Form 1801ac 0009 - Application & Computation Schedule For Claiming Delaware Land & Historic Resource Conservation Tax Credits - 2011

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2011
STATE OF DELAWARE
DIVISION OF REVENUE
820 North French St.
FORM 1801AC 0009
P.O. Box 8911
APPLICATION & COMPUTATION SCHEDULE FOR CLAIMING
Wilm., DE 19899-8911
DELAWARE LAND & HISTORIC RESOURCE CONSERVATION TAX CREDITS
ST
FORM 1801AC MUST BE COMPLETED AND SUBMITTED ON OR BEFORE JANUARY 31 AFTER THE END OF THE
CALENDAR YEAR DURING WHICH THE QUALIFIED LAND WAS CONVEYED TO A QUALIFIED CONSERVATION AGENCY.
PART A -- NAME AND ADDRESS OF APPLICANT
1. Enter Federal Employer Identi cation Number or Social Security Number
Tax Period Ending Date
( MM / DD / YY )
Federal Employer Identi cation Number:
1 ---
---
Social Security Number:
2 ---
---
---
_______ / _______ /_______
2. Type of Entity
C Corporation
S Corporation
Partnership
Individual/Sole Proprietor
(Enter type of entity)
Estate/Trust
Decedent Estate
Other Pass-Through Entity:
3. Name of Applicant
4. Address
5. Delaware Address (if di erent from above)
6. Contact Person
Telephone Number
Fax Number
E-mail Address
PART B – DELAWARE LAND & HISTORIC RESOURCE CONSERVATION TAX CREDIT COMPUTATION
1.
Fair Market Value of Qualified Land Conveyed to a Qualified Conservation Agency
$
_________________
(Please attach a copy of the formal appraisal)
.40
2.
Multiply Line 1 by 40%
Delaware Land & Historic Resource Conservation Tax Credit Before Limitation
$
_________________
3.
50,000
4.
Maximum Amount of Credit
$
Enter the Smaller of Line 3 or Line 4.
$
_________________
5. Delaware Land & Historic Resource Conservation Credit.
STOP: IF THE TYPE OF ENTITY APPLYING FOR THE CREDIT IS:
C CORPORATION – Enter the amount from Line 5 on Form 700, Delaware Income Tax Credit Schedule, Line 17(a).
S CORPORATION – Multiply the amount on Line 5 by the percentage of stock owned by each shareholder. Enter the result on Form 700, Delaware
Income Tax Credit Schedule, Line 17(b).
PARTNERSHIP – Multiply the amount on Line 5 by the percentage ownership of each partner. Enter the result on Form 700, Delaware Income Tax
Credit Schedule, Line 17(c).
INDIVIDUAL & SOLE PROPRIETOR – Enter the amount from Line 5 on Form 700, Delaware Income Tax Credit Schedule, Line 17(d).
RESIDENT & NONRESIDENT ESTATES & TRUSTS – Multiply the amount on Line 5 by the percentage share of each beneficiary. Enter the result on
Form 700, Delaware Income Tax Credit Schedule, Line 17(e).
RESIDENT & NONRESIDENT DECEDENT ESTATES – Enter the amount from Line 5 on Form 700, Delaware Income Tax Credit Schedule, Line
17(f).
THE TOTAL AMOUNT OF CREDITS APPROVED BY THE DIRECTOR WITH RESPECT TO ALL APPLICANTS FOR THE DELAWARE LAND & HISTORIC
RESOURCE CONSERVATION TAX CREDITS SHALL NOT EXCEED $1,000,000 IN ANY CALENDAR YEAR. IF THE AMOUNT OF DELAWARE LAND &
HISTORIC RESOURCE CONSERVATION TAX CREDITS FOR WHICH ALL TAXPAYERS APPLIED IN ANY CALENDAR YEAR EXCEEDS $1,000,000, THEN
THE DELAWARE LAND & HISTORIC RESOURCE CONSERVATION TAX CREDITS TO BE RECEIVED BY EACH APPLICANT SHALL BE THE PRODUCT OF
$1,000,000 MULTIPLIED BY A FRACTION, THE NUMERATOR OF WHICH IS THE ELIGIBLE DELAWARE LAND & HISTORIC RESOURCE CONSERVATION
TAX CREDIT APPLIED FOR BY THE APPLICANT AND THE DENOMINATOR IS THE TOTAL OF ALL ELIGIBLE DELAWARE LAND & HISTORIC RESOURCE
CONSERVATION TAX CREDITS APPLIED FOR BY ALL APPLICANTS.
NAME
TITLE
DATE
Revised 12/09/10

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