Instructions For Form 4947 - Schedule Of Certificated Credits Page 2
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5nonrefundable, and reported on Form 4568.
an election made by the taxpayer. Use this line only to report
an Anchor Company Taxable Value Credit that is properly
Line 9: An Anchor Company Taxable Value Credit may be
classified as refundable, and reported on Form 4574, line 21.
classified as refundable or nonrefundable, depending upon
an election made by the taxpayer. Use this line only to report
Line 38: A MEGA Poly-Silicon Energy Cost Credit and the
an Anchor Company Taxable Value Credit that is properly
Miscellaneous MEGA Battery Credits may be classified as
classified as nonrefundable, and reported on Form 4568.
refundable or nonrefundable, depending upon an election
made by the taxpayer in the year the credit arises. Use this
Line 10: A MEGA Poly-Silicon Energy Cost Credit may be
line to report a MEGA Poly-Silicon Energy Cost Credit and/
classified as refundable or nonrefundable, depending upon
or any Miscellaneous MEGA Battery Credits that are properly
an election made by the taxpayer. Use this line only to report
classified as refundable and reported on Form 4574, line 22.
a MEGA Poly-Silicon Energy Cost Credit that is properly
classified as nonrefundable, and reported on Form 4568. This
credit cannot be claimed for a tax period ending in 2015 or
later.
PART 2: Recapture of Certain Business Tax Credits
If not reporting any recaptures in Part 2, skip to Part 3.
Line 12: See the section “Calculation of MBT ITC Credit
Recapture Amount” later in these instructions.
Line 13: UBGs: In a UBG, a separate copy of Form 4585 is
filed for each member that has activity reportable on that form.
If the return includes multiple copies of Form 4585, report here
the combined total of recapture reported on all Forms 4585,
line 7.
PART 3: Certificated Refundable Credits
Line 29: Standard taxpayers and financial institutions use the
MEGA Employment Tax Credit amount as reported on Form
4574, line 12
.
Line 30: This credit cannot be claimed for a tax period
ending in 2016 or later.
Line 32: A MEGA Federal Contracts Credit may be classified
as refundable or nonrefundable, depending upon an election
made by the taxpayer. Use this line only to report a MEGA
Federal Contracts Credit that is properly classified as
refundable, and reported on Form 4574, line 16.
Line 33: Standard taxpayers and financial institutions use the
MEGA Photovoltaic Technology Credit amount as reported on
Form 4574, line 17.
Line 34: Standard taxpayers and financial institutions use the
Film Production Credit amount as reported on Form 4574, line
18.
Line
35:
The
MEGA
Plug-In
Traction
Battery
Manufacturing Credit is no longer available as a newly
arising credit. Line 7 of this form will continue to be used
to claim an unused credit carryforward from the immediately
preceding tax year.
Line 36: An Anchor Company Payroll Credit may be
classified as refundable or nonrefundable, depending upon an
election made by the taxpayer. Use this line only to report an
Anchor Company Payroll Credit that is properly classified as
refundable, and reported on Form 4574, line 20.
Line 37: An Anchor Company Taxable Value Credit may be
classified as refundable or nonrefundable, depending upon
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