Form 600 - Corporation Tax Return - Georgia Department Of Revenue Page 3
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4600/2006
Georgia Form
(Corporation) Name_______________________________________FEIN____________________
CLAIMED TAX CREDITS
(ROUND TO NEAREST DOLLAR)
SCHEDULE 9
See pages 14 through 17 for a list of available credits and their applicable codes. You must list the appropriate credit type code in
the space provided. If you claim more than four credits, attach a schedule. Enter the total of the additional schedule on Line 5. If the
tax credit is flowing into this corporation from another corporation, please enter the name and FEI Number of the corporation where
the tax credit originated. If the credit claimed is only a percentage of the total credit (i.e., another corporation has been assigned a
percentage, as well), enter the percentage assigned to this corporation in the % column. If the credit originated with the corporation
filing this return, enter “Same” in the spaces for corporation and FEIN and enter the percentage of credit claimed (i.e., 100, if claiming
all of it; 33, if claiming 1/3).
Credit Type Code
Corporation Name
FEIN
%
Amount of Credit
1.
1.
2.
2.
3.
3.
4.
4.
5.
Enter the total from attached schedule(s) ..................................................................
5.
6.
Enter the total of Lines 1 through 5 here and on Schedule 3, Line 3, Page 1 ...........
6.
ASSIGNED TAX CREDITS
(ROUND TO NEAREST DOLLAR)
SCHEDULE 10
Georgia Code Section 48-7-42 provides that in lieu of claiming any Georgia income tax credit for which a taxpayer otherwise is eligible
for the taxable year, the taxpayer may elect to assign credits in whole or in part to one or more “affiliated entities”. The election to assign
credits must be made by the due date of the return (including extensions). The term “affiliated entities” is defined as:
1) A corporation that is a member of the taxpayer’s affiliated group within the meaning of Section 1504(a) of the Internal Revenue
Code; or
2) An entity affiliated with a corporation, business, partnership, or limited liability company taxpayer, which entity:
(a) Owns or leases the land on which a project is constructed;
(b) Provides capital for construction of the project; and
(c) Is the grantor or owner under a management agreement with a managing company for the project.
No carryover attributable to the unused portion of any previously claimed or assigned credit may be assigned or reassigned, except if
the assignor and the recipient of an assigned tax credit cease to be affiliated entities, then any carryover attributable to the unused
portion of the credit is transferred back to the assignor of the credit. The assignor is permitted to use any such carryover and also shall
be permitted to assign the carryover to one or more affiliated entities, as if such carryover were an income tax credit for which the
assignor became eligible in the taxable year in which the carryover was transferred back to the assignor. In the case of any credit that
must be claimed in installments in more than one taxable year, the election under this subsection may be made on an annual basis with
respect to each such installment. For additional information, please refer to Georgia Code Section 48-7-42.
If the corporation filing this return is assigning tax credits to other affiliates, please provide detail below specifying where the tax credits
are being assigned and what percentage is being allocated to each affiliate.
Credit Type Code
Corporation Name
FEIN
%
Amount of Credit
1.
2.
3.
4.
If this corporation and its affiliates to whom credits are being assigned are filing as part of a Georgia
consolidated return, you must provide the name and FEI number of the corporation under which the
consolidated Georgia return is being filed to insure that the tax credits are properly applied.
Corporation: ____________________________________________ FEIN __________________
Page 3
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