Schedule Eoac - Economic Opportunity Area Credit - 2013
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32013
Schedule EOAC
Massachusetts
Economic Opportunity
Department of
Area Credit
Revenue
Name
Federal Identification or Social Security number
11 Type of business for which property is being used (check only one):
General Information
Sole proprietorship
Partnership
S corporation
Financial institution
Insurance company
Corporation
Public service corporation
Trust
Corporation included in a combined return
Other (specify)
Name and identification number of type of business indicated above
12 Type of return this schedule is filed with
13 Location of certified project
14 Date project was certified by EACC
Computation of 5% Current Year Economic Opportunity Area Credit (EOAC)
Cost (if not using
15 Briefly, but accurately, describe purchases of qualifying property for the
cost, explain on
Life or
5% EOAC. Complete details must be available upon request.
(years)
separate sheet)
Date
recovery
acquired
16 Total cost of property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
17 U.S. basis reduction, if any. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
18 Total cost of property after reduction. Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
19 Available current-year EOAC. Multiply line 8 by .05. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10 Total tax for determining allowable credit. Form 1, line 28; Form 1-NR/PY, line 32; or Form 2, line 41. Chapter 63
Credit Allowable in Current Year
taxpayers, see instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Total of other credits. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 Subtract line 11 from line 10. Not less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13 Enter 50% of line 12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 EOAC available this year. Add line 9 and prior years unused EOAC (from 2012 Schedule EOAC, line 17, col. c) 14
15 EOAC allowable for use in current year. If line 13 is greater than or equal to line 14, enter line 14. If line 13
is less than line 14 enter line 13. Also enter this amount on Form 1, Schedule Z; Form 1-NR/PY, Schedule Z;
Form 2, line 44. Corporate taxpayers, see instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
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