Form 3554 - California New Employment Credit - 2015

CALIFORNIA FORM

TAXABLE YEAR

3554

2015

New Employment Credit

Attach to your California tax return.







Name(s) as shown on your California tax return

SSN or ITIN

CA Corporation no.

FEIN

California Secretary of State (SOS) file number

A. Check the appropriate box for your entity type









Individual

Estate

Trust

C Corporation



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S Corporation

Partnership

Exempt organization

Limited liability company

Limited liability partnership

B.

)

Enter the name of the entity “operating” in a Designated Geographical Area (DGA

C. Enter one address (actual location) of the business operating in the DGA

D. Does the business have at least one location in a pilot area?





Yes

No

E. Did the business receive a tentative reservation for all claimed employees?





Yes

No

If no, stop. See instructions.

F. Principal Business Activity Code of the business

G. Previous taxable year’s gross receipts

Part I Net Increase in Full-Time Employees

Section A – Enter your base year

. See Part I, instructions for base year rules.

Complete Section A to calculate the total number of annual full-time equivalents working in California during the base year. See Part I, instructions for

base year rules.

1 Number of full-time hourly and salaried employees that were employed for the entire taxable year . . . . . . . . . . . . . . . . . . . .

1

2 Number of full-time hourly employees that were employed for less than 52 weeks during the taxable year . . . . . . . . . . . . . .

2

3 Total number of hours worked by employees in line 2 (not to exceed 2,000 hours per employee) . . . . . . . . . . . . . . . . . . . . .

3

4 Divide line 3 by 2000. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

.

5 Number of full-time salaried employees that were employed for less than 52 weeks during the taxable year . . . . . . . . . . . . .

5

6 Total number of weeks worked by employees in line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

7 Divide line 6 by 52. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7

.

8 Base year annual full-time equivalents. Add lines 1, 4 and 7. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8

.

Section B – Taxable year 2015.

Complete Section B to calculate the total number of annual full-time equivalents in California during the current taxable year.

9 Number of full-time hourly and salaried employees that were employed for the entire taxable year . . . . . . . . . . . . . . . . . . . .

9

10 Number of full-time hourly employees that were employed for less than 52 weeks during the taxable year . . . . . . . . . . . . . .

10

11 Total number of hours worked by employees in line 10 (not to exceed 2,000 hours per employee) . . . . . . . . . . . . . . . . . . . .

11

12 Divide line 11 by 2000. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12

.

13 Number of full-time salaried employees that were employed for less than 52 weeks during the taxable year . . . . . . . . . . . . .

13

14 Total number of weeks worked by employees in line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14

15 Divide line 14 by 52. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15

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16 Current year annual full-time equivalents. Add lines 9, 12 and 15. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

16

.

Part II Available Credit

17 Net increase in full-time employees. Subtract line 8 from line 16. If the amount on line 17 is zero

or less, stop, you do not qualify . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . .

17

.



18 Total qualified full-time employees. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . .

18

19 Applicable percentage. Divide line 17 by line 18 (not to exceed 1.0000) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . .

19

.

20 Tentative credit. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20

00

21 Credit generated. Multiply line 20 by line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . .

21

00



22 Pass-through new employment credit(s) from Schedule K-1 (100S, 541, 565, or 568). See instructions . . . .

. . . . . . . . . . .

22

00



23 Credit carryover from prior year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . .

23

00



24 Total available new employment credit. Add line 21, line 22, and line 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . .

24

00

25a Credit claimed. Enter the amount of the credit claimed on the current year tax return. See instructions.

(Do not include any assigned credit claimed on form FTB 3544A.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . .



25a

00

b Total credit assigned. Enter the total amount from form FTB 3544, column (g).

If you are not a corporation, enter -0-. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

. . . . . . . . . . .

25b

00

26 Credit carryover available for future years. Add line 25a and line 25b, subtract the result from line 24 . . . . . .

. . . . . . . . . . .

26

00

Part III Credit Recapture

27 Credit Recapture. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

27

00

FTB 3554 2015 Side 1

8431153

For Privacy Notice, get FTB 1131 ENG/SP.