Form D-20cr - Business Tax Credits (Page 2 of 3) in pdf

PART E – TAX CREDIT FOR 10% OF WAGES PAID TO QUALIFIED EMPLOYEES DURING

THE FIRST 24 MONTHS OF EMPLOYMENT

Number of

eligible

employees

Total Wages paid during this period to Qualified Employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

Tax credit – Line 2 x 0.10 (Limited to $5,000 per employee in the tax year.) . . . . . . . . . . . . . . . . . . . . $

PART F – SUMMARY OF TAX CREDITS FOR A QHTC

ELECTION #1: Amount of Business Tax Credit

Regular District of Columbia Corporation Franchise Tax (Part A, Line 2) . . . . . . . . . . . . . . . . . . . . . . . . $

Franchise Tax Credit (Part A, Line 4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

3. Retraining Costs Tax Credit (Part B, Line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

4. Qualified Disadvantaged Employee Wages (Part C, Line 4) . . . . . . . . . . . . . . . . . . $

5. Relocation Cost (Part D, Line 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

6. Qualified Employee Wages (Part E, Line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

7. Total Credits (add Lines 2 through 6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

8. Net Tax (Line 1 minus Line 7) (If Line 7 is greater than Line 1 enter zero) . . . . . . . . . . . . . . . . . . . . . . . . . $

9. Unused Business Tax Credits Carryover to 200__

(Line 7 minus line 1)

(If Line 1 is greater than Line 7 enter 0) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

10. Used Business Tax Credit (Line 7 minus Line 9) If Line 7 is greater than zero

enter here and on Form D-20, Line 38(d) . . . . . . . . . . . . . . . . . . . . . . $

PART G – ELECTION TO RECEIVE REFUND FOR REFUNDABLE CREDIT FOR QHTC RETRAINING COSTS

ELECTION #2: Amount of Refund of Retraining Tax Credit

1. Amount of Unused Business Tax Credit Carryover to 200__

(Part F , Line 9) .. . . . . . . . . . . . . . . . . . . . . . $

2. Retraining Costs Tax Credit (Part B, Line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3. Unused Business Tax Credit Carryover excluding Retraining Costs Tax Credit

(Line 1 minus Line 2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

4. Amount from Line 1 or Line 2, whichever is smaller. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

5. Amount of Retraining Costs Tax Credit to be refunded (50% of Line 4)

enter here and on Form D-20, Line 44 . . . . . . . . . . . . . . . . . . . . . . .

Form D-20cr - Business Tax Credits Page 2