Form 3503 - California Natural Heritage Preservation Credit - 2015
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1
2CALIFORNIA FORM
TAXABLE YEAR
3503
2015
Natural Heritage Preservation 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
Part I
Wildlife Conservation Board (WCB) Qualified Contribution
Donor’s name as shown on certificate
Type of donated property
Date donation was accepted
Fair market value
Project name
WCB ID#
Part II Available Credit
1 Fair market value from Part I . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
00
2 Multiply the amount on line 1 by 55% (.55) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
00
3 Pass-through natural heritage preservation credit(s) from Schedule K-1 (100S, 541, 565, or 568).
See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
00
4 Total current year natural heritage preservation credit. Add line 2 and line 3. . . . . . . . . . . . . . . . . . . . . . . . . 4
00
5 Credit carryover from 2014. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
00
6 Total available natural heritage preservation 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
What’s New
Franchise or Income Tax Return; Form 541, California Fiduciary Income
Tax Return; Form 565, Partnership Return of Income; or Form 568,
Natural Heritage Preservation Credit – For qualified contributions
Limited Liability Company Return of Income. Show the pass-through
made on or after January 1, 2015, the credit carryover period has been
credit for each shareholder, beneficiary, partner, or member on
extended to 15 years or until exhausted, whichever occurs first. Any
Schedule K-1 (100S, 541, 565, or 568), Share of Income, Deductions,
unused credits remaining before January 1, 2015, will remain subject
Credits, etc.
to an eight year carryover provision. In addition, the period for when a
B Description
qualified contribution is made, for which a tax credit will be allowed, has
been extended to June 30, 2020.
The WCB implemented a program for the protection of wildlife habitat,
open space, and agricultural lands. Under this program, property
General Information
can be contributed to the state, any local government, or to any
nonprofit organization designated by a local government, based on
The California Personal Income Tax Law and Corporation Tax Law
specified criteria.
allows a nonrefundable credit for certain approved contributions of real
The credit is allowed against net tax, in an amount equal to 55%
property. This credit can be used by taxpayers against the net tax in an
of the fair market value of any qualified contribution made by the
amount equal to 55% of the fair market value of a qualified contribution
taxpayer to the state, any local government, or any designated
that has been approved for acceptance by the Wildlife Conservation
nonprofit organization.
Board (WCB).
C Qualifications
A Purpose
To qualify for this credit:
Use form FTB 3503, Natural Heritage Preservation Credit, to figure the
• Make a contribution of property as defined in Section 37002 of the
amount of the credit. Also, use this form to claim pass-through credits
Public Resources Code.
received from S corporations, estates, trusts, partnerships, or limited
• The WCB must approve the contribution for acceptance.
liability companies (LLCs) classified as partnerships.
• Attach a copy of this completed form FTB 3503 to your California tax
S corporations, estates, trusts, partnerships, and LLCs classified as
return.
partnerships should complete form FTB 3503 to figure the amount
For more information regarding qualified contributions, contact the WCB
of credit to pass through to shareholders, beneficiaries, partners, or
at 916.445.8448, or go to wcb.ca.gov.
members. Attach this form to Form 100S, California S Corporation
FTB 3503 2015 Side 1
7241153
For Privacy Notice, get FTB 1131 ENG/SP.
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