Form 305 - Manufacturing Equipment And Employment Investment Tax Credit - 2015 Page 2
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5PART V
CALCULATION OF THE ALLOWABLE CREDIT AMOUNT
21. Enter tax liability from page 1, line 9 of CBT-100 or BFC-1 or line 4 of CBT-100S . . . . . . . . . . . . . . . . . . .
21.
22. Enter the required minimum tax liability as indicated in instruction (b) for Part V . . . . . . . . . . . . . . . . . . . .
22.
23. Subtract line 22 from line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
23.
24. Enter 50% of the tax liability reported on line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
24.
25. Enter the lesser of line 23 or line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25.
26. Tax Credits taken on current year’s return:
a)______________________________
______________________________
b)______________________________
______________________________
c)______________________________
______________________________
d)______________________________
______________________________
TOTAL 26.
27. Subtract line 26 from line 25. If the result is less than zero, enter zero . . . . . . . . . . . . . . . . . . . . . . . . . . .
27.
28. Allowable credit for the current tax period - Enter the lesser of line 20 or line 27 here and on
Schedule A-3 of the CBT-100, the CBT-100S or the BFC-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28.
PART VI
MANUFACTURING EQUIPMENT AND EMPLOYMENT INVESTMENT TAX CREDIT CARRYOVER
Complete this schedule if the allowable tax credit is less than the total credit available for the current year or if a tax credit was carried forward
from a previous tax year. Read the instructions for Part VI before completing this schedule.
A
B
C
D
E
F
G
H
2008
2009
2010
2011
2012
2013
2014
2015
1. Enter the tax credit
calculated for each
tax year *
2. Enter the amount
used in tax year:
a) 2008
b) 2009
c) 2010
d) 2011
e) 2012
f) 2013
g) 2014
h) 2015
3. Carryover amount -
Line 1 minus Lines
2(a) through 2(h)
4. Total tax credit carryover, total of line 3, columns A through H . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
* Exclude the amount of any tax credit carried over from a prior tax year.
Form 305 (07-15, R-04)
Page 2
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