Form 529 - Small Business Guaranty Fee Credit - 1999
ADVERTISEMENT
11999
State of Oklahoma
Form
Small Business Guaranty Fee Credit
529
Enclose with Oklahoma income tax return - Form 511, 512, 512-S, or 513
Please read carefully the information on reverse side
Name as shown on return
Social Security Number
Type of Small Business
(CHECK ONE)
Sole Proprietorship
F.E.I. Number
Partnership
S-Corporation
Corporation
F.E.I. Number of small business
Name of small business (if different from above)
Fiduciary
(if different from above)
Instructions
On line 1, enter the guaranty fee paid during this tax year. If you are a partner or a shareholder, enter your pro rata
share of the guaranty fee paid by the partnership or corporation.
Lines 2 - 6 are used to determine the credit limitation.
Line 7 is the amount of the credit allowed this year. If the credit available on line 1 exceeds the amount allowed on line
7, the difference may be carried over for a period not to exceed 5 years. You will need to complete a Form 529 for each
carryover year.
Computation
00
1. Loan guaranty fee paid during this tax year
............
1.
00
2.
2. Net Income from the Small Business ........................
3. Oklahoma adjusted gross income for individuals or Okla-
00
3.
......
homa taxable income for corporations and fiduciaries
%
4. Percentage (Line 2 ÷ Line 3)
4.
.......................................
00
.............................................................
5. Tax per return
5.
00
6. Credit limitation (Line 4 X Line 5)
................................
6.
7. Credit allowed this year enter the smaller of Line 1
00
or Line 6
7.
....................................................................
The Oklahoma Tax Commission is not required to give actual notice to taxpayer of changes in any state tax law.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial