Form F-1193t - Instructions For The Notice Of Intent To Transfer Florida Renewable Energy Production Tax Credit

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F-1193T
Instructions for the Notice of Intent to
N. 01/08
Page 2
Transfer Florida Renewable Energy Production Tax Credit
Section 220.193, Florida Statutes (F.S.)
Section 220.193, F.S., provides that Florida Renewable Energy Production
includes, but is not limited to, a schedule tracking the credit amounts
tax credits may be transferred, subject to certain requirements and rules.
allocated to the transferor and the use of such credits by the transferor
A Form F-1193T must be filed with the Department of Revenue which
through the date of transfer.
contains information regarding each transfer before a transferee may claim
Line by Line Instructions for Completing the Application
this credit.
Transferor Information
Taxpayers that paid $20,000 or more in Florida corporate income tax in the
Please provide the corporation name, federal employer identification
prior state fiscal year must submit this notice online via the Department’s
number (FEIN), address, and taxpayer contact name, telephone number
Internet site at by clicking on “e-Services”
and e-mail address.
and then on “Transfer Energy Tax Credit”. Once you have submitted
the requested information on the Form F-1193T, a confirmation screen
Provide the beginning and ending dates of the tax year the allocated or
with a confirmation number will appear. This screen will also display the
transferred credit was originally approved for.
information entered and confirm receipt of the electronic submission. You
If known, enter the confirmation number received when the allocation
can print this screen or simply record the confirmation number to prove
of the Florida renewable energy credit was applied for on the Department
that you submitted a notification.
of Revenue’s internet site or the confirmation number received when the
Taxpayers that paid less than $20,000 in Florida corporate income tax
transfer notification was submitted.
in the prior state fiscal year are encouraged to submit this notice online.
Enter the Original amount of credit allocated by the Department of
However, these taxpayers may submit the notice by completing and
Revenue for the Florida renewable energy production tax credit or the
mailing Form F-1193T to:
transferred amount in the case of a previous transfer to the transferor as a
Return Reconciliation – CIT Energy Credit Transfer
result of a merger or acquisition.
Florida Department of Revenue
Provide the amount of credit that was claimed on any Florida corporate
5050 W Tennessee St Bldg F
income tax return by the transferor.
Tallahassee FL 32399-0100
Provide the tax year(s) in which the credit amount above was claimed or
The Department of Revenue will send written certification to the transferor
transferred.
and transferee regarding the amount of the tax credit transferred within
fifteen days after receipt of a completed electronic or paper notice. A
Provide the amount of unused credit.
copy of the letter from the Department certifying the amount of the credit
Provide the amount of the credit to be transferred.
transferred must be attached to the tax return on which the transferred tax
credit is claimed by the transferee.
Consolidated Return Filing Information
Complete this section if the transferor is included is a consolidated Florida
If you wish to transfer the Florida renewable energy production tax credit:
corporate income/franchise and emergency excise tax return (F-1120) for
You must submit this notice (Form F-1193T);
the tax year. Provide the name of the parent of the consolidated group
and its federal employer identification number (“FEIN”).
The transferor must have received a letter from the Department of
Revenue granting an allocation of a tax credit amount or a transferred
Transferee or Assignee Information
amount in the case of a prior transfer as a result of a merger or
Please provide the corporation name, federal employer identification
acquisition;
number (FEIN), address, and taxpayer contact name, telephone number
The credit amount to be transferred must not have been claimed on
and e-mail address.
any tax return filed with the Department of Revenue; and
Transferee’s Tax Year
The credit amount to be transferred must be the whole amount of any
Provide the beginning and ending dates of the transferee’s tax year in
unused credit or no less than 25 percent of the unused credit except
which the credit will be claimed against the Florida corporate income tax.
in the case of a transfer as a result of a merger or acquisition.
The effective date of the transfer must be within this tax year.
Only one transfer is allowed unless the additional transfer is the result
The transferred credit must be used in the same manner and with the
of a merger or acquisition. You must be in receipt of the letter from the
same limitations as the originally awarded or allocated tax credit. If the
Department certifying the amount of credit transferred in order for the
effective date of the transfer is in a tax year subsequent to the date the tax
transfer to be valid.
credit was originally allocated it will be considered a credit carry forward.
The renewable energy production tax credit (220.193, F.S.) may be carried
The entity acquiring the credit allocation (transferee) may use it in the same
forward for five (5) years from the date of the original allocation of the tax
manner and with the same limitations as the transferor. The credit may
credit.
only be taken against the Florida corporate income tax, may not be carried
back to an earlier tax year, and must be taken in the order described in
Consolidated Return Filing Information
s. 220.02(8), F.S. In order to prevent a double tax benefit, a taxpayer
Complete this section if the transferee is included is a consolidated Florida
claiming the credit on its Florida corporate income tax return must add
corporate income/franchise and emergency excise tax return (F-1120) for
back the amount of the credit to Florida net income. A transfer by an
the tax year. Provide the name of the parent of the consolidated group
ineligible person does not create a right to a corporate income tax credit.
and its federal employer identification number (“FEIN”). This information
will facilitate processing of the Florida consolidated return by allowing
Documentary evidence that substantiates and supports this credit must
the Department to associate the credit allocation with the related Florida
be retained by a taxpayer and may be requested at a later date by the
corporate income tax return.
Department of Revenue in order to verify the credit. Documentation

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