Form 3805z - Enterprise Zone Deduction And Credit Summary - 1998
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10YEAR
Enterprise Zone
CALIFORNIA FORM
1998
Deduction and Credit Summary
3805Z
Social security or California corporation number
Attach to your California tax return.
Name(s) as shown on return
FEIN
–
A. Check the appropriate box for your entity type:
Individual
Estate
Trust
C corporation
S corporation
Partnership
Exempt organization
Limited liability company
Limited liability partnership
B. Enter the name of the enterprise zone business:
C. Enter the address (actual location) where the enterprise zone business is conducted:
D. Enter the name of the enterprise zone in which the business and/or investment activity is located. See General Information C.
E. Principal Business Activity Code number of the enterprise zone business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter the 6-digit number from the Principal Business Activity Code Chart on pages 20 through 22. For the Long Beach
enterprise zone, enter the 4-digit Standard Industrial Classification (SIC) code number.
F. Total number of employees in the enterprise zone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
G. Number of employees included in the computation of the hiring credit, if claimed . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
H. Number of new employees included in the computation of the hiring credit, if claimed . . . . . . . . . . . . . . . . . . . . . . . . . .
I. Gross annual receipts of the business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
J. Total asset value of the business. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part I
Credits Used
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Hiring and sales or use tax credits claimed on the current year return:
a Hiring credit from Worksheet VII, line 8A, column (f) or line 10, column (f). . . . . . . . . . . . . . . . . . . . . . . . . . . . .
b Sales or use tax credit from Worksheet VII, line 9A, column (f) or line 11, column (f) . . . . . . . . . . . . . . . . . . . . . .
Add line 1a and line 1b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Note: To figure the amount of credits to carry over, complete Worksheet VII on Side 2.
Part II
Business Expense Deduction for Equipment Purchases
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Enter the cost of qualified property purchased for the enterprise zone that is being deducted as a current year
business expense from Worksheet III, Section A, line 5, column (b) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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ELECTION: The act of deducting a portion of the cost of any property as a current year expense rather than adding it to the capital account
constitutes an election to treat that property in accordance with R&TC Sections 17267.2 or 24356.7. That election may not be revoked except with
the written consent of the Franchise Tax Board (FTB).
Part III
Net Interest Deduction for Lenders
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Enter the amount of net interest received on loans to businesses located in the enterprise zone from
Worksheet IV, line 2, column (f) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Part IV
Net Operating Loss (NOL) Carryover and Deduction
4a Enter the enterprise zone NOL carryover from prior years from Worksheet VI, Section C, line 21, column (b) . . . . . . . . . .
4a
4b Enter the total enterprise zone NOL deduction used in the current year from Worksheet VI, Section C, line 21, column (c).
Enter this amount on Schedule CA (540 or 540NR), line 21e, column B; Form 100, line 20; Form 100S, line 19;
or Form 109, line 3 or line 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4b
4c Enter the enterprise zone NOL carryover to future years from Worksheet VI, Section C, line 21, column (e) . . . . . . . . . . .
4c
ELECTION: For those taxpayers eligible for an NOL carryover under R&TC Section 17276.2, 17276.4, 17276.5, 17276.6, 24416.2,
24416.4, 24416.5 or 24416.6, the act of claiming an NOL carryover on this form constitutes the irrevocable election to apply the loss
under R&TC Section 17276.2 or 24416.2, for taxpayers operating a trade or business within the enterprise zone. If you elect to carry over
an NOL under the enterprise zone provisions, you cannot carry over any other type and amount of NOL from this year.
Part V
Portion of Business Attributable to the Enterprise Zone
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Enter the average apportionment percentage of your business that is in the enterprise zone from Worksheet V,
Section A, line 4. If your operation is wholly within the enterprise zone, the average apportionment percentage
is 100% (1.00) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Part VI
Recapture of Deduction and Credits
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Enterprise zone recapture of hiring credit from Worksheet I, Section B, line 2, column (b) . . . . . . . . . . . . . . . . . . . . .
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Recapture of business expense deduction from Worksheet III, Section B, line 2, column (b) . . . . . . . . . . . . . . . . . . . .
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3805Z98109
FTB 3805Z 1998 Side 1
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