Schedule Jobz - Jobz Tax Benefits - 2014 Page 2
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4JOBZ 2014, page 2
14702
Name of Taxpayer
Minnesota Tax ID or Social Security Number
JOBZ ID Number
Section B—To be completed by qualifi ed businesses that are C corporations
18 Alternative minimum taxable income before zone AMT exclusion (from AMTI, line 16) . . . . . . . . . 18
19 Multiply line 18 by the zone ratio on line 8. If the business relocated under a fully
executed business subsidy agreement after August 31, 2005, see instructions . . . . . . . . . . . . . . 19
20 Zone AMT exclusion for corporation franchise (enter the amount from line 16 or 19,
whichever is less). Enter the result here and include on AMTI, line 17 . . . . . . . . . . . . . . . . . . . . . . 20
Section C—To be completed by qualifi ed businesses that are corporations or partnerships
21 Total zone property and zone payroll (add line 5, column A, and line 6, column A). If your property
and payroll are located entirely within the zone, skip lines 21 and 22 and enter zero on M4A,
line 12 (C corporations); M3A, line 9 (partnerships); or M8A, line 9 (S corporations) . . . . . . . . . . 21
22 Zone minimum fee adjustment (enter the amount from line 16 or 21, whichever is less) . . . . . 22
Include the result as a subtraction on Form: M4A, line 10 (C corporations);
M8A, line 7 (S corporations); or M3A, line 7 (partnerships).
Section D—To be completed by partnerships, S corporations, estates, trusts, sole proprietors and individuals with
rental income or gains from property used by a qualifi ed business in a zone
23 Net rents derived from real or tangible personal property
used by a qualifi ed business located in the zone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23
24 Number of days the property was used in the zone by a qualifi ed business . . . . . . . . . . . . . . . . . . 24
25 Divide line 24 by 365 (enter 1.00 if the property was used in the zone for the entire year) . . . . . 25
26 JOBZ rent subtraction (multiply line 23 by line 25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
27 Net gains from the sale or exchange of real property used by a
qualifi ed business located in the zone (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27
28 Net gains from the sale or exchange of tangible personal property
used by a qualifi ed business in the zone (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
29 Net gains from the sale of an ownership interest in a qualifi ed business (see instructions) . . . . . 29
30 Zone investment income (add lines 26 through 29) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Partnerships and S corporations: See instructions. Estates and trusts: Include the result on
Form M2, line 38. Individuals and sole proprietors: Include the result on Schedule M1M, line 30.
Section E—To be completed by all qualifi ed businesses
31 Zone payroll (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
32 2003 zone payroll (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32
33 Subtract line 32 from line 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
34 Total payroll in Minnesota (amount from line 6, column B, of this schedule) . . . . . . . . . . . . . . . . . 34
35 2003 Minnesota payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
36 Subtract line 35 from line 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
37 Amount from line 33 or line 36, whichever is less (if zero or less, stop here; you do not qualify) . 37
38 Number of full-time equivalent employees in zone during the taxable year . . . . . . . . . . . . . . . . . . 38
39 Number of full-time equivalent employees in zone during 2003 . . . . . . . . . . . . . . . . . . . . . . . . . . . 39
40 Subtract line 39 from line 38 (if zero or less, enter zero)
Enter a maximum of two decimal places . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40
41 Multiply line 40 by $38,090. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
42 Subtract line 41 from line 37 (if zero or less, stop here; you do not qualify for this credit) . . . . . . 42
43 JOBZ Jobs Credit (multiply line 42 by .07) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
C corporations: Include the result on Form M4, line 5. S corporations: Include the result on Form
M8, line 11. Partnerships: Include the result on Form M3, line 8. Estates and trusts: Include the
result on Form M2, line 15c. Sole proprietors: Include the result on Schedule M1B, line 3.
Nonprofi t organizations: Include the result on Schedule M4NPI, line 4a.
You must include this schedule when you fi le your tax return (Form M1, M2, M3, M4, M8 or M4NP).
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