Form 41a720verb Draft - Schedule Verb - Voluntary Environmental Remediation Tax Credit 2007
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1*0700010229*
SCHEDULE VERB
41A720VERB (10-07)
Commonwealth of Kentucky
V
E
OLUNTARY
NVIRONMENTAL
DEPARTMENT OF REVENUE
R
T
C
EMEDIATION
AX
REDIT
➤ See instructions.
(Brownfield)
➤ Attach to Form 720, 720S, 725, 740, 740NP, 741, 765 or 765-GP.
KRS 141.418
Name of Business
Identification Number
—
Taxed as:
Corporation
Limited Liability Pass-through Entity
Kentucky Corporation/LLET Account Number
General Partnership
Individual
Other _____________________________________________
Location of Remediation Property
County Location
PART I—Computation of Allowable Tax Credit
1. Date certified ........................................................................................................... 1
/
/
2. Certified remediation expenditures (not to exceed $150,000) .............................. 2
3. Maximum allowable credit per tax year (line 2 multiplied by 25% (.25)) ............ 3
PART II—Current Year Credit
1. LLET Credit—Enter on Schedule TCS, Part II, Column E ...................................... 1
2. Corporation Income Tax Credit—Enter on Schedule TCS, Part II, Column F ...... 2
3. Individual Income Tax Credit—Enter on Form 740, Form 740-NP or Form 741 .. 3
PART III—Amount of Credit Claimed
A
B
C
Tax Year Credit Taken
Balance of VERB
Amount of Credit Used
(Month/Year)
LLET
Income
LLET
Income
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