California Form 3540 - Credit Carryover And Recapture Summary - 2013
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4Credit Carryover and
TAXABLE YEAR
CALIFORNIA FORM
Recapture Summary
2013
3540
Attach to your California tax return.
N
SSN or ITIN
CA Corporation no.
FEI
Name(s) as shown on your California tax return
California Secretary of State (SOS) file number
Part I – Credit Carryover
(a)
(b)
(c)
(d)
(e)
Code
Name of
Credit carryover available
Credit carryover
Credit carryover to
used this year
future years
repealed credit
from prior years
Part II – Credit Recapture (See Credit Recapture Instructions)
(a)
(b)
(c)
Total credit claimed for all years
Proration percentage:
Credit recapture amount
Employer Childcare
(60 months less number of months facility
column (a) x column (b)
Program Credit (ECPC)
operated ÷ 60 months)
___ ___ ___ . ___ ___ ___ ___
Code 189
(a)
(b)
(c)
Total credit claimed for all years
Proration percentage:
Credit recapture amount
Farmworker Housing
(360 months less number of months facility
column (a) x column (b)
Credit (FWHC)
operated ÷ 360 months)
___ ___ ___ . ___ ___ ___ ___
Code 207
You do not need to complete this form if you file Schedule P (100,
General Information
100W, 540, 540NR, or 541). However, complete this form if you are
References in these instructions are to the California Revenue and
required to report a credit recapture on Part II.
Taxation Code (R&TC).
B Assignment of Credits
Part I Carryover
Assigned Credits to Affiliated Corporations – For taxable years
A Purpose
beginning on or after July 1, 2008, credits earned by members of a
combined reporting group may be assigned to an affiliated corporation
Use form FTB 3540, Credit Carryover and Recapture Summary, Part I,
that is a member of the same combined reporting group. A credit
to figure a prior year credit carryover of one or more repealed credits
assigned may only be applied by the affiliated corporation against their
that no longer have separate credit forms. Credit carryovers may
tax in a taxable year beginning on or after January 1, 2010.
not be carried back and applied against a prior year’s tax. The repeal
dates have passed for the credits listed on this form, however, these
For more information, get form FTB 3544, Election to Assign Credit
Within Combined Reporting Group, or form FTB 3544A, List of
credits have carryover provisions. You may claim these credits only if
carryovers are available from a prior year(s).
Assigned Credit Received and/or Claimed by Assignee or go to
ftb.ca.gov and search for credit assignment.
You must keep your old tax returns along with the appropriate
C Credit Carryover
information to substantiate that you are entitled to the credits claimed
on this form. The FTB can request that information even on tax returns
Use the credit code number listed to the left of the credit name when
for years that are past the statute of limitations.
you enter the credit amount on your tax return.
Business Tax Credit Limitation – For taxable years beginning on
Code 175 – Agricultural Products Credit Carryover
or after January 1, 2008, and before January 1, 2010, business tax
credits could only offset 50% of the tax (corporations) or net tax
You may claim a credit carryover if you donated agricultural products
(individuals), if a corporation’s taxable income was $500,000 or
to a nonprofit organization under former R&TC Sections 17053.12
more, or if an individual’s net business income was $500,000 or more.
and 23608, only if a carryover is available from taxable years 1989
Business tax credits disallowed due to the 50% limitation may be
through 1991.
carried over. The carryover period for disallowed credits was extended
by the number of taxable years the credits were not allowed.
FTB 3540 2013 Side 1
7351133
For Privacy Notice, get FTB 1131 ENG/SP.
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