Schedule B Incentives - Recapture Of Credit Claimed In Excess - 2011

Schedule B Incentives

Rev. 03.11

RECAPTURE OF CREDIT CLAIMED IN EXCESS

20__

Taxable year beginning on _______________, _____ and ending on ______________, ______

Taxpayer's Name

Employer Identification Number

Part I

Recapture of Credit for Investment and for Donation of a Conservation Easement or Eligible Land Claimed in Excess

Column A

Column B

Column C

Name of entity:

Employer identification No:

Credit for:

Tourism Development ............................................................

......................................................

......................................................

1

1

1

Solid Waste Disposal ............................................................

......................................................

......................................................

2

2

2

Agricultural Incentives ............................................................

......................................................

......................................................

3

3

3

Capital Investment Fund ........................................................

......................................................

......................................................

4

4

4

Theatrical District of Santurce ..................................................

......................................................

......................................................

5

5

5

Film Industry Development .....................................................

......................................................

......................................................

6

6

6

Housing Infrastructure ...........................................................

......................................................

......................................................

7

7

7

Construction or Rehabilitation of Rental Housing Projects for Low or

Moderate Income Families .................................................

......................................................

......................................................

8

8

8

Acquisition of an Exempt Business that is in the Process of Closing

its Operations in Puerto Rico .............................................

......................................................

......................................................

9

9

9

Conservation Easement or Eligible Land .............................

......................................................

......................................................

10

10

10

Job Creation:

Act 73 of 2008

Act 83 of 2010 .............

......................................................

......................................................

11

11

11

Investment in Strategic Projects ..............................................

......................................................

......................................................

12

12

12

Investment in Machinery and Equipment ..................................

......................................................

......................................................

13

13

13

Reduce the Cost of Electric Power ..........................................

......................................................

......................................................

14

14

14

Industrial Investment .............................................................

......................................................

......................................................

15

15

15

Other: _____________________________.................................

......................................................

......................................................

16

16

16

Total credit claimed in excess ....................................................................................................................................................

1.

(1)

00

Recapture of credit claimed in excess paid in previous year, as applicable ...................................................

2.

(2)

00

Recapture of credit claimed in excess paid this year (Transfer to Schedule K Inc., Part I, line 11; Schedule O Inc.,

3.

Part II, line 8; Schedule V Inc., Part IV, line 3; Schedule W Inc., Part II, line 6; Schedule X Inc., Part V, line 3; or Schedule Y Inc.,

Part II, line 3, as applicable. See instructions) ............................................................................................................................

(3)

00

Excess of credit due next year, if applicable (Subtract lines 2 and 3 from line 1. See instructions) .............................................

4.

(4)

00

Part II

Breakdown of the Purchase of Tax Credits

B4

Check the block corresponding to the act (or acts) under which you acquired the credit and enter the amount:

00

1.

Tourism Development .......................................................................................................................................................

(1)

00

2.

Solid Waste Disposal ..........................................................................................................................................................

(2)

00

3.

Agricultural Incentives ........................................................................................................................................................

(3)

00

4.

Capital Investment Fund ....................................................................................................................................................

(4)

00

5.

Theatrical District of Santurce .............................................................................................................................................

(5)

00

6.

Film Industry Development ................................................................................................................................................

(6)

00

7.

Housing Infrastructure .......................................................................................................................................................

(7)

00

8.

Construction or Rehabilitation of Rental Housing Projects for Low or Moderate Income Families ........................................

(8)

00

9.

Acquisition of an Exempt Business that is in the Process of Closing its Operations in Puerto Rico ........................................

(9)

00

10.

Conservation Easement ...................................................................................................................................................

(10)

11.

00

Urban Centers Revitalization .............................................................................................................................................

(11)

12.

00

Economic Incentives (Research and Development) .........................................................................................................

(12)

13.

00

Economic Incentives (Strategic Projects) ..........................................................................................................................

(13)

14.

00

Economic Incentives (Industrial Investment) .....................................................................................................................

(14)

15.

00

Green Energy Incentives (Research and Development) .................................................................................................

(15)

16.

00

Other: ____________________________.......................................................................................................................

(16)

17. Total credit for the purchase of tax credits (Same as Schedule K Incentives, Part I, line 12(f)) ..................................................

00

(17)

Retention Period: Ten (10) years