Form 3547 - California Donated Agricultural Products Transportation Credit - 2015
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1
2Donated Agricultural Products
TAXABLE YEAR
CALIFORNIA FORM
2015
3547
Transportation 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 file number
1 Eligible transportation costs. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
00
2 Current year credit. Multiply line 1 by 50% (.50). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
00
3 Pass-through donated agricultural products transportation credit(s) from
Schedule K-1 (100S, 541, 565, or 568). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
00
4 Total current year donated agricultural products transportation credit. Add line 2 and line 3 . . . . . . . . . . . . 4
00
5 Credit carryover from a prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
00
6 Total available donated agricultural products transportation credit. Add line 4 and line 5 . . . . . . . . . . . . . . . 6
00
7 a 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.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7a
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7b
00
8 Credit carryover available for future years. Add line 7a and line 7b, subtract the result from line 6. . . . . . . . 8
00
General Information
Certification
You must receive a certificate from the nonprofit charitable organization
References in these instructions are to the Internal Revenue Code (IRC)
certifying that your agricultural product donation is in accordance with
as of January 1, 2015, and to the California Revenue and Taxation
the provisions of the California Food and Agricultural Code. You should
Code (R&TC).
retain this certificate and provide a copy to the FTB upon request.
A Purpose
D Definitions
Use form FTB 3547, Donated Agricultural Products Transportation
Agricultural product – Any fowl, animal, vegetable or other stuff, product
Credit, to figure the amount of credit allowed for the transportation of
or article which is customary or proper food for human beings.
agricultural products donated to nonprofit charitable organizations.
Nonprofit charitable organization – A charitable organization that has
Also use this form to claim pass-through donated agricultural
exempt status under IRC Section 501(c)(3) or R&TC Section 23701d.
products transportation credits received from S corporations, estates,
Transportation costs – Reasonable transportation or travel expenses
trusts, partnerships, or limited liability companies (LLCs) treated as
(including meals) incurred in performing services away from home for
partnerships.
qualified organizations if no significant element of personal pleasure,
S corporations, estates, trusts, partnerships, and limited liability
recreation, or vacation is involved. You may include parking fees and
companies (LLCs) classified as partnerships should complete form
tolls in the actual transportation costs; however, you may not include
FTB 3547 to figure the amount of credit to pass through to shareholders,
depreciation and insurance. You may determine eligible transportation
beneficiaries, partners, or members. Attach this form to Form 100S,
costs in either of the following ways:
California S Corporation Franchise or Income Tax Return; Form 541,
• $.14 (fourteen cents) per mile
California Fiduciary Income Tax Return; Form 565, Partnership Return
• The actual transportation expenses
of Income; or Form 568, Limited Liability Company Return of Income.
Show the pass-through credit for each shareholder, beneficiary, partner,
E Limitations
or member on Schedule K-1 (100S, 541, 565, or 568), Share of Income,
No credit will be allowed unless you have received a certificate from
Deductions, Credits, etc.
the donee nonprofit charitable organization certifying donation of the
B Description
agricultural products.
S corporations may claim only 1/3 of the credit against the 1.5% entity-
You are allowed a credit of 50% of the eligible transportation costs
level tax (3.5% for financial S corporations). The remaining 2/3 must be
paid or incurred in connection with the transportation of any donated
disregarded and may not be used as carryover. S corporations may pass
agricultural products donated to nonprofit charitable organizations.
through 100% of the credit to their shareholders.
C Qualifications
If a C corporation had unused credit carryovers when it elected
S corporation status, the carryovers were reduced to 1/3 and transferred
To qualify for this credit, you must be engaged in the business of
to the S corporation. The remaining 2/3 were disregarded. The allowable
processing, distributing, or selling agricultural products. You may claim
carryovers may be used to offset the 1.5% tax on net income in
the credit for eligible transportation costs paid or incurred in connection
accordance with the respective carryover rules. These C corporation
with the donation of any agricultural product to a nonprofit charitable
carryovers may not be passed through to shareholders. For more
organization. If two or more taxpayers share in the expenses eligible
information, get Schedule C (100S), S Corporation Tax Credits.
for the credit, each taxpayer shall be eligible to receive the tax credit in
proportion to their respective share of the expenses paid or incurred.
FTB 3547 2015 Side 1
7371153
For Privacy Notice, get FTB 1131 ENG/SP.
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