Schedule Rct-101koz - Calculation Of Tax Credit Page 2
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4101
SCHEDULE RCT-
KOZ/KOEZ/KOIZ/SDA INSTRUCTIONS
To be completed by businesses subject to the capital
KOZ/KOEZ must be completed and submitted as
stock/foreign franchise tax or corporate net income
part of form RCT-101.
tax that are approved for tax benefits under the
A copy of the letter from the Department of
Keystone Opportunity Zone (KOZ), Keystone
Community and Economic Development approving
Opportunity Expansion Zone (KOEZ), Keystone
the taxpayer for benefits from one of these programs
Opportunity Improvement Zone (KOIZ) or Strategic
for the current tax year must be filed with the
Development Area (SDA) program.
RCT-101.
Important: This schedule is not to be used by
Taxpayers claiming benefits from any of these
entities involved in the operation of a railroad,
programs must check the “KOZ/EIP/SDA” Box on
truck, bus or airline company; pipeline or natural
Page 1 of the RCT-101.
gas company; or water transportation company.
Important: Beginning Jan. 1, 2009, the calculation
Business taxpayers that qualify for KOZ, KOEZ,
of the KOZ/KOEZ/KOIZ credit no longer includes the
KOIZ or SDA benefits MUST first complete the PA
sales factor. The sales factor is still included in the
Corporate Tax Report, RCT-101, without taking into
calculation of the SDA credit.
account any KOZ, KOEZ, KOIZ or SDA benefits to
Failure to provide these documents will result in a
which they might be entitled.
delay in the processing of the credit and may result
In order to calculate a tax credit to be applied against
in an assessment for underpayment of tax reported
the permitted taxes, special schedule RCT-101
on the RCT-101.
COMPLETION OF THE FORM
Indicate the applicable program from which
(A) The person's service is performed entirely
KOZ/KOEZ/KOIZ or SDA benefits are claimed.
within the subzone, expansion subzone or
SDA;
Property Apportionment Factor
Within Subzone, Expansion Subzone or SDA — The
(B) The person's service is performed within and
average value of the taxpayer’s real and tangible per-
outside the subzone, expansion subzone or
sonal property owned and used in the subzone,
SDA, but the service performed outside the
expansion subzone or SDA plus eight times the rental
subzone, expansion subzone or SDA is incidental
rate for real and tangible personal property rented
to the person's service within the subzone,
and used in the subzone, expansion subzone or SDA.
expansion subzone or SDA; or
Within PA — The average value of taxpayer’s real
(C) Some of the service is performed in the subzone,
and tangible personal property owned and used
expansion subzone or SDA and the base of
in PA plus eight times the rental rate for real and
operations is in the subzone, expansion subzone
tangible personal property rented and used in PA. If
or SDA. If there is no base of operations,
the taxpayer uses three-factor apportionment in
compensation is paid in the subzone, expansion
calculating its capital stock/foreign franchise tax or
subzone or SDA if the place from which the
corporate net income tax, this amount will be the
service is directed or controlled is in the subzone,
property reported inside PA on Table 1 of the Tables
Supporting Determination of Apportionment
expansion subzone or SDA. If the place from
Percentage, form RCT-106.
which the service is directed or controlled is not
in a location in which the employee’s work is
Payroll Apportionment Factor
performed, compensation is paid in the subzone,
Within Subzone, Expansion Subzone or SDA — Total
expansion subzone or SDA if the employee’s
compensation paid in the subzone, expansion
residence is within the subzone, expansion
subzone or SDA. Compensation is paid in the
subzone, expansion subzone or SDA if:
subzone or SDA.
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