California Form 3501 - Employer Childcare Program/ Contribution Credit - 2010 Page 2
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2Part II Employer Childcare Contribution Credit. Read the instructions before completing this part.
(a)
(b)
(c)
(d)
(e)
Name of employee’s
Contribution amount
30% (.30) of column (b),
Number of weeks of
Credit amount,
dependent
but not more than $360
care ÷ 42, but not
Column (c) x column (d)
more than 100%
_____________________
$ _____________________
$ _____________________
____________________%
$ _____________________
_____________________
_____________________
_____________________
____________________
_____________________
_____________________
_____________________
_____________________
____________________
_____________________
2 Pass-through credit from Schedule K-1 (100S, 541, 565, or 568) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
00
3 Total current year credits. Add amounts in line 1, column (e), and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . 3
00
4 S corporations only: Enter (.333) of the amount on line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
00
5 Credit carryover from 2009. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
00
6 Total available credit. S corporations: Add line 4 and line 5
All others: Add line 3 and line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
00
7a Amount of credit claimed on the current year tax return.
(Do not include any assigned credit claimed on form FTB 3544A.)
See General Information, Part II, D, Limitations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7a
00
7b Total credit assigned to other corporations within combined reporting group from
form FTB 3544, column (g). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7b
00
8 Credit carryover available for future years. Add line 7a and line 7b, subtract the result from line 6 . . . . . . 8
00
What’s New
Limited Liability Company Return of Income.
FTB Pub. 737, Tax Information for Registered
Show the pass-through credit for each
Domestic Partners.
Assigned Credit Claimed by Assignee – For
shareholder, beneficiary, partner, or member
The Employer Childcare Program Credit and
taxable years beginning on or after January 1,
on Schedule K-1 (100S, 541, 565, or 568),
the Employer Childcare Contribution Credit will
2010, California Revenue and Taxation Code
Share of Income, Deductions, Credits, etc.
be available until January 1, 2012.
(R&TC) Section 23663 allows an eligible
Part I — Employer Childcare
assignee to claim assigned credits, received
A Purpose
this taxable year or carryover from prior years,
Program Credit
Use form FTB 3501, Employer Childcare
against its tax liabilities. R&TC Section 23663
Program/Contribution Credit, to figure a credit
allows assignor to assign an eligible credit to
B Description
if you are an employer and have established or
eligible assignee for taxable years beginning
contributed to a qualified employee childcare
You may claim a credit of 30% (.30) of
on or after July 1, 2008. For more information,
program, constructed a childcare facility in
costs you paid or incurred for establishing a
get form FTB 3544A, List of Assigned Credit
California, or contributed to California childcare
Received and/or Claimed by Assignee, and
childcare program, or constructing a childcare
information and referral services. See R&TC
form FTB 3544, Election to Assign Credit
facility in California for use primarily by the
Sections 17052.17, 17052.18, 23617, and
Within Combined Reporting Group. Also, go to
children of your employees, the children of
23617.5 for more information.
your tenants’ employees, or both.
ftb.ca.gov and search for credit assignment.
Pass-Through Entities
Two or more employers (other than a husband
General Information
and wife or RDPs) who share in the costs
Also, use form FTB 3501 to figure any
eligible for the credit may claim the credit
New Job Credit – For taxable years beginning
recapture of the employer childcare program
on or after January 1, 2009, a new jobs credit
in proportion to the respective share of the
credit and to claim pass-through employer
will be allowed to qualified employers in the
costs they paid or incurred. When a husband
childcare program/contribution credits you
amount of $3,000 for each qualified full-time
and wife or RDPs file separate returns, either
received from S corporations, estates or trusts,
spouse/RDP may claim the credit or each may
employee hired during the taxable year. For
partnerships, or limited liability companies
more information ftb.ca.gov and search for
claim half (50%) of the credit.
(LLCs) classified as partnerships.
new jobs or get FTB 3527, New jobs Credit.
S corporations, estates or trusts, partnerships,
C Qualifications
Registered Domestic Partners (RDPs) – For
and LLCs classified as partnerships should
Childcare Program Startup
purposes of California income tax, references
complete form FTB 3501 to figure the credit to
to a spouse, husband, or wife also refer to a
pass through to shareholders, beneficiaries,
You may claim this credit if you paid or
RDP, unless otherwise specified. When we use
partners, or members. Attach this form to
incurred costs for the startup expenses
the initials RDP they refer to both a California
Form 100S, California S Corporation Franchise
of establishing a childcare program or
registered domestic “partner” and a California
or Income Tax Return; Form 541, California
constructing childcare facilities in California,
registered domestic “partnership,” as
Fiduciary Income Tax Return; Form 565,
and you either:
applicable. For more information on RDPs, get
Partnership Return of Income; or Form 568,
• Are an employer.
Side 2 FTB 3501 2010
7232103
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