California Schedule P (541) - Attach To Form 541 - Alternative Minimum Tax And Credit Limitations - Fiduciaries - 2012 Page 3

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Part IV Credits that Reduce Tax Note: Be sure to attach the credit forms to Form 541.
00
1 Enter the amount from Form 541, line 21, minus Form 541, line 22, but not less than zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
00
2 Tentative minimum tax from Part III, line 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
Section A – Credits that reduce excess tax.
(a)
(b)
(c)
(d)
Credit
Credit used
Tax balance
Credit
amount
this year
to be offset
carryover
by credits
3 Subtract line 2 from line 1. If zero or less, enter -0- and see instructions.
This is your excess tax which may be offset by credits . . . . . . . . . . . . . . . . . .
3
A1 Credits that reduce excess tax and have no carryover provisions.
4 Code: 162 Prison inmate labor credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Code: 169 Enterprise Zone employee credit . . . . . . . . . . . . . . . . . . . . . . . . . .
5
A2 Credits that reduce excess tax and have carryover provisions. See instructions.
6 Code: ____ ____ ____ Credit Name: ________________________________ 6
7 Code: ____ ____ ____ Credit Name: ________________________________ 7
8 Code: ____ ____ ____ Credit Name: ________________________________ 8
9 Code: ____ ____ ____ Credit Name: ________________________________ 9
10 Code: 188 Credit for prior year alternative minimum tax. . . . . . . . . . . . . . . . . . 10
Section B – Credits that may reduce tax below tentative minimum tax.
11 If Part IV, line 3 is zero, enter the amount from line 1. If line 3 is more than
zero, enter the total of line 2 and the last entry in column (c). . . . . . . . . . . . . . 11
B1 Credits that reduce net tax and have carryover provisions. See instructions.
12 Code: ____ ____ ____ Credit Name: _______________________________ 12
13 Code: ____ ____ ____ Credit Name: _______________________________ 13
14 Code: ____ ____ ____ Credit Name: _______________________________ 14
15 Code: ____ ____ ____ Credit Name: _______________________________ 15
B2 Credits that reduce net tax and have no carryover provisions.
16 Code: 187 Other state tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Section C – Credits that may reduce alternative minimum tax.
17 Enter your alternative minimum tax from Side 2, Part III, line 10. . . . . . . . . . . 17
18 Code: 180 Solar energy credit carryover from Section B1, column (d) . . . . . . 18
19 Code: 181 Commercial solar energy credit carryover from Section B1,
column (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
20 Adjusted AMT. Enter the balance from line 19, column (c) here
and on Form 541, line 26, or Form 109, line 13 . . . . . . . . . . . . . . . . . . . . . . . . 20
Schedule P (541) 2012 Side 3
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