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500
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Georgia Form
Individual Income Tax Return
Georgia Department of Revenue
2015
YOUR SOCIAL SECURITY NUMBER
SCHEDULE 2 CREDIT USAGE AND CARRYOVER
See IT-511 Tax Booklet
1. Complete Form IND-CR if applicable and enter the total on Line 1 of the summary section below. A separate Schedule 2 must be completed for
each non IND-CR Credit. Total Line 14 of each Schedule 2 and enter the total on Line 2 of the summary section below. The summary section should
only be completed on the first Schedule 2.
2. The taxpayer must indicate which credits are being used for both the IND-CR and non IND-CR credits.
3. If there is a credit eligible for carryover to 2015, please complete the schedules even if the credit is not used in 2015.
4. See the IT-511 Tax Booklet for a list of non IND-CR credit type codes.
5. See the relevant forms, statutes, and regulations to determine how the credit is allocated to the owners, to determine when carryovers
expire, and to see if the credit is limited to a certain percentage of tax.
6. If the credit for a particular non IND-CR credit code originated with more than one person or company, enter separate information on Lines 6 through 11 below.
7. The credit certificate number is issued for credits that are preapproved. If applicable, please enter the credit certificate number where indicated.
8. Before the Line 15 and IND-CR carryovers are applied to next year, the amount must be reduced by any amounts elected to be applied to withholding in
2015 (for businesses only) and by any carryovers that have expired.
Low Income Credit and Other State(s) Tax Credit have been moved to the IND-CR page 7.
Summary of Credits Used
.
00
Credits used from IND-CR..................
1.
1.
......................................................
.
Total credits used from all non IND-CR credits
. 2
00
(Total of Line 14 for each credit)
...............................................................
2.
.
Total credits used (Enter here and on Line 17, Page 3 of Form 500.
3.
00
This amount cannot exceed Line 16, Page 3 of Form 500)
...................
3.
Non IND-CR Credits
For the credit generated this year, list the Company Name, ID number, Credit Certificate number, if applicable, and % of credit (purchased
credits should also be included). If the credit originated with this taxpayer, enter this taxpayer’s name and ID# below and 100% for the
percentage.
Credit Type Code (Enter here and on Page 7)
4.
........................................
4.
.
5.
Credit remaining from previous years
(For businesses only, do not
00
include amounts elected to be applied to withholding)...............................
5.
6. COMPANY NAME
CREDIT CERTIFICATE #
% OF CREDIT
ID NUMBER
CREDIT GENERATED IN 2015
.
00
7. COMPANY NAME
CREDIT CERTIFICATE #
% OF CREDIT
ID NUMBER
CREDIT GENERATED IN 2015
.
00
Additional Schedule 2
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