Form Dr-908 - Computation Of Insurance Premium Tax Page 2
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10DR-908
R. 01/07
Page 4
Name _____________________________________ FEIN _________________________________ Taxable Year _____________
SChEDUlE Iv
CoMPUTATIoN oF SAlARY CREDIT
*** Include Your Florida Department of Revenue Forms UCT-6 and UCS-71 if Claiming this Credit ***
1.
Total Premium Tax Due (Schedule I, Line 10)
2.
Less:
Firefighters’ Pension Trust Fund Credit (Schedule XII - B, Line 3)
3.
Municipal Police Officers’ Retirement Trust Fund Credit (Schedule XIII - B, Line 3)
4.
Corporate Income and Emergency Excise Tax Paid (Florida Form F-1120, Line 14)
5.
Total (Line 1 minus Line 2 through Line 4)*
6.
Eligible Florida Salaries (See Instructions)
7.
Multiply Line 6 by .15
*
✒
8.
Salary Credit - (Enter the lesser of Line 5 or Line 7 here and on Schedule V, Line 4)
*
If zero or less, enter -0-
SChEDUlE v
CoRPoRATE INCoME, EMERgENCY ExCISE AND SAlARY CREDIT lIMITATIoN
1.
Total Corporate Income Tax and Emergency Excise Tax Paid (Florida Form F-1120, Line 14)
Less: Corporate Income Tax Credit Taken against Wet Marine and Transportation Insurance Tax
2.
(Schedule XI, Line 5)
3.
Eligible Net Corporate Income Tax and Emergency Excise Tax (Line 1 minus Line 2)
4.
Salary Credit (Schedule IV, Line 8)
5.
Total Premium Tax Due (Schedule I, Line 10)
6.
Less:
Workers’ Compensation Administrative Assessment Credit (Schedule VI, Line 4)
7.
Firefighters’ Pension Trust Fund Credit (Schedule XII - B, Line 3)
8.
Municipal Police Officers’ Retirement Trust Fund Credit (Schedule XIII - B, Line 3 )
9.
Premium Tax Due After Deductions (Line 5 minus Lines 6 through 8)
10.
Corporate Income Tax/Emergency Excise Tax and Salary Credit Limitation (Multiply Line 9 by .65)
Eligible Net Corporate Income Tax and Emergency Excise Tax Credit
11.
*
(Enter the lesser of Line 3 or Line 10 here and on Schedule III, Line 4)
Salary Tax Credit (Enter the lesser of Line 4 or the difference between Lines 10 and 11 here and
*
12.
on Schedule III, Line 5).
A reduction to the salary credit may be required if the election under
✒
s. 624.509(5)(a)2., F.S., applies (see instructions).
Transfer of Enterprise Zone Excess Salary Credit from Affiliate (This line cannot exceed Line 10 minus
13.
✒
Lines 11 and 12. Include attachment per instructions.)
*
If zero or less, enter -0-
** If you filed on a consolidated basis for corporate income tax, you MUST include a schedule showing how the credit is
claimed by each subsidiary.
SChEDUlE vI
WoRkERS' CoMPENSATIoN ADMINISTRATIvE ASSESSMENT CREDIT lIMITATIoN
*** Include Your Florida Carrier and Self Insurance Fund Quarterly Premium Reports if Claiming this Credit***
1.
Workers’ Compensation Premiums Written (Annual Statement - Florida Business, Line 16)*
2.
Multiply Line 1 by .0175 (Self Insurers multiply by .016)
Administrative Assessments Paid to Workers’ Compensation Trust Fund (Florida Carrier and Self
3.
Insurance Fund Quarterly Premium Reports must be attached)
First Quarter Assessment ____________________ b. Second Quarter Assessment ______________
a.
Third Quarter Assessment ___________________ d. Fourth Quarter Assessment _______________
c.
Total Administrative Assessments Paid*
Workers’ Compensation Administrative Assessment Credit
4.
*
✒
(Enter the lesser of Line 2 or 3 here and on Schedule III, Line 1)
*
If zero or less, enter -0-
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