Form It-212 - Investment Credit - 2014 Page 2
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1
2IT-212 (2014) (back)
Part 3 – Investments in qualified property
(see instructions)
–
–
–
–
–
–
–
A
Description of property
B
Principal
C
Date
D
E
Investment
F
Investment credit for
G
Investment
(list each asset and submit
use of property
acquired Useful
credit base
manufacturing and production,
credit for research and
a schedule if needed)
life in
retail enterprise, waste treatment,
development property
years
and pollution control property
(column E × 7% (.07))
(column E × 4% (.04))
.
.
.
22
00
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00
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00
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00
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00
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00
00
00
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23 Enter amount from Form IT-212-ATT, line 11 .......................................... 23
00
.
24 Enter amount from Form IT-212-ATT, line 19, column C ........................ 24
00
.
.
25 Total investment credit
......................... 25
(add amounts in columns F and G)
00
00
Individuals: Enter the line 25, column F amount on line 1. Enter the line 25, column G amount on line 2.
Fiduciaries: Enter the line 25, column F amount on line 1 and on the Total line of Part 5, column C.
Enter the line 25, column G amount on line 2 and on the Total line of Part 5, column D.
Partnerships: See instructions.
Part 4 – Early dispositions of qualified property and addback of credit on early dispositions
(see instructions)
–
–
–
–
–
–
–
–
A
Description of property
B
Date
C
Date
D
Life
E
F
Percentage
G
Total investment credit
H
Addback of credit on
(list each asset and
acquired
property ceased (months) Unused life
(E ÷ D)
allowed (see instructions)
early dispositions
submit a schedule if needed)
to qualify
(months)
(F × G)
.
.
26
00
00
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00
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00
00
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00
00
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27 Enter amount from Form IT-212-ATT, line 12 ....................................................................................
27
00
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28 Total
...................................................................
28
(add lines 26 and 27, column H, and enter total here)
00
29 Interest rate .......................................................................................................................................
29
.
30 Multiply line 28 by line 29 ..................................................................................................................
30
00
.
31 Total addback of credit on early dispositions
....................................
31
(add amounts on lines 28 and 30)
00
Fiduciaries: Enter the line 31 amount on line 20.
All others: Enter the line 31 amount on line 16.
Part 5 – Beneficiary’s and fiduciary’s share of investment credit and addback of credit on early dispositions
Beneficiary’s name
–
–
–
–
–
A
B
Identifying number
C
Share of investment
D
Share of investment
E
Share of addback of
(same as in Form IT-205,
credit for manufacturing
credit for research
credit on early dispositions
Schedule C)
and production, retail
and development
enterprise, waste treatment,
property
and pollution control property
.
.
.
Total
00
00
00
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.
00
00
00
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00
00
00
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00
00
00
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Fiduciary
00
00
00
Part 6 – Application of credit and computation of refund and carryover
(see instructions)
.
32a Total credit
............................................................................................................. 32a
(from line 15a)
00
.
32b Tax due before credits ................................................................................................................ 32b
00
.
33 Credits that you applied before this credit .................................................................................. 33
00
.
34 Net tax
............................................................................................ 34
(subtract line 33 from line 32b)
00
.
35 Amount of credit used for the current tax year
35
....................................................................................
00
.
36 Amount of credit available for refund or carryover to next year
...... 36
(subtract line 35 from line 32a)
00
.
37 Amount of credit to be refunded ................................................................................................. 37
00
.
38 Amount of credit available for carryover to next year
...................... 38
(subtract line 37 from line 36)
00
39 Unused expired tax credits
(see instructions)
.
Enter the earliest year (yyyy) of unused credit carryover included in the carryforward ...
39
00
.
40 Amount of credit to be carried over to next year
.............................. 40
(subtract line 39 from line 38)
00
212002140094
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