Part III Credits that Reduce Tax Note: Be sure to attach your credit forms to Form 540.
Enter the amount from Form 540, line 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
_____________________
00
2 Enter the tentative minimum tax from Side 1, Part II, line 24. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 _____________________
00
*
(c)
(b)
(a)
(d)
Tax balance that
Credit
Credit used
Credit
may be offset
amount
this year
carryover
Section A – Credits that reduce excess tax .
by credits
3 Subtract line 2 from line 1. If zero or less enter -0- and see instructions.
This is your excess tax which may be offset by credits . . . . . . . . . . . . . . . . . . . . . .
3
A1 Credits that reduce excess tax and have no carryover provisions .
4 Code: 162 Prison inmate labor credit (FTB 3507) . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Code: 169 Enterprise zone employee credit (FTB 3553). . . . . . . . . . . . . . . . . . . . . .
5
6 Code: 219 New Home Credit (FTB 3528-A) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
A2 Credits that reduce excess tax and have carryover provisions . See instructions .
7 Code: ____ ____ ____ Credit Name: ____________________________________ 7
8 Code: ____ ____ ____ Credit Name: ____________________________________ 8
9 Code: ____ ____ ____ Credit Name: ____________________________________ 9
0 Code: ____ ____ ____ Credit Name: ____________________________________0
Code: 188 Credit for prior year alternative minimum tax . . . . . . . . . . . . . . . . . . . . . .
Section B – Credits that may reduce tax below tentative minimum tax .
2 If Part III, line 3 is zero, enter the amount from line 1. If line 3 is more than
zero, enter the total of line 2 and the last entry in column (c). . . . . . . . . . . . . . . . . . 2
B1 Credits that reduce net tax and have no carryover provisions .
3 Code: 170 Credit for joint custody head of household . . . . . . . . . . . . . . . . . . . . . .
3
4 Code: 173 Credit for dependent parent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Code: 163 Credit for senior head of household . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Nonrefundable renter’s credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
B2 Credits that reduce net tax and have carryover provisions . See instructions .
7 Code: ____ ____ ____ Credit Name: ___________________________________ 7
8 Code: ____ ____ ____ Credit Name: ___________________________________ 8
9 Code: ____ ____ ____ Credit Name: ___________________________________ 9
20 Code: ____ ____ ____ Credit Name: ___________________________________ 20
B3 Other state tax credit .
2 Code: 187 Other state tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Section C – Credits that may reduce alternative minimum tax .
22 Enter your alternative minimum tax from Side 1, Part II, line 26 . . . . . . . . . . . . . .
22
23 Code: 180 Solar energy credit carryover from Section B2, column (d) . . . . . . . . .
23
24 Code: 181 Commercial solar energy credit carryover from Section B2, column (d) 24
25 Adjusted AMT. Enter the balance from line 24, column (c) here
and on Form 540, line 61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
*
If the taxpayer is subject to the business tax credit limitation, the total of the business credits in Part III, Column (b) cannot exceed 50% of the amount
reported on Part III, Line 1.
Side 2 Schedule P (540) 2009
7972093