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Part III Credits that Reduce Tax Note: Be sure to attach your credit forms to Form 540.
1 Enter the amount from Form 540, line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 _____________________
2 Enter the tentative minimum tax from Side 1, Part II, line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 _____________________
Section A – Credits that reduce excess tax.
(a)
(b)
(c)
(d)
Credit
Credit used
Tax balance that
Credit
amount
this year
may be offset
carryover
by credits
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
3 Subtract line 2 from line 1. If zero or less enter -0- and see instructions.
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
This is your excess tax which may be offset by credits . . . . . . . . . . . . . . . . . . . . .
3
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
A1 Credits that reduce excess tax and have no carryover provisions.
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
4 Code: 214 Long-term care credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
5 Code: 162 Prison inmate labor credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
6 Code: 169 Enterprise zone employee credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
1 2 3 4 5 6 7 8 9 0 1 2
A2 Credits that reduce excess tax and have carryover provisions. See instructions.
7 Code: ____ ____ ____ Credit Name: ___________________________________
7
8 Code: ____ ____ ____ Credit Name: ___________________________________
8
9 Code: ____ ____ ____ Credit Name: ___________________________________
9
10 Code: ____ ____ ____ Credit Name: ___________________________________ 10
11 Code: 188 Credit for prior year alternative minimum tax . . . . . . . . . . . . . . . . . . . . . 11
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
Section B – Credits that may reduce tax below tentative minimum tax.
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
12 If Part III, line 3 is zero, enter the amount from line 1. If line 3 is more than
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
zero, enter the total of line 2 and the last entry in column (c). . . . . . . . . . . . . . . . 12
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
B1 Credits that reduce net tax and have no carryover provisions.
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
13 Code: 170 Credit for joint custody head of household . . . . . . . . . . . . . . . . . . . . .
13
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
14 Code: 173 Credit for dependent parent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
15 Code: 163 Credit for senior head of household . . . . . . . . . . . . . . . . . . . . . . . . . .
15
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
16 Nonrefundable renter’s credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
1 2 3 4 5 6 7 8 9 0 1 2
17 Code: 212 Teacher retention credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
SUSPENDED
B2 Credits that reduce net tax and have carryover provisions. See instructions.
18 Code: ____ ____ ____ Credit Name: __________________________________
18
19 Code: ____ ____ ____ Credit Name: __________________________________
19
20 Code: ____ ____ ____ Credit Name: __________________________________
20
21 Code: ____ ____ ____ Credit Name: __________________________________
21
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
B3 Other state tax credit.
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
22 Code: 187 Other state tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
Section C – Credits that may reduce alternative minimum tax.
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
23 Enter your alternative minimum tax from Side 1, Part II, line 26 . . . . . . . . . . . . . . 23
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2
24 Code: 180 Solar energy credit carryover from Section B2, column (d) . . . . . . . . . 24
25 Code: 181 Commercial solar energy credit carryover from Section B2, column (d) 25
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
26 Adjusted AMT. Enter the balance from line 25, column (c) here
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
and on Form 540, line 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2 3
1 2 3 4 5 6 7 8 9 0 1 2
Side 2 Schedule P (540) 2002
P54002203