Form Rv-F1402401 - Schedule X - Franchise Tax Jobs Credit Computation - Tennessee Department Of Revenue Page 2

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PERIOD
FOR ORIGINAL
JOBS TAX CREDIT
ENDED
RETURN OR
USED IN
CARRYOVER
YEAR
MM/YY
AMENDED
PRIOR YEARS
EXPIRED
AVAILABLE
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Amount to carry to Line 8 ...............................................................................................................
INSTRUCTIONS FOR SCHEDULE X - JOBS CREDIT COMPUTATION
LINE 1:
Franchise Tax liability as shown on Schedule A, Line 4 of the Franchise, Excise tax return for the first year in which investment is
reflected. If this return is for a short period, this amount must be annualized. Please indicate the period covered of this return.
LINE 2:
Franchise Tax liability as shown on Schedule A, Line 4 of the Franchise, Excise tax return for the first year immediately prior to the
investment. If this return is for a short period, this amount must be annualize. Please indicate the period covered of this return.
LINE 3:
Subtract the amount on Line 2 from Line 1.
LINE 4:
The number of new Tennessee jobs created and filled during the current fiscal year in economically distressed counties, as
determined by the Tennessee Department of Economic and Community Development. Please note that if a job is included on this line,
it cannot be included on Line 6.
LINE 5:
Multiply amount on Line 4 by $3,000.
LINE 6:
The number of new Tennessee jobs created and filled during the current fiscal year in counties not determined to be economically
distressed by the Tennessee Department of Economic and Community Development. Please note that if a job is included on this line,
it cannot be included on Line 4.
LINE 7:
Multiply amount on Line 6 by $2,000.
LINE 8:
Jobs tax credit carryover as shown on the jobs tax credit carryover schedule.
LINE 9:
Add amounts on lines 5, 7, and 8.
LINE 10:
Amount of franchise tax shown on Page 1, Schedule A, Line 4 of the current return.
LINE 11:
Amount of day care franchise tax credit available in current year from Schedule W.
LINE 12:
Subtract the amount on Line 11 from Line 10.
LINE 13:
The jobs tax credit that can be used for this fiscal year is the least of lines 3, 9, or 12.

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