Form 20c - Schedule Bc Business Credits - 2016

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SCHEDULE
160007BC
Alabama Department of Revenue
BC
2016
Business Credits
Reset Form
ATTACH TO FORM 20C
(FORM 20C)
ADOR
NAME(S) AS SHOWN ON FORM 20C
FEDERAL EMPLOYER IDENTIFICATION NUMBER
SECTION A
Current Tax Period Liability. Enter tax due from Form 20C, page 1, line 15 here and on Section C, Part A, Column 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SECTION B
CURRENT YEAR CREDITS
Part A — Alabama Enterprise Zone Act Credit
A1 CREDIT ALLOWABLE. Enter the amount of the Alabama Enterprise Zone credit available.
Enter here and on Section C, Part A, Column 3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A1
Part B — Basic Skills Education Credit. YOU MUST ATTACH YOUR APPROVED CERTIFICATION NOTICE ISSUED BY THE ALABAMA DEPARTMENT OF EDUCATION.
B1 Enter your assigned Department of Education Certification Number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B1
B2 Name of employer/firm sponsoring the education program
B3 Name of approved provider
Address of approved provider
B4 Were all participants for whom you are claiming a tax credit continuously employed by you for at least 16 weeks? .
Yes
No
B5 If the answer to line B4 is yes, did employee(s) work at least 24 hours each week?. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Yes
No
B6 If the answer to lines B4 and B5 above are yes, enter the total expenses available for credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . .
B6
B7 CREDIT ALLOWABLE. Multiply line B6 by 20% (.20). Enter here and on Section C, Part B, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B7
Part C — Income Tax Credit
C1 CREDIT ALLOWABLE. Enter the amount paid pursuant to the financing agreement, corresponding to debt service
on the project obligations. Enter here and on Section C, Part C, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
C1
Part D — Coal Credit.
D1 CREDIT ALLOWABLE. Enter the amount of coal credit allowable. Enter here and on Section C, Part D, Column 3 . . . . . . . . . . . . . . . . . . . .
D1
Part E — Full Employment Act of 2011 Credit
E1 Number of full time employees on 12-31-2015 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
E1
E2 Number of full time employees on 12-31-2014 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
E2
E3 Subtract line E2 from line E1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
E3
E4 Number of qualifying new employees from line E3 that completed their first 12 months service in 2016. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
E4
E5 CREDIT ALLOWABLE. Multiply line E4 by $1,000. Enter here and on Section C, Part E, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
E5
Part F — Alabama New Markets Development Credit
F1
CREDIT ALLOWABLE. Enter the amount from the Notice of Certification. Enter here and on Section C, Part F, Column 3 . . . . . . . . . . . . .
F1
Part G — Heroes For Hire Tax Credit Act. Employee Credit
G1 Number of recently deployed unemployed veterans included in Section B, Part E, line E4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
G1
G2 CREDIT ALLOWABLE. Multiply line G1 by $1,000. Enter here and on Section C, Part G, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
G2
Part H — Heroes For Hire Tax Credit Act. Business Start-up Expenses Credit
H1 Name
H2 Enter your business ID number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
H2
H3 Enter total amount of business start-up expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
H3
$2,000 00
H4 Maximum credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
H4
H5 CREDIT ALLOWABLE. Enter the lesser of line H3 or line H4. Enter here and on Section C, Part H, Column 3 . . . . . . . . . . . . . . . . . . . . . . .
H5

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