Form 9261 - Jobs Development Act Rate Reduction - 2012

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Form 9261
2012
State of Rhode Island and Providence Plantations
Division of Taxation
JDA Rate
Jobs Development Act Rate Reduction
Reduction
NAME OF ELIGIBLE COMPANY
ADDRESS
CITY
STATE
ZIP CODE
FEDERAL EMPLOYER IDENTIFICATION NUMBER
NAME OF ELIGIBLE SUBSIDIARY
ADDRESS
CITY
STATE
ZIP CODE
FEDERAL EMPLOYER IDENTIFICATION NUMBER
IF A SUBSIDIARY FILING ON ITS OWN HAS A DIFFERENT FISCAL YEAR THAN ITS PARENT AND IS USING THE
PARENT’S CALCULATED RATE REDUCTION, IT MAY ONLY USE THAT REDUCTION IF THE SUBSIDIARY’S FISCAL
YEAR IS SUBSEQUENT TO THAT OF THE PARENT.
IF THE REDUCTION IS FOR A SUBSIDIARY, IT IS NECESSARY TO COMPLETE BOTH OF THE ABOVE SECTIONS.
ATTACH THIS FORM TO YOUR RI-1120C.
Rate Reduction Calculation
1.
1.
Adjusted Current Employment - Year Ending _________________ ......................................
2.
2.
Measurement Ending Date - ____________________ .........................................................
3.
3.
NEW EMPLOYMENT. Subtract line 2 from line 1 ..........................................................................................................
Units of New
.
a. For Small Business Concerns (Base Employment Level of Less than 100 FTEs) -
4
.
4a
Divide line 3 by 10.
(Round down to nearest whole number)
Employment
.
4
b. All Others - Divide line 3 by 50 - (Round down to nearest whole number)
4b.
5.
5.
RATE REDUCTION. Line 4a or line 4b times .0025 .....................................................................................................
6.
Adjusted Income Tax Rate - 9% (0.0900) less line 5 ......................................................................................................
6.
7.
Rhode Island Adjusted Taxable Income from RI-1120, line 12 .......................................................................................
7.
8.
8.
Tax at Rhode Island Rate of 9%. Multiply line 7 by .0900 .....................................................
9.
9.
Tax at Reduced Rate. Multiply line 7 by Rate on line 6 ........................................................
Rate Reduction Tax Credit Amount. Subtract line 9 from line 8. Enter the amount here and on Form RI-1120C,
10.
10.
Schedule D, line 14J .......................................................................................................................................................

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