California Schedule P (100) - Alternative Minimum Tax And Credit Limitations - Corporations - 2012 Page 2

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Part I

Tentative Minimum Tax (TMT) and Alternative Minimum Tax (AMT) Computation (continued)

17 TMT. Add line 15 and line 16 from Side 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17

18 Regular tax before credits. Enter the amount from Form 100, line 24 or Form 109, line 10. See instructions . . . . . . . . . . . . . . . 18

19 AMT. Subtract line 18 from line 17. If zero or less, enter -0-. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19

Part II Credits that Reduce Tax

1 Regular tax from Form 100, line 24 or Form 109, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 TMT (before credits) from Part I, line 17 (but not less than the minimum franchise tax, if applicable) . . . . . . . . . . . . . . . . . . .

(a)

(b)

(c)

(d)

Credit amount

Tax balance that

Credit used this

Credit

year

may be offset by

carryover

Section A – Credits that reduce excess regular tax.

credits

3 Subtract line 2 from line 1. If zero or less, enter -0- and see instructions.

This is the excess regular tax which may be offset by credits.

Note: Reduce the amount in column (c) by the New Jobs Credit amount claimed

on Form 100, line 25b, if applicable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

A1 Credits that reduce excess regular tax and have no carryover provisions.

4 Code: 162 Prison inmate labor credit. See instructions. . . . . . . . . . . . . . . . . . . .

A2 Credits that reduce excess regular tax and have carryover provisions.

See instructions.

5 Code: ___ ___ ___ Credit Name: ______________________________________

6 Code: ___ ___ ___ Credit Name: ______________________________________

7 Code: ___ ___ ___ Credit Name: ______________________________________

8 Code: ___ ___ ___ Credit Name: ______________________________________

9 Code: 188 Credit for prior year AMT from Part III, line 3. . . . . . . . . . . . . . . . . . .

Section B – Credits that may reduce regular tax below TMT.

10 If Part II, line 3 is zero, enter the amount from line 1 minus the minimum

franchise tax, if applicable. If line 3 is more than zero, enter the total of Part II,

line 2, minus the minimum franchise tax, if applicable, plus line 9, column (c) or

the last entry in column (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B Credits that reduce net tax and have carryover provisions. See instructions.

11 Code: ___ ___ ___ Credit Name: ______________________________________

12 Code: ___ ___ ___ Credit Name: ______________________________________

13 Code: ___ ___ ___ Credit Name: ______________________________________

14 Code: ___ ___ ___ Credit Name: ______________________________________

Section C – Credits that may reduce AMT. See instructions.

15 Enter the AMT from Part I, line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16a Code: 180 Solar energy credit carryover from Section B, column (d) . . . . . . . . . 16a

16b Code: 181 Commercial solar energy credit carryover from

Section B, column (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16b

17a Code: 176 Enterprise zone hiring & sales or use tax credit carryover

from Section B, column (d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17a

17b Code: 199 Manufacturers’ investment credit carryover from Section B,

column (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17b

18 Adjusted AMT. Enter the balance from line 17b, column (c) here and on

Form 100, Side 1, line 30 or Form 109, Side 1, line 13 . . . . . . . . . . . . . . . . . . . . .

Part III Credit for Prior Year AMT

1 Enter the AMT from the 2011 Schedule P (100). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Carryover of unused credit for prior year AMT. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Total available credit. Add line 1 and line 2. Enter here and on Part II, line 9, column (a).. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Side 2 Schedule P (100) 2012

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