Form 20c - Schedule Bc Business Credits - 2016 Page 2
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5160008BC
Alabama Department of Revenue
Business Credits
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PAGE
ALABAMA SCHEDULE BC – 2016
ATTACH TO FORM 20C
NAME(S) AS SHOWN ON FORM 20C
FEDERAL EMPLOYER IDENTIFICATION NUMBER
Part I — Irrigation/Reservoir System Credit
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I1
Purchase cost and installation costs of irrigation system. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I1
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I2
Conversion costs to convert from fuel to electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I2
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I3
Add lines I1 and I2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I3
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I4
Multiply line I3 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I4
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I5
Cost of construction reservoir . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I5
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I6
Multiply line I5 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I6
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I7
CREDIT AVAILABLE. Enter the amount from line I4 or line I6 here and Section C, Part I, Column 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I7
$10,000 00
I8
Maximum credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
I8
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I9
CREDIT ALLOWABLE. Enter the lesser of line I7 or line I8. Enter here and on Section C, Part I, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . .
I9
Part J — Alabama Accountability Tax Credit
J1
Name of Scholarship Granting Organization:
J2
Address of Scholarship Granting Organization:
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J3
CREDIT AVAILABLE. Enter the amount contributed for scholarship(s) here and Section C, Part J, Column 2 . . . . . . . . . . . . . . . . . . . . . . . . .
J3
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J4
Multiply the current tax liability (Section A) by 50% (.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
J4
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J5
CREDIT ALLOWABLE. Enter the lesser of line J3 or line J4. Enter here and on Section C, Part J, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . .
J5
Part K — Rehabilitation, Preservation and Development of Historic Structures Credit
K1 CREDIT ALLOWABLE. Enter the amount from the Alabama Historic Commission Tax Credit Certificate.
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Enter here and on Section C, Part K, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
K1
Part L — Dual Enrollment Credit
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L1
Enter amount from the Department of Postsecondary Education Tax Certificate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
L1
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L2
CREDIT AVAILABLE. Multiply line L1 by 50% (.50). Enter here and Section C, Part L, Column 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
L2
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L3
Multiply the current tax liability (Section A) by 50% (.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
L3
$500,000 00
L4
Maximum Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
L4
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L5
CREDIT ALLOWABLE. Enter the lesser of line L2, or line L3 or line L4. Enter here and on Section C, Part L, Column 3 . . . . . . . . . . . . . . .
L5
Part M — Alabama Jobs Act – Investment Credit
M1 Enter the information requested for each project.
Project Name:
Amount of Credit:
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M1a.
M1a
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M1b.
M1b
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M1c.
M1c
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M2 Total Alabama Jobs Act Investment Credits. Enter the sum of all project credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
M2
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M3 Amount of Investment Credit used to offset utility taxes in the current year from Form UT-INV, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
M3
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M4 CREDIT ALLOWABLE. Subtract line M3 from line M2. Enter here and Section C, Part M, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
M4
Part N — Port Credit
N1 CREDIT ALLOWABLE. Enter the amount approved by the Alabama Renewal Commission.
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Enter here and on Section C, Part N, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
N1
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