Schedule Ntc - Net Tax Calculation - Alabama Department Of Revenue - 2015
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1SCHEDULE
140005NC
NTC
2 15
Alabama Department of Revenue
Net Tax Calculation
USE ONLY IF CLAIMING TAX CREDIT(S)
NAME
SOCIAL SECURITY NUMBER
•
•
1 Enter tax amount from Form 40, page 1, line 17 or Form 40NR, page 1, line 19 . . . . . . . . . . . . . . . .
1
•
2 Enter amount from Schedule CR, line 27. Enter zero if claiming credits from Schedule OC. . . .
2
•
3 Subtract line 2 from line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
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4 Enter credit from Schedule OC, Part N, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
•
5 Subtract line 4 from line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
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6 Enter School Transfer Credit amount from Schedule AATC, Part I, line 39 . . . . . . . . . . . . . . . . . . . . .
6
•
7 Subtract line 6 from line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8 Enter Contribution to Scholarship Granting Organization Credit
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amount from Schedule AATC, Part III, line 20 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
•
9 Subtract line 8 from line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
•
10 Enter Adoption Credit amount from Schedule AAC, Part II, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10
•
11 Subtract line 10 from line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
11
•
12 Enter Alabama New Markets Development Credit which cannot exceed line 11. . . . . . . . . . . . . . . . .
12
•
13 Subtract line 12 from line 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
13
•
14 Enter Historic Tax Rehabilitation Credit which cannot exceed line 13 . . . . . . . . . . . . . . . . . . . . . . . . .
14
•
15 Subtract line 14 from line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
16 Enter Career Technical Dual Enrollment Credit amount from
•
16
Schedule DEC, Line 6, which cannot exceed Line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
•
17 Subtract Line 16 from Line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
18 Enter Alabama Jobs Act Investment Credit from
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Schedule AJA, Line 5, which cannot exceed Line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
18
19 Net tax due Alabama. Subtract Line 18 from Line 17 and
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19
enter amount here and on Form 40, Page 1, Line 18 or Form 40NR, Page 1, Line 20 . . . . . . . . . . .
•
DOR
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