Monthly Small Business Jobs Tax Credit Form - 2006 Page 4

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STEP I (cont.)
Part C
Add the Monthly Averages of Columns C and Column G:
Line 1 Monthly average of new jobs > 120% (Column C, Block iii). (Enter 0 if the monthly
_
average in Column C is less than 2 and include Column C amounts in Column G)
Tourism industries and certain “qualifying service related facilities” are
required to create more than 2 jobs. See instructions for STEP 1, Part B. . . . . . . . . .
1.
Line 2 Monthly average of new jobs < 120% (Column G, Block iii). . . . . . . . . . . . . . . . . . . . . . . . .
2.
Line 3 Add lines 1 and 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3.
If the amount on Line 3 is less than 2, STOP. You do not qualify for the TC-4SM Small Business Monthly Job Tax Credit
for Tax Year 2006. Tourism industries and certain “qualifying service related facilities” are required to create more
than 2 jobs. See instructions for STEP 1, Part B.
STEP 2 – Determining the maximum credit
Part A
(I)
List
(H)
(J)
(K)
(L)
(M)
of months
Negative
Positive
Column H
Positive
Negative
Column K
in the
amount from
amount from
reduced by
amount from
amount from
reduced by
Tax Year
Column G
Column C
Column I
Column G
Column C
Column L
(Net new jobs
(Net new jobs
(Maximum
(Net new jobs
(Net new jobs
(Maximum
_ >
_
< 120%)
>
120%)
100% credit)
< 120%)
120%)
50% credit)
1
(
)
(
)
2
(
)
(
)
3
(
)
(
)
4
(
)
(
)
5
(
)
(
)
6
(
)
(
)
7
(
)
(
)
8
(
)
(
)
9
(
)
(
)
10
(
)
(
)
11
(
)
(
)
12
(
)
(
)
i. Total for
(
)
(
)
All Months
ii. Number of Months
÷
÷
in operation
iii. Average of net
=
=
new jobs
(Box i divided by
Box ii)
34354019

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