Form Dr-116000 - Application For Tax Credit Allocation For Contributions To Nonprofit Scholarship-Funding Organizations (Sfos) Page 2

DR-116000

R. 07/15

Instructions for Completing Form

You may apply for this credit allocation using the Department’s

and the overall impact it has on the federal income tax due.

website at When applying for a tax

The amount taken as a credit for the taxable year must be

credit allocation, a separate application is required for each

added back to taxable income. A copy of the certificate of

nonprofit scholarship-funding organization, each separate

contribution from each nonprofit SFO must be attached to the

beverage license, and each sales tax certificate number. The

return when claiming the credit.

tax year for insurance premium tax is the current calendar year.

Excise Tax on Liquor, Wine, and Malt Beverages

For corporate income tax, you must specify the applicable tax

One hundred percent of an eligible contribution is allowed

year. For all other taxes, you must specify the applicable state

as a credit against any tax due under s. 563.05, 564.06, or

fiscal year.

565.12, F.S., except excise taxes imposed on wine produced

Once you complete the online application you will receive

by manufacturers in this state from products grown in this

a confirmation number that you can print out. The screen

state. The amount of the credit taken may not exceed ninety

will display the information entered and confirm receipt

percent of the tax due on the return. A copy of the certificate

of the electronic application for credit allocation or credit

of contribution from each nonprofit SFO must be attached to

carryforward.

the return when claiming the credit.

The Department will send you written correspondence within

Insurance Premium Tax

10 working days of receiving your application. We will either

One hundred percent of an eligible contribution is allowed

approve an amount of tax credit allocation or explain why a

as a credit against any tax due under s. 624.509, F.S., after

credit allocation could not be approved.

deducting from such tax:

Who May Apply?

1. Deductions for assessments made pursuant to

s. 440.51, F.S. (workers compensation administrative

The following taxpayers may participate in the Florida Tax

Credit Scholarship Program for contributions to nonprofit

assessments),

SFOs:

2. Credits for taxes paid under ss. 175.101 and 185.08,

• Florida oil and gas production taxpayers (ss. 211.02 and

F.S. (firefighters’ and police officers’ pension trust funds),

211.025, F.S.).

and

• Taxpayers who pay sales tax under a direct pay permit

3. Credits for income tax paid under Chapter 220 F.S.,

and the salary credit allowed under s. 624.509(5), F.S.,

(s. 212.183, F.S.).

as these are limited by s. 624.509(6), F.S. (the sixty-five

percent limitation).

• Corporate income taxpayers (Chapter 220, F.S.).

A copy of the certificate of contribution from each nonprofit

• Taxpayers who pay excise tax on liquor, wine, and malt

SFO must be attached to the return when claiming the credit.

beverages (ss. 563.05, 564.06, and 565.12, F.S.).

Program Information

• Insurance premium taxpayers (s. 624.509, F.S.).

If the credit is not fully used in any applicable tax year (for

Oil and Gas Production Tax

corporate income or insurance premium tax) or state fiscal

One hundred percent of an eligible contribution is allowed as

year (for excise tax on malt beverages, wine, and liquor; oil

a credit, but the amount of the credit taken may not exceed

and gas production tax; or sales tax), application may be

fifty percent of the tax due on the return. A copy of the

made to obtain approval to carry forward the unused credit

certificate of contribution from each nonprofit SFO must be

in a subsequent year. An unused credit cannot be carried

attached to the return when claiming the credit.

forward more than 5 years. The credit cannot be conveyed,

assigned, or transferred to another entity unless the other

Sales and Use Tax Due From a Direct Pay Permit Holder

entity is a member of the taxpayer’s affiliated group, or all

One hundred percent of an eligible contribution is allowed as

of the assets of the taxpayer are conveyed, assigned, or

a credit. Before a credit can be claimed on a sales and use

transferred in the same transaction. For transfers to another

tax return, the taxpayer must submit a copy of the certificate

member of the taxpayer’s affiliated group, use

of contribution from each nonprofit SFO to:

Form DR-116200 [incorporated by reference in Rule

Florida Department of Revenue

12-29.003, Florida Administrative Code (F.A.C.)].

Revenue Accounting

Contributions must be monetary and must be made to eligible

PO Box 6609

nonprofit SFOs. The Department of Education establishes

Tallahassee, FL 32314-6609

the eligibility of the nonprofit SFOs. A list of nonprofit SFOs

Within 10 working days, the Department of Revenue will

is available from the Department of Education’s website at

respond with specific instructions about how to claim the

Their phone number is

credit on your return.

800-447-1636.

Corporate Income Tax

Once you receive written confirmation and approval for the

One hundred percent of an eligible contribution is allowed as

credit allocation from the Department, you are expected to

a credit. The credit granted must be reduced by the resulting

make such contribution within the tax year or state fiscal year

decrease in federal income tax when considering this credit

for which the credit allocation was approved.

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