Schedule Ara - Alabama Renewal Act Credit - Alabama Department Of Revenue

S HEDULE

160017AR

ARA

2 16

Alabama Department of Revenue

Alabama Renewal Act Credit

NAME(S) AS SHOWN ON TAX RETURN

PRIMARY SOCIAL SECURITY NO.

SPOUSE SOCIAL SECURITY NO.

Part I – Alabama Renewal Act – Port Credit

Company Name ______________________________________________________________________________________________

Company Address ____________________________________________________________________________________________

____________________________________________________________________________________________________________

Department of Commerce Qualifying Project Number _________________________________________________________________

FEIN or SSN of Qualifying Project ________________________________________________________________________________

•

1. Port Credit amount certified or Pro Rata share from Schedule K-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Enter Tax Due from Schedule NTC, line 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

•

3. Enter the lessor of line 1 or line 2. Enter this amount on Schedule NTC, line 20 . . . . . . . . . . . . . . . . .

4. Amount of Port Credit carryforward. Subtract line 3 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If equal to zero, you have no remaining credit carryforward.

Part II – Reserved for Future Use

Part III – Alabama Renewal Act – Growing Alabama Credit

Name of Local Economic Development Organization (LEDO) ___________________________________________________________

Address of Local Economic Development Organization ________________________________________________________________

____________________________________________________________________________________________________________

•

1. Amount(s) contributed to above organization this year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2. Enter amount from Schedule NTC, line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. Multiply line 2 by 50% (.50) and enter amount here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. CREDIT ALLOWABLE: Enter the lessor of line 1 or line 3.

•

Enter here and on Schedule NTC, line 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Amount of Growing Alabama Credit carryforward. Subtract line 4 from line 1 . . . . . . . . . . . . . . . . . . . .

If equal to zero, you have no remaining credit carryforward.

Part IV – Reserved for Future Use

Schedule Ara - Alabama Renewal Act Credit - Alabama Department Of Revenue - 2016