Form 40 Or 40nr - Schedule Oc - Other Available Credits - 1999

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1 1 9 9
99
SCHEDULE
A
D
R
LABAMA
EPARTMENT OF
EVENUE
OC
Other Available Credits
Attachment
ATTACH TO FORM 40 OR 40NR
(FORM 40 OR 40NR)
Sequence No. 08
Name(s) as shown on Form 40 or 40NR
Your social security number
PART A – Credit For Taxes Paid To Other States
NOTE: CR Credits are NOT allowable for Nonresidents
1 CREDIT ALLOWABLE. Enter the amount from Schedule CR, line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
If you are an employer entitled to an education credit, a physician entitled to a rural physician credit, or a taxpayer entitled
to a capital credit, complete Part B, C, or D below.
PART B – Basic Skills Education Credit
Attach this schedule to your Alabama return along with a copy of your approved certification notice issued by the Alabama
Department of Education. Enter your assigned Department of Education Certification Number _________________________________.
1 Name of employer/firm sponsoring the education program ___________________________________________________________.
2 Name of approved provider _____________________________________________ Location ______________________________.
3 Were all participants for whom you are claiming a tax credit continuously employed by you for at least 16 weeks?
Yes
No
4 If the answer to the above is yes, did employee work at least 24 hours each week?
Yes
No
5 If the answer to lines 3 and 4 above is yes, enter the total expenses available for credit
(see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 Total Maximum Credit Available. Multiply line 5 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
7 Tax due Alabama from Form 40, page 1, line 19, or Form 40NR, page 1, line 20a . . . . . . . . . . . . . .
7
8 CREDIT ALLOWABLE. Enter the amount from line 6 or 7, whichever is smaller . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
If you are also entitled to a rural physician credit or entitled to a capital credit, complete Part C or D below. Otherwise, add Part A, line 1,
and Part B, line 8 , and enter the total on Part E, line 1 below and on Form 40, page 1, line 20 for residents or Form 40NR, page 1, line
20b for nonresidents, and check the appropriate box(es).
PART C – Rural Physician Credit
1 Name of hospital and community where you live and provide medical services ___________________________________________
_____________________________________________________________________________.
2 Tax due Alabama from Form 40, page 1, line 19, or Form 40NR, page 1, line 20a . . . . . . . . . . . . . .
2
3 Maximum Rural Physician Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
$5,000 00
4 CREDIT ALLOWABLE. Enter the amount from line 2 or 3, whichever is smaller . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
If you are entitled to a capital credit, complete Part D below. Otherwise, add Part A, line 1, Part B, line 8, and Part C, line 4, and enter
the total on Part E, line 1 below and on Form 40, page 1, line 20 for residents or Form 40NR, page 1, line 20b for nonresidents, and
check the appropriate box(es).
PART D – Capital Credit
You must attach Form K-RCC to your Alabama return.
1 Enter your Project Number assigned by the Alabama Department of Revenue . . . . . . . . . . . . . . .
1
2 Name of project entity entitled to the Capital Credit __________________________________________________________________.
3 Enter tax due from Form 40, page 1, line 19, or Form 40NR, page 1, line 20a . . . . . . . . . . . . . . . . . .
3
4 Less credits:
a. CR Credit. Enter amount from Schedule OC, Part A, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4a
b. Basic Skills Education Credit. Enter amount from Schedule OC, Part B, line 8 . . . . . . . . . . .
4b
c. Rural Physician Credit. Enter amount from Schedule OC, Part C, line 4. . . . . . . . . . . . . . . . . .
4c
d. Enterprise Zone Act Credit. Enter amount from Schedule EZK1, Part II, page 2, line 13,
or Schedule EZ, Part IV, page 2, line 13 (enter amount in both columns) . . . . . . . . . . . . . . . . . .
4d
4d
5 Total all credits other than Capital Credit. Add 4a, 4b, 4c, 4d, and enter here. . . . . . . . . . . . . . . . . . .
5
6 Tax due before Capital Credit. If line 3 is larger than line 5, subtract line 5 from line 3, and enter
the difference on line 6. If line 3 is smaller than line 5, enter zero on line 6 . . . . . . . . . . . . . . . . . . . . .
6
7 Enter Capital Credit available from Schedule K-RCC, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8 CAPITAL CREDIT ALLOWABLE. Enter the lesser of line 6 or 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
PART E – Summary
1 TOTAL CREDITS ALLOWABLE. Add Part A, line 1, Part B, line 8, Part C, line 4, Part D, lines 4d and 8, and enter the total here
and on Form 40, page 1, line 20 for residents or Form 40NR, page 1, line 20b for nonresidents, and check the appropriate box(es).
1
Schedule OC 1999

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