Form 580 - Computer Industry Credit - Oklahoma Tax Commission

Download a blank fillable Form 580 - Computer Industry Credit - Oklahoma Tax Commission in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form 580 - Computer Industry Credit - Oklahoma Tax Commission with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

State of Oklahoma

Computer Industry Credit

580

Tax Year_______

Revised 2011

For the year January 1 - December 31, or other taxable year beginning

ending

Federal Employer Identification Number

Name

North American Industry Classification System

Address

(NAICS) Code

City, State and Zip Code

General Information:

For taxable years beginning after December 31, 2005 and ending not later than December 31, 2013, there is allowed a

refundable credit equal to 15% of “qualified capital expenditures”, “qualified wages” or “qualified training expenses”

incurred by a qualified business enterprise whose principal activity is data processing services, computer systems de-

sign services or other computer related services. The total credits claimed during the fiscal year ending June 30, 2007,

fiscal year ending June 30, 2008, fiscal year ending June 30, 2009 or each of the applicable subsequent fiscal years

cannot exceed $350,000 each year.

Credit Computation

Qualified Capital Expenditures ......................................................................................

Qualified Wages ............................................................................................................

Qualified Training Expenses ..........................................................................................

Total Qualified Expenditures - add lines 1 - 3 ................................................................

(cannot exceed $2,333,333)

Refundable Credit – multiply line 4 by 15% ...................................................................

(cannot exceed $350,000)

Filing Instructions and Due Date:

If the Computer Industry Credit is being filed with an income tax return, the credit must be claimed as a refundable

credit on the tax return. The income tax return claiming such credit must be filed no later than the original due date of

the tax return. An extension of time for filing an income tax return does not extend the time period for claiming the credit.

The credit should be claimed on the estimated tax line of the income tax return. Enclose Form 580 with the income tax

return.

If the Computer Industry Credit is not being filed with an income tax return, the Form 580 may be filed as a stand

alone form. The claim must be filed no later than the original due date of the income tax return. Claims filed during the

fiscal year ending June 30, 2007, shall not be filed earlier than July 1, 2006, and the claims for each subsequent taxable

year may be filed no earlier than July 1 of each of the applicable succeeding years. Mail Form 580 to the following

address:

Oklahoma Tax Commission

Compliance Division – Corporate

Post Office Box 269054

Oklahoma City, OK 73126-9054

Under penalties of perjury, I declare I have examined this return, including any accompanying schedules and statements, and to the best of my knowledge and belief, it is true,

correct and complete. If prepared by person other than the taxpayer, this declaration is based on all information of which the preparer has any knowledge.

Signature of Officer

Date

Signature of Preparer

Date

Title

Preparer’s Address

Phone Number

See Page 2 for Instructions and Definitions