Form 3501 - Employer Childcare Program/contribution Credit - 2006 Page 2
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Part II Employer Childcare Contribution Credit. Read the instructions before completing this part.
(a)
(b)
(c)
(d)
(e)
Name of employee’s
Contribution amount
30% of column (b), but
Number of weeks of
Credit amount,
dependent
not more than $360
care ÷ 42, but not
column (c) x column (d)
more than 100%
____________________ $ _____________________ $ ____________________
____________________ % $ _____________________
____________________ ______________________ _____________________
____________________
______________________
2 Pass-through credit(s) from Schedule(s) K-1 (100S, 541, 565, or 568) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Total current year credits. Add amounts in line 1, column (e), and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 S corporations only: Enter 1/3 of the amount on line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5 Credit carryover from prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Total available credit. S corporations: Add line 4 and line 5
All others: Add line 3 and line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Amount of credit claimed on the current year tax return.
See General Information, Part II, D, Limitations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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8 Credit carryover available for future years. Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Information and Referral Services
General Information
Part I — Employer Childcare
Program Credit
You may also claim a credit for contributions
The Employer Childcare Program Credit and
to California childcare information and referral
the Employer Childcare Contribution Credit are
services that:
A Description
extended to taxable years beginning before
• Identify local childcare services,
January 1, 2012.
You may claim a credit of 30% of costs you
• Offer information describing these
paid or incurred for establishing a childcare
Purpose
resources to employees; and
program, or constructing a childcare facility in
• Refer employees to childcare services
Use form FTB 3501 to figure a credit if you
California for use primarily by the children of
where there are vacancies.
are an employer and have established or
your employees, the children of your tenants’
contributed to a qualified employee childcare
If two or more employers establish a childcare
employees, or both.
facility, the credit is allowable if the facility
program, constructed a childcare facility in
Two or more employers (other than a husband
is to be used primarily by the children of the
California, or contributed to California childcare
and wife) who share in the costs eligible for
employees of each of the employers or the
information and referral services.
the credit may claim the credit in proportion
children of the employees of tenants of each of
Also, use form FTB 3501 to figure any
to the respective share of the costs they paid
the taxpayers, or both.
recapture of the employer childcare program
or incurred. When a husband and wife file
credit and to claim pass-through employer
Note: An owner of a commercial building in
separate returns, either spouse may claim the
childcare program/contribution credits you
California, who is required by local ordinance
credit or each may claim half (50%) of the
to provide a childcare facility, is not allowed
received from S corporations, estates or trusts,
credit.
to take a credit for the startup expenses
partnerships, or limited liability companies
B Qualifications
of establishing a childcare program or
(LLCs) classified as partnerships.
constructing a childcare facility.
S corporations, estates or trusts, partnerships,
Childcare Program Startup
and LLCs classified as partnerships should
C Definition of Startup
You may claim this credit if you paid or
complete form FTB 3501 to figure the credit to
incurred costs for the startup expenses
Expenses
pass through to shareholders, beneficiaries,
of establishing a childcare program or
partners, or members. Attach this form to
Startup expenses include, but are not limited
constructing childcare facilities in California,
Form 100S, Form 541, Form 565, or Form 568.
to:
and you either:
Show the pass-through credit for each
• Feasibility studies,
• Are an employer, or
shareholder, beneficiary, partner, or member
• Site preparation, and
• Own commercial or office space that you
on Schedule K-1 (100S, 541, 565, or 568).
• Construction, renovation, or acquisition
lease to an employer.
of facilities for purposes of establishing
or expanding on-site or near-site centers
by one or more employers, or one or
more building owners leasing space to
employers.
Side 2 FTB 3501 2006
7232063
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