Form 3808 - California Manufacturing Enhancement Area Credit Summary - 2014 Page 2

Schedule Z Computation of Credit Limitations — Manufacturing Enhancement Area

Part I Computation of Credit Limitations. See instructions .

1 Trade or business income . Individuals: Enter the amount from Worksheet II, Section B, line 14, column (c) on

this line and on line 3 (skip line 2) . See instructions . Corporations which file a combined report, enter

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the taxpayer’s business income apportioned to California (see form FTB 3808, Part II instructions) . . . . . . . . . . . .

1

2 Corporations: Enter the average apportionment percentage from Worksheet II, Section A, line 4 . See instructions . .

2

3 Multiply line 1 by line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

4 a Compute the amount of tax due using the amount on line 3 .

See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a

b Enter the amount of tax from Form 540, line 35; Long Form 540NR, line 42;

Form 541, line 21; Form 100, line 23; Form 100W, line 23; Form 100S, line 21; or

Form 109, line 10 . Corporations and S corporations, see instructions . . . . . . . . . . 4b

5 Enter the smaller of line 4a or line 4b . This is the limitation based on the MEA income . Go to Part II, Part III,

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or Part IV . See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

Part II Limitation of Credits for Corporations, Individuals, Estates, and Trusts. See instructions .

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

Credit

Credit

Total

Total credit

Total credit

Limitation

Credit used on

Total credit

name

amount

prior year

assigned from

sum of col . (b)

based on

Sch . P

carryover

carryover

form FTB 3544,

plus col . (c),

MEA business

Can never be

col . (e) minus

col . (g)

minus col . (d)

income

greater than col . (e)

col . (f)

or col . (f)

A

6 Hiring credit

B

Part III Limitation of Credits for S Corporations Only. See instructions .

(a)

(b)

(c)

(d)

(e)

(f)

(g)

Credit

Credit

S corporation credit

Total

Total credit

Credit used

Carryover

name

amount

col . (b)

prior year

col . (c) plus

this year by

col . (e) minus

multiplied by 1/3

carryover

col . (d)

S corporation

col . (f)

7 Hiring credit

Part IV Limitation of Credits for Corporations and S Corporations Subject to Paying Only the Minimum Franchise Tax. See instructions .

(a)

(b)

(c)

(d)

(e)

Credit

Credit

Total prior

Total credit assigned

Total credit carryover

name

amount

year carryover

from form FTB 3544,

sum of col . (b) plus

col . (g)

col . (c), minus col . (d)

8 Hiring credit

Refer to page 3 for information on how to claim the credit .

Side 2 FTB 3808 2014

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