Schedule B1 Corporation - Credit For Purchase Of Products Manufactured In Puerto Rico - 2013

Schedule B1 Corporation

CREDITS FOR PURCHASE OF PRODUCTS

MANUFACTURED IN PUERTO RICO

20__

Rev. 04.13

AND PUERTO RICAN AGRICULTURAL PRODUCTS

B1

Taxable year beginning on ____________ , _____ and ending on ___________ , _____

Taxpayer's Name

Employer Identification Number

Part I

Credit for Increase in Purchases of Puerto Rican Agricultural Products (Section 1051.07)

Contract Number

Purchases Increase

Percentage

Agricultural Production Group, Agricultural

Amount of Credit

Sector or Qualified Farmer

Department of Agriculture

Granted

00

00

00

00

00

00

1. Total credit for purchases of Puerto Rican agricultural products ....................................................................................................

(1)

00

2. Credit carried from previous years (Submit Schedule) ..........................................................................................................................

(2)

00

3. Total available credit under Section 1051.07 (Add lines 1 and 2. Complete Part IV) ..................................................................................

(3)

Part II

Credit for Purchase of Products Manufactured in Puerto Rico (Section 1051.09)

Manufacturing Business:

1 Yes

2 No

Exemption Decree:

3 Yes

4 No

Annual Sales Volume in excess of $5,000,000:

5 Yes

6 No

Eligible purchases of products manufactured in Puerto Rico:

¿Did you receive from the manufacturer a

Manufacturing Business

Employer Identification

Manufacturing Business

Purchases Value

certification establishing that the product

Number

Identification Number

is eligible?

Yes

No

00

Yes

No

00

Yes

No

00

Yes

No

00

Yes

No

00

Yes

No

00

1. Total aggregate purchases value .......................................................................................................................................

(1)

00

2. Aggregate purchases value of products manufactured in Puerto Rico during 3 of the 10 previous taxable years in which the sales were smaller:

Year:

Aggregate purchases value:

00

00

00

3.

Average of aggregate purchases value during the basis period ...........................................................................................................

00

(3)

4.

Purchases increase (Subtract line 3 from line 1) ...............................................................................................................................

00

(4)

5.

Total available credit under Section 1051.09 (Multiply line 4 by 10%. Transfer to Part III, line 3) .............................................................

00

(5)

Part III

Credit for Purchase of Products Manufactured in Puerto Rico (Processing of Tuna) (Section 1051.09)

Manufacturing Business:

1 Yes

2 No

Exemption Decree:

3 Yes

4 No

Annual Sales Volume in excess of $5,000,000:

5 Yes

6 No

Eligible purchases of Tuna products manufactured in Puerto Rico:

¿Did you receive from the manufacturer a

Employer Identification

Manufacturing Business

Manufacturing Business

Purchases Value

certification establishing that the product

Number

Identification Number

is eligible?

Yes

No

00

Yes

No

00

1.

00

Total aggregate purchases value .....................................................................................................................................

(1)

2.

Amount of credit (Multiply by líne 1 by 10%) ...................................................................................................................

00

(2)

3.

00

Credit for purchase of products manufactured in Puerto Rico (Part II, line 5) ...........................................................................................

(3)

4.

Credit carried from previous years (Submit Schedule) .....................................................................................................................

00

(4)

5.

Total available credit under Section 1051.09 (Add lines 2, 3 and 4. Transfer to Part IV, line 7) ................................

00

(5)

Part IV

Limitation of Credits for Purchases of Products Manufactured in PR and Puerto Rican Agricultural Products

00

1.

Tax determined (Form 480.20, Part III, line 12) ..................................................................................................................................

(1)

00

2.

Recapture of credit claimed in excess (Form 480.20, Part III, line 13) ...................................................................................................

(2)

00

3.

Alternative minimun tax (Form 480.20, Part III, line 16) ..........................................................................................................

(3)

00

4.

Branch profits tax (Form 480.20, Part III, line 17) ....................................................................................................................

(4)

00

5.

Total tax liability (Add lines 1 through 4) ....………..…………………............………...................…............................................................

(5)

00

6.

Limitation of 1051.07 and 1051.09 credits (Multiply line 5 by 25%) .....…….............................................................................................

(6)

00

7.

Available credit under Sections 1051.07 and 1051.09 (Add line 3 of Part I and line 5 of Part III) .…...........................................................

(7)

00

8.

Credit to be claimed under Sections 1051.07 and 1051.09 (Line 6 or 7, whichever is smaller. Transfer to Schedule B Corporation, Part II, line 10)

(8)

Retention Period: Ten (10) years