Form Dtf-622 - Claim For Qetc Capital Tax Credit - 1999 Page 2
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2DTF-622 (1999) (back)
Schedule B – Limitations of credit
Part I – Fifty percent limitation
15
15 Tax from Form CT-3, line 78, or Form CT-3-A, line 77 .....................................................................................
16 Multiply line 15 by 50% (.5) ..............................................................................................................................
16
Part II – Tax on minimum taxable income base/fixed dollar minimum limitation
17
17 Tax from Form CT-3, line 78, or Form CT-3-A, line 77 .....................................................................................
18
18 Enter other credits used
.........................................................................................................
(see instructions)
19
19 Balance of tax
.......................................................................................................
(subtract line 18 from line 17)
20 Tax on minimum taxable income base or fixed dollar minimum (Form CT-3, line 71 or line 74,
whichever is larger, or Form CT-3-A, line 71 or line 74, whichever is larger) ...............................................
20
21 Amount of credit needed to reduce tax to the minimum amount allowable. Subtract line 20 from
line 19. If your franchise tax on Form CT-3, line 78, or Form CT-3-A, line 77, is the tax on
minimum taxable income base or fixed dollar minimum, enter “0” on this line. ............................................
21
Schedule C – Computation of credit used, carried forward
22
22 Unused credit carried forward from preceding tax years
.......................................................
(see instructions)
23
23 Total credit computed for the current tax year
....................................................................
(add lines 7 and 14)
24
24 Total credit
........................................................................................................................
(add lines 22 and 23)
25
25 Recapture of credit: Enter amount from line 31
....................................................................
(see instructions)
26
26 Net credit
...............................................................................................................
(subtract line 25 from line 24)
27 Credit used
(enter the smaller of line 16, line 21, or line 26, here and on Form CT-3, line 100, or Form CT-3-A,
27
.........................................................................................................................................................
line 101)
28 Credit to be carried forward
..................................................................................
28
(subtract line 27 from line 26)
Schedule D – Recapture of credit
(see instructions)
Part I – Recapture of credit for qualified investments to be held four years
A
B
C
D
Tax year credit originally allowed
Amount of credit originally allowed
Recapture percentage Recapture of credit
(see instructions)
(column B × column C)
%
%
Attach additional sheets if necessary
29 Recapture of credit for qualified investments to be held four years
............................
29
(add column D amounts)
Part II – Recapture of credit for qualified investments to be held nine years
A
B
C
D
Tax year credit originally allowed
Amount of credit originally allowed
Recapture percentage Recapture of credit
(see instructions)
(column B × column C)
%
%
Attach additional sheets if necessary
30 Recapture of credit for qualified investments to be held nine years
............................
30
(add column D amounts)
31 Total recapture of credit
..............................................................
31
(add lines 29 and 30; enter here and on line 25)
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