Schedule B Individual - Recapture Of Credit Claimed In Excess, Tax Credits, And Other Payments And Withholdings - 2010

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Schedule B Individual
RECAPTURE OF CREDIT CLAIMED IN EXCESS,
Rev. 01.11
TAX CREDITS, AND OTHER PAYMENTS
2010
AND WITHHOLDINGS
Taxable year beginning on _________________, _____ and ending on ________________, _____
Social Security Number
Taxpayer's name
Part I
Recapture of Investment Credit and Conservation Easement Claimed in Excess
Column A
Column B
Column C
20
Name of entity:
Employer identification No:
(01)
(03)
(05)
Credit for:
(02)
(04)
(06)
Tourism Development ............................................................................
.....................................................
.....................................................
1
1
1
Solid Waste Disposal .............................................................................
.....................................................
.....................................................
2
2
2
Agricultural Incentives ............................................................................
.....................................................
.....................................................
3
3
3
Capital Investment Fund ........................................................................
.....................................................
.....................................................
4
4
4
Theatrical District of Santurce ..................................................................
.....................................................
.....................................................
5
5
5
Film Industry Development .....................................................................
.....................................................
.....................................................
6
6
6
Housing Infrastructure ............................................................................
.....................................................
.....................................................
7
7
7
Construction or Rehabilitation of Rental Housing Projects for Low or
Moderate Income Families ...............................................................
.....................................................
.....................................................
8
8
8
Acquisition of an Exempt Business in the Process of Closing its Operations
in Puerto Rico ..................................................................................
.....................................................
.....................................................
9
9
9
Conservation Easement .........................................................................
.....................................................
.....................................................
10
10
10
Other: _________________________________ .........................................
.....................................................
.....................................................
11
11
11
1.
Total credit claimed in excess ....................................................................................................................................................
(07)
00
2.
Recapture of credit claimed in excess paid in previous year, if applicable ....................................................................
(08)
00
3.
Recapture of credit claimed in excess paid this year (Transfer to Part 4, line 27 of the return. See instructions) ...............
(09)
00
4.
Excess of credit due to next year, if applicable (Subtract lines 2 and 3 from line 1. See instructions) ..........................................
(10)
00
Part II
Tax Credits
(Do not include estimated tax payments. Include such payments in Part III of this Schedule)
1.
Credit for taxes paid to the United States, its possessions and foreign countries
(Schedule C Individual, Part IV, line 7 or line 6 of the Worksheet to Determine the Special Additional Tax, as applicable) ..............
00
(11)
2.
Credit for:
Section 4(a) of Act 8 of 1987 and/or
Section 3(b) of Act 135 of 1997 (See instructions)..
00
(12)
1
2
(13)
3.
Credit for investment Act No. 362 of 1999:
Film Project and/or
Infrastructure Project (See instructions) ..
00
(14)
1
2
(15)
4.
Credit for investment in Capital Investment Fund, Tourism or other funds, or direct investments
(Submit Schedule Q) (See instructions) ..................................................................................................................................
00
(16)
5.
Credit attributable to losses in Capital Investment Fund, Tourism or other funds (Submit Schedules Q and Q1) ...................................
00
(17)
6.
Credit for contributions to the Educational Foundation for Free Selection of Schools (See instructions) ....................................
00
(18)
7.
Credit for payments of Membership Certificates by Ordinary and Extraordinary
Members of Employees-Owned Special Corporations (See instructions) ...............................................................................
00
(19)
8.
Credit for the purchase of tax credits (Complete Part IV) (See instructions) .............................................................................
00
(20)
9.
Credit for investment in housing infrastructure (See instructions) ............................................................................................
00
(21)
10.
Credit for investment in the construction or rehabilitation of rental housing projects for low or moderate income families (See inst.) ......
00
(22)
11.
Credit for construction investment in urban centers (See instructions) ......................................................................................
00
(23)
12.
Credit for merchants affected by urban centers revitalization (See instructions) ........................................................................
00
(24)
13.
Credit to investors who acquire an exempt business that is in the process of closing its operations in Puerto Rico (See instructions) ...
00
(25)
14.
Credit for purchases of products manufactured in Puerto Rico and Puerto Rican agricultural products
(Submit Schedule B1 Individual) .............................................................................................................................................
00
(26)
15.
Credit for contributions to Santa Catalina’s Palace Patronage (See instructions) ..............................................................................
00
(27)
16.
Credit for the establishment of an eligible conservation easement or donation of eligible land (See instructions) ......................
00
(28)
17.
Exemption for persons that operate as bookseller (See instructions) ............................................................................................
00
(29)
18.
Credit for investment Act No. 73 of 2008 (See instructions) .......................................................................................................
00
(30)
19.
Credit for investment Act No. 83 of 2010 (See instructions) ......................................................................................................
00
(31)
20.
Credit for alternate basic tax from previous taxable years (See instructions) ............................................................................
00
(32)
21.
Credit for the acquisition or manufacture and installation of electric solar equipment (See instructions) ......................................
00
(33)
22.
Credits carried from previous years (Submit detail) .................................................................................................................
00
(34)
23.
Other credits not included on the preceding lines (Submit detail) (See instructions) ..................................................................
00
(35)
24.
Total Tax Credits (Add lines 1 through 23) .............................................................................................................................
00
(36)
25.
Total tax determined (Part 4, line 26 of the return) ..................................................................................................................
00
(37)
26.
Credit to be claimed (The smaller of line 24 or 25. Transfer to page 2, Part 4, line 29 of the return) .........................
00
(38)
27.
Carryforward credits (Submit detail) .......................................................................................................................................
00
(40)
Retention Period: Ten (10) years

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