Form Fpc - Film Production Credit - 2008
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3MONTANA
FPC
Clear Form
Rev. 11-08
2008 Film Production Credit
15-31-901 through 15-31-911, MCA
Name (as it appears on your tax return) _______________________________________________________
Your Social Security Number or Federal Employer Identifi cation Number _____________________________
If this credit is passed through to you from a partnership or S corporation, enter the name of the partnership or
S corporation, FEIN and your percentage of ownership in the partnership or S corporation.
Name ____________________________________ FEIN _______________ Percent of Ownership ______ %
Your Film Certifi cation Number issued by the Montana Department of Commerce ______________________
►
You are required to complete a separate Form FPC for each qualifying production for which you are
applying for the fi lm production credit.
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If you are completing Form FPC as a C corporation, S corporation, partnership, limited liability company or
sole proprietor fi ling federal Schedule C, you are required to complete the information above and below, and
Schedules I and II.
Film Production Credit
1.
Enter your 2008 employment production credit from Schedule I,
Column E, line 19 here. This is your employment production credit. .................1. ________________
Complete the following election only if you are a C corporation, sole proprietor fi ling federal Schedule C,
or a shareholder of an S corporation, partner of a partnership or member of a limited liability company.
Employment Production Credit Election: You can make a one-time election to claim your employment
production credit as either a refundable carryover credit that is applied against your 2008 corporate
license or individual income tax liability with the unused credit carried forward four succeeding tax years,
or you may elect to have your credit refunded to you for tax year 2008. Check the box below for your
election.
Refundable Carryover Credit
Refundable Credit
2.
Enter your 2008 qualifi ed expenditure credit from Schedule II, line 23
here. This is your qualifi ed expenditure credit. ...................................................2. ________________
3.
Add lines 1 and 2 and enter the result here. This is your total fi lm production
credit. .......................................................................................................................3. ________________
The qualifi ed expenditure credit portion of your fi lm production credit must be refunded for tax year 2008 if your
tax liability is less than the amount of the credit.
Where to Report Your Credit
Individuals
C corporations, S corporations, or Partnerships
If you have elected to treat your employment
If you are a C corporation, transfer the amount on line
production credit as a carryover credit, transfer the
3 to Form CLT-4, Schedule C.
amount on line 3 to Form 2, Schedule V, line 22. If you
If you are an S corporation, transfer the amount on
have elected to treat this credit as a refundable credit,
line 3 to Form CLT-4S, Schedule II.
transfer the amount on line 1 to Form 2, Schedule
If you are a partnership, transfer the amount on line 3
V, line 26. Transfer the amount on line 2 to Form 2,
to Form PR-1, Schedule II.
Schedule V, line 27.
168
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