Form N-318 - High Technology Business Investment Tax Credit - 2015 Page 4
Download a blank fillable Form N-318 - High Technology Business Investment Tax Credit - 2015 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form N-318 - High Technology Business Investment Tax Credit - 2015 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4PAGE 4
FORM N-318
(REV. 2015)
PART III. RECAPTURE OF HIGH TECHNOLOGY BUSI-
same QHTB in different years, report each year’s investment in a separate
column (if more than three years, attach a schedule to Form N-318). Also,
NESS INVESTMENT TAX CREDIT
if the tax year includes periods both before and after May 1, 2009, use
Line 8.—Enter the total amount of recapture of the credit reported on all
separate columns for investments received by the QHTB before May 1,
2009 and those received on or after May 1, 2009.
Schedule K-1s issued to the taxpayer.
Line 2.—Enter the amount of the investment for each QHTB (see General
Instructions for the definition of “Investment”).
CREDIT WORKSHEET
Line 3.—Enter the rate applicable to the tax year in which the investment
Tax Credit
Amount
was made. For applicable rates, refer to the Rate Table as follows:
a. Income Taxes Paid to Another
State or Foreign Country .......
Rate Table
b.
Enterprise Zone Tax Credit ....
Applicable rate for investments made in
tax year 2010
c.
Carryover of the Energy
a
Conservation Tax Credit .........
Year of investment
Tax Year 2010:
35% Up to max of $700,000 per QHTB
d. Credit for Employment of
First year following year of
a
Tax Year 2011:
Vocational Rehabilitation
investment
25% Up to max of $500,000 per QHTB
Referrals ................................
Second year following year of
a
Tax Year 2012:
e.
Carryover of the Individual
investment
20% Up to max of $400,000 per QHTB
Development Account
a
Third year following year of
Tax Year 2013:
Contribution Tax Credit ..........
investment
10% Up to max of $200,000 per QHTB
f.
Credit for School Repair and
a,b
Fourth year following year of
Tax Year 2014:
Maintenance ..........................
investment
10% Up to max of $200,000 per QHTB
g. Carryover of the Renewable
a
The twelve-month period to claim the credit (including claims on amend-
Energy Technologies Income
ed returns) has expired for the indicated tax years.
Tax Credit (For Systems
Installed and Placed In Service
b
In the case of a partnership, S corporation, estate, or trust, which has a
Before July 1, 2009) ...............
fiscal year end, the partner, member, shareholder, and beneficiary may still
h. Renewable Energy Technologies
claim the credit. For example, a partnership with a fiscal year beginning
Income Tax Credit (Nonrefundable)
December 1, 2014 would file a 2014 tax return. However, the partner will
report the income from the partnership on the partner’s 2015 tax return.
i.
Low-Income Housing Tax Credit
Line 5.—Partnerships.—First, multiply the number of partners in the
j.
Add lines a through i. Enter
partnership by $2,000,000. Next, multiply the first result by the percentage
the amount here and on
entered on line 3. Compare the second result with the amount on line 4
Part II, line 11 .........................
and enter the lesser amount on line 5.
Line 7.—Enter the total amount of credit reported on all Schedule K-1s is-
sued to the taxpayer for the indicated investments.
Line 11.—The law requires that ALL other credits, except for the technol-
ogy infrastructure renovation tax credit, offset a taxpayer’s tax liability
BEFORE allowing a credit for investment in a QHTB. Complete the Credit
Worksheet on this page and enter the result on line 11.
FORM N-318
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial