Montana Form Fpc - 2012 Film Production Credit
ADVERTISEMENT
1
2
3
4
51
1
2
1 2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
84
85
3
3
MONTANA
4
4
FPC
5
5
Rev 02 12
6
6
2012 Film Production Credit
7
7
8
15-31-901 through 15-31-911, MCA
8
9
9
Name (as it appears on your Montana tax return)
10
10
11
11
12
12
Social Security
Federal Employer
-
-
-
X X X X X X X X X
X X X X X X X X X
13
OR
13
Number
Identification Number
14
14
If this credit is passed through to you from a partnership or S corporation, enter the entity’s name, FEIN and the
15
15
percentage used to report the partnership or S corporation’s income or loss for Montana income tax purposes.
16
16
17
17
-
Name ____________________________________ FEIN
Percentage ___________ %
18
18
Film Certification Number issued by the Montana Department of Commerce ___________________________________
19
19
20
20
Employment Production Credit
21
21
1.
Enter your 2012 employment production credit from Schedule I,
22
22
Column E, line 19 here. This is your employment production credit. .............................. 1. __________________
23
23
Employment Production Credit Election: The taxpayer can make a one-time election to claim the employment
24
24
production credit as follows:
25
25
• the credit may be refunded, or
26
26
27
27
• the credit may be applied against the 2012 tax liability with any unused credit carried forward for the four
28
28
succeeding tax years.
29
29
If the production company is a C corporation, sole proprietorship, or a limited liability company taxed as a C
30
30
corporation, the election is made by the production company. If the production company is an S corporation, a
31
31
partnership, or a limited liability company taxed as an S corporation or partnership, the election is made by each of
32
32
the shareholders, partners or members for their share of the credit, and not by the entity.
33
33
Mark X the box below for your election.
34
34
35
q Carryover Credit
q Refundable Credit
35
36
36
Qualified Expenditures Credit
37
37
2.
Enter your 2012 qualified expenditures credit from Schedule II, Column D, line 23 here.
38
38
This is your qualified expenditures credit. ........................................................................ 2. __________________
39
39
40
The qualified expenditures credit portion of your film production credit is required to be refunded for tax year 2012 if your
40
tax liability is less than the amount of the credit. If you are claiming the Qualified Expenditures Credit, a corporate officer,
41
41
partner or member is required to certify that all Montana vendors were paid in full.
42
42
43
43
Certification Statement
44
44
I, ____________________________________________ , certify under penalty of false swearing, as provided in 15-31-
45
45
908(2)(b), MCA, that each Montana vendor has been paid in full for all goods and services purchased in connection with
46
46
the state-certified production.
47
47
48
___________________
______________________________________________________
48
Date
Signature of Corporate Officer, Partner, or Member
49
49
50
50
______________________________________________________
51
51
Printed Name and Title
52
52
53
Total Film Production Credit
53
54
54
3.
Add lines 1 and 2. This is your total film production credit. ............................................. 3. __________________
55
55
►You are required to complete a separate Form FPC for each qualifying production for which you are applying for the
56
56
production credit.
57
57
58
58
Where to Report Your Credit
59
59
► Individuals: Form 2, Schedule V
► S corporations: Form CLT-4S, Schedule II
60
60
► C corporations: Form CLT-4, Schedule C
► Partnerships: Form PR-1, Schedule II
61
61
62
*12HU0101*
62
63
63
64
64
*12HU0101*
65
1
2
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
8485
66
66
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial