Form 20c - Schedule Bc Business Credits - 2016 Page 4
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5160010BC
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
SECTION C
Current Credit Summary
Enter the Current Tax Period Liability due on Part A, Column 4 of the Current Credit Summary. To calculate the Current Credit Summary, repeat the steps that follow for each row: In Column 2, enter the Credit
Available from Section B for the applicable credits. In Column 3, enter the Credit Allowable from Section B. Subtract the Credit Allowable from the Remaining Tax to be Offset. If the Credit Allowable is greater than
the Remaining Tax to be Offset, enter the amount from Column 4 in Column 5 and the excess amount of the Credit Allowable in Column 7. If the Remaining Tax to be Offset is greater than Column 3, enter the Credit
Allowable (Column 3) in Column 5 and enter the difference of Column 4 and Column 5 in Column 6 and proceed to the next available credit. For the remaining rows, use the preceding Tax Remaining after Credit
from Column 6 as the Remaining Tax to be Offset in Column 4.
To compute the Credit Carryforward (Column 8) in the Current Credit Summary, for each credit listed, subtract any Credit Allowable (Column 3) from the Credit Available (Column 2) and add the difference to the
Excess Credit Allowable from Column 7.
Column 1
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
Column 8
Remaining Tax
Tax Remaining after Credit
Excess Credit Allowable
Type of Credit
Credit Available
Credit Allowable
to be Offset
Amount Utilized
(Col. 4 – Col. 5)
(Col. 3 – Col. 5)
Credit Carryforward
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Part A
Alabama Enterprise Zone
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Part B
Basic Skills Education
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Part C
Income Tax Credit
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Part D
Coal Credit
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Part E
Full Employment Act
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Part F
Alabama New Markets Development
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Part G
Heroes for Hire – Employee Credit
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Part H
Heroes for Hire – Start-up Expenses
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Part I
Irrigation/Reservoir
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Part J
Alabama Accountability Act
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Part K
Rehabilitation, Preservation and Development
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Part L
Dual Enrollment
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Part M
Alabama Jobs Act – Investment Credit
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Part N
Port Credit
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Part O
Growing Alabama Credit
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Part P
Capital Credit
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Total Current Credits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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Parent category: Financial