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Schedule B Corporation

Rev. 04.13

RECAPTURE OF CREDIT CLAIMED IN EXCESS,

20__

TAX CREDITS, AND

OTHER PAYMENTS AND WITHHOLDINGS

Taxable year beginning on ______________, ____ and ending on _____________, _____

Employer Identification Number

Taxpayer's Name

Recapture of Credit Claimed in Excess

Part I

Column A

Column B

Column C

Name of entity:

Employer identification No:

Credit for:

Tourism Development ..........................................................

.....................................................

Solid Waste Disposal ...........................................................

.....................................................

Capital Investment Fund ......................................................

.....................................................

Theatrical District of Santurce ................................................

.....................................................

Film Industry Development ...................................................

.....................................................

Housing Infrastructure ..........................................................

.....................................................

Construction or Rehabilitation of Rental Housing Projects for Low or

Moderate Income Families ..............................................

.....................................................

Acquisition of an Exempt Business that is in the Process of Closing

its Operations in Puerto Rico ..........................................

.....................................................

Conservation Easement ......................................................

.....................................................

Economic Incentives (Research and Development) ..................

.....................................................

Economic Incentives (Strategic Projects) ................................

.....................................................

Economic Incentives (Industrial Investment) ............................

.....................................................

Green Energy Incentives (Research and Development) ............

.....................................................

Other: _____________________________................................

.....................................................

Total credit claimed in excess ...................................................................................................................................................

(1)

Recapture of credit claimed in excess paid in previous year, if applicable .................................................................

(2)

Recapture of credit claimed in excess paid this year (Enter on Form 480.20,

Part III, line 13. See instructions) ..............................................................................................................................................

(3)

Excess of credit due next year, if applicable (Subtract lines 2 and 3 from line 1. See instructions) ..........................................

(4)

Part II

Tax Credits

(Do not include estimated tax payments. Refer to Part III of this Schedule)

Credit for taxes paid to the United States, its possessions and foreign countries (Schedule C Corporation,

Part III, line 6(b)) ..................................................................................................................................................................

(1)

Credit for increase in investment (See instructions) ...............................................................................................................

(2)

Credit attributable to losses or for investment in Capital Investment, Tourism or other funds (Submit Schedules Q and Q1) ..............

(3)

Credit for alternative minimum tax paid in previous years (See instructions)..........................................................................

(4)

Credit for the purchase of tax credits (Complete Part IV) (See instructions) ..........................................................................

(5)

Credit for investment on Film Industry Development:

1 Film Project and/or

2 Infrastructure Project (See instructions)

(6)

Credit for investment in Housing Infrastructure (See instructions) …...............................................................................……

(7)

Credit for investment in the Construction or Rehabilitation of Rental Housing Projects for Low or Moderate

Income Families (See instructions) ................................................................…..........................................................……..

(8)

Credit to investors in an exempt business that is in the process of closing its operations in Puerto Rico (See instructions) .............

(9)

10.

Credit for purchases of products manufactured in Puerto Rico and Puerto Rican agricultural products

(Schedule B1 Corporation, Part IV, line 8) .................................................................................................

(10)

11.

Credit for contributions to Santa Catalina's Palace Patronage (See instructions) ..............................................................

(11)

12.

Credit for the establishment of an eligible conservation easement or donation of eligible land (See instructions) ..................

(12)

13.

Credit for construction investment in urban centers (See instructions) ..................................................................................

(13)

14.

Credit for merchants affected by urban centers revitalization (See instructions) .....................................................................

(14)

15.

Exemption for persons that operate as publisher (See instructions) .......................................................................................

(15)

16.

Exemption for persons that operate as printer (See instructions) ...........................................................................................

(16)

17.

Exemption for persons that operate as bookseller (See instructions) .....................................................................................

(17)

18.

Credit for the 2006 Extraordinary Tax (See instructions) ......................................................................................................

(18)

19.

Credit for investment Act 73-2008 (See instructions) ......................................................................................................

(19)

20.

Credit for investment Act 83-2010 (See instructions) ...................................................................................................

(20)

21.

Credits carried from previous years (Submit detail) ...............................................................................................................

(21)

22.

Other credits not included on the preceding lines (Submit detail) (See instructions) ...............................................................

(22)

23.

Total Tax Credits (Add lines 1 through 22) ...........................................................................................................................

(23)

24.

Total tax determined (Form 480.20, Part III, line 12) ( Schedule B4 Corporation. See instructions) ................................

(24)

25.

Credit to be claimed (The smaller of line 23 or 24. Enter on Form 480.20, Part III, line 14) ................................

(25)

26.

Carryforward credits (Submit detail) .....................................................................................................................................

(26)

Retention Period: Ten (10) years