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Part I
Tentative Minimum Tax (TMT) and Alternative Minimum Tax (AMT) Computation (continued)
7 TMT. Add line 15 and line 16 from Side 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
8 Regular tax before credits. Enter amount from Form 100W, line 24. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
9 AMT. Subtract line 18 from line 17. If zero or less, enter -0-. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
Part II Credits that Reduce Tax
Regular tax from Form 100W, line 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 Tentative minimum tax (before credits) from Part I, line 17 (but not less than the minimum franchise tax, if applicable) . . . . .
2
(a)
(c)
(b)
(d)
Credit
Credit used
Tax balance that
Credit
amount
this year
may be offset
carryover
Section A – Credits that reduce excess regular tax.
by credits
3 Subtract line 2 from line 1. If zero or less, enter -0- and see instructions.
This is your excess regular tax which may be offset by credits . . . . . . . . . . . . . . .
3
A1 Credits that reduce excess regular tax and have no carryover provisions.
4 Code: 162 Prison inmate labor credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
A2 Credits that reduce excess regular tax and have carryover provisions.
See instructions.
5 Code: ___ ___ ___ Credit Name: ______________________________________
5
6 Code: ___ ___ ___ Credit Name: ______________________________________
6
7 Code: ___ ___ ___ Credit Name: ______________________________________
7
8 Code: ___ ___ ___ Credit Name: ______________________________________
8
9 Code: 188 Credit for prior year alternative minimum tax from Part III, line 3 . . .
9
Section B – Credits that may reduce regular tax below
tentative minimum tax.
0 If Part II, line 3 is zero, enter the amount from line 1 minus the minimum
franchise tax if applicable. If line 3 is more than zero, enter the total of Part II,
line 2, minus the minimum franchise tax if applicable plus line 9, column (c)
or the last entry in column (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
0
B Credits that reduce net tax and have carryover provisions.
See instructions.
Code: ___ ___ ___ Credit Name: ______________________________________
2 Code: ___ ___ ___ Credit Name: ______________________________________
2
3 Code: ___ ___ ___ Credit Name: ______________________________________
3
4 Code: ___ ___ ___ Credit Name: ______________________________________
4
Section C – Credits that may reduce alternative minimum tax.
5 Enter your alternative minimum tax from Part I, line 19. . . . . . . . . . . . . . . . . . . . .
5
6 Code: 180 Solar energy credit carryover from Section B, column (d) . . . . . . . . .
6
7 Code: 181 Commercial solar energy credit carryover from
Section B, column (d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8 Adjusted AMT. Enter the balance from line 17, column (c) here and on
Form 100W, line 30 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
Part III Credit for Prior Year AMT
Enter the alternative minimum tax from the 2005 Schedule P (100W), Part I, line 19. See instructions . . . . . . . . . . . . . . . . .
2 Carryover of unused credit for prior year alternative minimum tax. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Total available credit. Add line 1 and line 2. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Side 2 Schedule P (100W) 2006
7962063