Monthly Small Business Jobs Tax Credit Form

Step 2 (cont.)

Part B

100% Maximum Credit Calculation

Line 1 100% credit amount for each job (see STEP 2, Part B instructions) . . . . . . . . . . . . . . . . .

Line 2

Additional credit amount(s) (see STEP 2, Part B instructions). . . . . . . . . . . . . . . . . . . . .

Line 3 Credit amount for each job (Box iii) for Column J. Add Lines 1 and 2 . . . . . . . . . . . . . . .

Line 4 Average of net new jobs from Column J . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Line 5 Round Line 4 down to the nearest whole number. If the result is 1, enter 0 instead. . . . .

Line 6 Maximum 100% credit. Multiply Line 3 by Line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

50% Maximum Credit Calculation

Line 7 50% credit amount for each job (see STEP 2, Part B instructions). . . . . . . . . . . . . . . . . .

Line 8 Additional credit amount(s) (see STEP 2, Part B instructions) . . . . . . . . . . . . . . . . . . . . .

Line 9 Credit amount for each job (Box iii) for Column M. Add Lines 7 and 8 . . . . . . . . . . . . . . .

Line 10 Average of net new jobs from Column M . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10.

Line 11 Line 4 minus Line 5 (from the 100% Maximum Credit Calculation). . . . . . . . . . . . . . . . . .

11.

Line 12 Add Lines 10 and 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12.

Line 13 Round Line 12 down to the nearest whole number. If the result is 1 and the amount on

Line 5 is 0, enter 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13.

Line 14 Maximum 50% credit. Multiply Line 9 by Line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14.

STEP 3 - Determining the tentative credit

Part A

Line 1 Credit amount for each job in Column O (STEP 2, Part B, Line 3) . . . . . . . . . . . . . . . . . .

0.0833

Line 2 Multiplied by the monthly percentage (8.33%). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Line 3 Monthly 100% credit amount for each job (prorated) (Do not round) . . . . . . . . . . . .

Enter this amount in the box for the tentative 100% credit amount for each job in Column O.

Line 4 Credit amount for each job in Column S (STEP 2, Part B, Line 9). . . . . . . . . . . . . . . . . . .

0.0833

Line 5 Multiplied by the monthly percentage (8.33%). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Line 6 Monthly 50% credit amount for each job (prorated) (Do not round) . . . . . . . . . . . . .

Enter this amount in the box for the tentative 50% credit amount for each job in Part B, Column S.

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Monthly Small Business Jobs Tax Credit Form - 2006 Page 5