Schedule Eotc-1 - Economic Opportunity Tax Credit

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Schedule
EOTC-1
Economic Opportunity Tax Credit
Rev. 6-12
Tax Year:
Beginning:
Ending:
MM
YYYY
MM
YYYY
NAICS
FEIN, TID,
Code
or SSN
Business Name: ___________________________________________________________________
Street Address: ____________________________________________________________________
________________________________________________________________________________
City, Town or Post Office: ____________________________ State: _________ Zip Code_________
Certified Multiple Year Projects
1. Investment Year(s):
1.
2.
3.
Qualified
2. Investment Summary:
Cost
Percentage
Investment with Useful Life of 4-6 years
x 33.33%
Investment with Useful Life of 6-8 years
x 66.66%
Investment with Useful Life of 8+ years
x 100.00%
Total Qualified Investment
4.
New Jobs Percentage
If number of new jobs created is at least [Small Business Only]
10
then
10%
If number of new jobs created is at least [Corp. Headquarters Only]
15
then
10%
If number of new jobs created is at least
20
then
20%
If number of new jobs created is at least
280
then
25%
If number of new jobs created is at least
520
then
30%
Add 5% to new jobs percentage if you employ at least 75 full-time equivalent construction
workers at prevailing wage in $20 million or greater investment project.
3. Available Credit Calculation:
Qualified Investment
X
New Jobs Percentage
=
Tax Credit
X
10% / year
4. Pro-Rated Credit Allocation Summary at 10% per year for 10 years [Multiple year projects only]
Year Available
Year 1
+
Year 2
+
Year 3
=
Total Credit
+
+
=
+
+
=
+
+
=
+
+
=
+
+
=
+
+
=
+
+
=
+
+
=
+
+
=
+
+
=
Schedule EOTC-1 — Rev. 6-12
Page 1 of 2

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