11 from line 8 and enter the result. ............................................................................... 12. ____________

13. Multiply the amount on line 8 by 50% (0.50). ..................................................................................... 13. ____________

14. Enter the smaller of line 12 or 13. ...................................................................................................... 14. ____________

Part III. Total Research and Development Tax Credit. See instructions.

15. Enter the total of lines 3 and 14. ........................................................................................................ 15. ____________

16. Multiply line 15 by 5% (0.05) and enter the result. ............................................................................. 16. ____________

17. Enter the research and development tax credit that you carried forward from a prior year and

attach the schedule. ........................................................................................................................... 17. ____________

18. Add lines 16 and 17 and enter the result. This is your total available research and

development activities credit. ......................................................................................................... 18. ____________

Where to Report Your Credit

►Individuals: Form 2, Schedule V

►S corporations: Form CLT-4S, Schedule II

►C corporations: Form CLT-4, Schedule C

►Partnerships: Form PR-1, Schedule II

If you ﬁ le your Montana tax return electronically, you do not need to mail this form to us unless we ask you for a copy. When you ﬁ le electronically, you

represent that you have retained the required documents in your tax records and will provide them upon the department’s request.

*11JE0101*