Form Sc Sch Tc-4sa - Accelerated Small Business Jobs Credit Page 4
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14STEP 3 – DETERMINING THE ALLOWABLE CREDIT
100% Allowable Credit
Line 1
100% credit amount for each job (see STEP 3 instructions) . . . . . . . . . . . . . . . . . . . . . .
1. $
Line 2
Additional credit amount(s) (see STEP 3 instructions) . . . . . . . . . . . . . . . . . . . . . . . . . .
2. $
Line 3
Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3. $
Line 4
Enter the amount from STEP 2, PART B, line 14 for the appropriate tax year . . . . . . . .
4.
Enter -0- if STEP 2, PART B, line 14 is less than 2.
Line 5
Allowable 100% credit. Multiply line 3 by line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. $
50% Allowable Credit
Line 6
50% credit amount for each job (see STEP 3 instructions) . . . . . . . . . . . . . . . . . . . . . . .
6. $
Line 7
Additional credit amount(s) (see STEP 3 instructions) . . . . . . . . . . . . . . . . . . . . . . . . . .
7. $
Line 8
Add lines 6 and 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8. $
Line 9
Enter the amount from STEP 1, PART B, line 12 for the appropriate tax year . . . . . . . .
9.
Line 10
Line 9 minus line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.
Line 11
Allowable 50% credit. Multiply line 8 by Line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11. $
Total Allowable Credit
Line 12
Add lines 5 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12. $
Line 13
Your carryover credit from prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13. $
Line 14
Add lines 12 and 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14. $
Line 15
Your current tax year tax liability. (See instructions.) . . . . . . . . . . . . . . . . . . . . . . . . . . . 15. $
Line 16
Multiply line 15 by 50% (0.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16. $
Line 17
Enter the smaller of line 14 or line 16. Enter this amount on the appropriate tax credit
schedule . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17. $
Line 18
Line 14 minus line 17. Unused credits may be carried forward for 15 years . . . . . . . . . . 18. $
NOTE: If filing a paper return, attach to your Income Tax Return. If filing electronically, keep a copy with your tax records.
34494013
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