Schedule Jobz - Jobz Tax Benefits - 2014

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Schedule JOBZ, JOBZ Tax Benefi ts 2014
Job Opportunity Building Zone (JOBZ) Exemptions, Exclusions, Subtractions and Credit
Name of Taxpayer Claiming Benefi ts
Minnesota Tax ID or Social Security Number
JOBZ ID Number
Name of Qualifi ed Business Operating in the Zone, if Different Than Taxpayer
Minnesota Tax ID or Social Security Number
Name of Zone and Subzone
BSA Effective Date
Benefi t or Operations Start Date
Type of Taxpayer
C Corporation
Partnership
S Corporation
Sole Proprietor
Individual
LLC
Tax-Exempt Nonprofi t
(check one box only):
Organization
Round amounts to the nearest whole dollar.
A
B
C
If your property and payroll are located entirely
In the Zone
In Minnesota
A ÷ B
within the zone, complete columns A and B,
(Sole Proprietors:
(carry to 5 decimal places)
and enter 1.00000 on line 8.
see instructions)
Section A—To be completed by all qualifi ed businesses
1 Average inventory . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Average tangible property and land
owned/used (at original cost) . . . . . . . . . . . . . . 2
3 Financial institutions only:
Average intangible property owned . . . . . . . . . 3
4 Capitalized rents paid by the qualifi ed
business (gross rents paid x 8) . . . . . . . . . . . . . 4
5 Total property (add lines 1 through 4,
columns A and B) . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Total payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Total property and payroll (add line 5, column C, and line 6, column C) . . . . . . . . . . . . . . . . . . . . . . 7
8 Zone ratio (divide line 7 by two; carry to fi ve decimal places) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9 Minnesota source income from the qualifi ed business
operating in the zone (determine from instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10 Multiply the zone ratio on line 8 by line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Did the qualifi ed business relocate under a fully executed
business subsidy agreement after August 31, 2005?
No. Skip lines 11, 12 and 13, and continue with line 14.
Yes. Continue with line 11.
11 Adjusted 2014 relocated zone payroll (determine from instructions) . . . . . . . . . . . . . . . . . . . . . . . 11
12 Divide line 11 by line 6, column A (carry to fi ve decimal places) . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13 Multiply line 10 by line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 Adjusted basis of property at the time your property is fi rst used in the zone . . . . . . . . . . . . . . . . 14
15 Add line 6, column A, and line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Limit (multiply line 15 by .20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17 Zone exemption. Enter the amount from line 10 or line 16, whichever is less.
Or if the qualifi ed business relocated after August 31, 2005, enter the amount
from line 13 or line 16, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
C corporations: Include the result on Form M4T, line 9. Partnerships, S corporations, estates
and trusts: Pass through to your partners, shareholders or benefi ciaries (see instructions).
Sole proprietors: Include the result on Schedule M1M, line 30.
Nonprofi t organizations: Include the result on Schedule M4NPI, line 2a.
(Continued)

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