Schedule Oc (Form 40 Or 40nr) - Other Available Credits - Alabama Department Of Revenue - 2005

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RESET FORM

SCHEDULE

LABAMA

EPARTMENT OF

EVENUE

2005

Other Available Credits

ATTACH TO FORM 40 OR 40NR

(FORM 40 OR 40NR)

Name(s) as shown on Form 40 or 40NR

Your social security number

PART A – Credit For Taxes Paid To Other States

NOTE: CR Credits are NOT allowable for Nonresidents

1 CREDIT ALLOWABLE. Enter the amount from Schedule CR, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART B – Basic Skills Education Credit

Attach this schedule to your Alabama return along with a copy of your approved certification notice issued by the Alabama

Department of Education. Enter your assigned Department of Education Certification Number _________________________________.

1 Name of employer/firm sponsoring the education program ___________________________________________________________.

2 Name of approved provider _____________________________________________ Location ______________________________.

3 Were all participants for whom you are claiming a tax credit continuously employed by you for at least 16 weeks?

Yes

4 If the answer to line 3 is yes, did employee(s) work at least 24 hours each week?

Yes

5 If the answer to lines 3 and 4 above is yes, enter the total expenses available for credit

0 00

(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Total maximum credit available. Multiply line 5 by 20% (.20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

0 00

7 Tax due Alabama from Form 40, page 1, line 18, or Form 40NR, page 1, line 20a. . . . . . . . . . . . . .

8 CREDIT ALLOWABLE. Enter the amount from line 6 or 7, whichever is smaller . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART C – Rural Physician Credit

1 Name of hospital and community where you live and provide medical services ___________________________________________

_____________________________________________________________________________.

2 Tax due Alabama from Form 40, page 1, line 18, or Form 40NR, page 1, line 20a. . . . . . . . . . . . . .

3 Maximum Rural Physician Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$5,000 00

4 CREDIT ALLOWABLE. Enter the amount from line 2 or 3, whichever is smaller . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART D – Coal Credit

1 CREDIT ALLOWABLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART E – Alabama Enterprise Zone Act Credit

1 Enter amount from Schedule EZK1, Part II, page 2, line 13, or Schedule EZ, Part IV, page 2, line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART F – Capital Credit

You must attach Form K-RCC to your Alabama return.

1 Enter your Project Number assigned by the Alabama Department of Revenue . . . . . . . . . . . . . . . . .

2 Name of project entity entitled to the Capital Credit _________________________________________________________________.

3 Enter tax due from Form 40, page 1, line 18, or Form 40NR, page 1, line 20a . . . . . . . . . . . . . . . . .

4 Less credits:

a. CR Credit. Enter amount from Schedule OC, Part A, line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

b. Basic Skills Education Credit. Enter amount from Schedule OC, Part B, line 8 . . . . . . . . . . . .

c. Rural Physician Credit. Enter amount from Schedule OC, Part C, line 4 . . . . . . . . . . . . . . . . . .

d. Coal Credit. Enter amount from Schedule OC, Part D, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

e. Enterprise Zone Act Credit. Enter amount from Schedule OC, Part E, line 1 . . . . . . . . . . . . . .

5 Total all credits other than Capital Credit. Add 4a, 4b, 4c, 4d, and 4e . . . . . . . . . . . . . . . . . . . . . . . . .

6 Tax due before Capital Credit. If line 3 is larger than line 5, subtract line 5 from line 3, and enter

the difference on line 6. If line 3 is smaller than line 5, enter zero on line 6 . . . . . . . . . . . . . . . . . . . .

7 Enter Capital Credit available from Schedule K-RCC, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 CAPITAL CREDIT ALLOWABLE. Enter the lesser of line 6 or 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART G – Summary

1 TOTAL CREDITS ALLOWABLE. Add Part A, line 1, Part B, line 8, Part C, line 4, Part D, line 1,

Part E, line 1 and Part F, line 8. Enter the total here and on Form 40, page 1, line 19 for residents or

Form 40NR, page 1, line 20b for nonresidents, and check the appropriate box(es). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Schedule OC 2005