Schedule Rc-R (Form 41a720rc-R) - Recycling Or Composting Equipment Tax Credit Recapture

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SCHEDULE RC-R
*1400010236*
Taxable Year Ending
41A720RC-R (10-14)
__ __ / __ __
Commonwealth of Kentucky
Mo.
Yr.
DEPARTMENT OF REVENUE
R
O
C
ECYCLING
R
OMPOSTING
➤ See instructions.
E
T
C
R
QUIPMENT
AX
REDIT
ECAPTURE
KRS 141.390
➤ Attach to Form 720, 720S, 725, 740, 740-NP , 741, 765 or 765-GP .
Name of Entity
Federal Identification
Kentucky Corporation/LLET
Number
Account Number
__ __ __ __ __ __
__ __ __ __ __ __ __ __ __
Section A — Recycling or Composting Equipment Disposed of Before the End of the Recapture Period
Useful Life Per Section 168
Item
Type of Equipment
of the Internal Revenue Code
(Years)
A
Less Than 5
5 or More
B
Less Than 5
5 or More
C
Less Than 5
5 or More
Section B — Computation of Tax Credit Balance or Tax Credit Recapture
Equipment
A
B
C
Total
1. Date equipment was purchased ........................................... 1
/
/
/
/
/
/
2. Date equipment was disposed ............................................. 2
/
/
/
/
/
/
3. Number of full years the equipment was held.................... 3
4. Taxable year the Department of Revenue
___ ___/___ ___
___ ___/___ ___
___ ___/___ ___
approved the tax credit ......................................................... 4
.
.
.
.
.
.
mo
yr
mo
yr
mo
yr
5. Allowable tax credit percentage from Table ........................ 5
6. Amount of tax credit originally approved on
00
00
00
00
Schedule RC, Column G ........................................................ 6
00
00
00
00
7.
Multiply Line 6 by the percentage on Line 5 ....................... 7
00
00
00
00
8. Recycling tax credit used in prior years against LLET ........ 8
9. Recycling tax credit used in prior years against
00
00
00
00
income tax .............................................................................. 9
10. LLET credit balance: if Line 7 of the Total column is greater than Line 8 of the Total column, enter the
00
difference ...............................................................................................................................................................................
10
11. Income tax credit balance: if Line 7 of the Total column is greater than Line 9 of the Total column,
00
enter the difference ..............................................................................................................................................................
11
12. LLET credit recapture: if Line 8 of the Total column is greater than Line 7 of the Total column, enter the
00
difference ...............................................................................................................................................................................
12
13. Income tax credit recapture: if Line 9 of the Total column is greater than Line 7 of the Total column,
00
enter the difference ..............................................................................................................................................................
13
00
14. Tax credit reduction: enter Line 6 of the Total column less Line 7 of the Total column ...................................................
14
Table — Allowable Tax Credit Percentage
Property
Less Than 5 Years
5 Years or More
1 Year or Less
0%
0%
Between 1 and 2 Years
33%
20%
Between 2 and 3 Years
67%
40%
Between 3 and 4 Years
N/A
60%
Between 4 and 5 Years
N/A
80%

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