California Schedule P (100w) - Attach To Form 100w - Alternative Minimum Tax And Credit Limitations - Water'S-Edge Filers - 2007 Page 2

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Part I Tentative Minimum Tax (TMT) and Alternative Minimum Tax (AMT) Computation (continued)

7 TMT. Add line 15 and line 16 from Side 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

8 Regular tax before credits. Enter amount from Form 100W, line 24 or Form 109, line 7. See instructions . . . . . . . . . . . . . . . . . 8

9 AMT. Subtract line 18 from line 17. If zero or less, enter -0-. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Part II Credits that Reduce Tax

Regular tax from Form 100W, line 24 or Form 109, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Tentative minimum tax (before credits) from Part I, line 17 (but not less than the minimum franchise tax, if applicable) . . . . .

(a)

(b)

(c)

(d)

Credit amount

Tax balance that

Credit used this

Credit

year

may be offset by

carryover

Section A – Credits that reduce excess regular tax.

credits

3 Subtract line 2 from line 1. If zero or less, enter -0- and see instructions.

This is your excess regular tax which may be offset by credits . . . . . . . . . . . . . . .

A1 Credits that reduce excess regular tax and have no carryover provisions.

4 Code: 162 Prison inmate labor credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A2 Credits that reduce excess regular tax and have carryover provisions.

See instructions.

5 Code: ___ ___ ___ Credit Name: ______________________________________

6 Code: ___ ___ ___ Credit Name: ______________________________________

7 Code: ___ ___ ___ Credit Name: ______________________________________

8 Code: ___ ___ ___ Credit Name: ______________________________________

9 Code: 188 Credit for prior year alternative minimum tax from Part III, line 3 . . .

Section B – Credits that may reduce regular tax below

tentative minimum tax.

0 If Part II, line 3 is zero, enter the amount from line 1 minus the minimum

franchise tax, if applicable. If line 3 is more than zero, enter the total of Part II,

line 2, minus the minimum franchise tax, if applicable, plus line 9, column (c) or

the last entry in column (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B Credits that reduce net tax and have carryover provisions.

See instructions.

Code: ___ ___ ___ Credit Name: ______________________________________

2 Code: ___ ___ ___ Credit Name: ______________________________________

3 Code: ___ ___ ___ Credit Name: ______________________________________

4 Code: ___ ___ ___ Credit Name: ______________________________________

Section C – Credits that may reduce alternative minimum tax.

5 Enter your alternative minimum tax from Part I, line 19. . . . . . . . . . . . . . . . . . . . .

6 Code: 180 Solar energy credit carryover from Section B, column (d) . . . . . . . . .

7 Code: 181 Commercial solar energy credit carryover from

Section B, column (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 Adjusted AMT. Enter the balance from line 17, column (c) here and on

Form 100W, line 30 or Form 109, Side 1, line 19 . . . . . . . . . . . . . . . . . . . . . . . . . .

Part III Credit for Prior Year AMT

Enter the alternative minimum tax from the 2006 Schedule P (100W), Part I, line 19. See instructions . . . . . . . . . . . . . . . . . .

2 Carryover of unused credit for prior year alternative minimum tax. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Total available credit. Add line 1 and line 2. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Side 2 Schedule P (100W) 2007

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