Part III Credits that Reduce Tax Note: Be sure to attach your credit forms to Form 540.
1 Enter the amount from Form 540, line 35. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1 _____________________
00
2 Enter the tentative minimum tax from Side 1, Part II, line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2 _____________________
00
(a)
(b)
(c)
(d)
Credit
Credit used
Tax balance that
Credit
amount
this year
may be offset
carryover
Section A – Credits that reduce excess tax .
by credits
3 Subtract line 2 from line 1. If zero or less enter -0- and see instructions.
This is your excess tax which may be offset by credits . . . . . . . . . . . . . . . . . . . . . .
3
A1 Credits that reduce excess tax and have no carryover provisions .
4 Code: 162 Prison inmate labor credit (FTB 3507). . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 Code: 169 Enterprise zone employee credit (FTB 3553) . . . . . . . . . . . . . . . . . . . . . .
5
6 Code: ____ ____ ____ New Home Credit or First Time Buyer Credit. . . . . . . . . . . .
6
7 Code: 232 Child and dependent care expenses credit (FTB 3506) . . . . . . . . . . . . . .
7
A2 Credits that reduce excess tax and have carryover provisions . See instructions .
8 Code: ▌ ____ ____ ____ Credit Name:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
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9 Code: ▌ ____ ____ ____ Credit Name:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
▌
10 Code: ▌ ____ ____ ____ Credit Name:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10
▌
11 Code: ▌ ____ ____ ____ Credit Name:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11
▌
▌
▌
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12 Code: 188 Credit for prior year alternative minimum tax . . . . . . . . . . . . . . . . . . . . . .12
Section B – Credits that may reduce tax below tentative minimum tax .
13 If Part III, line 3 is zero, enter the amount from line 1. If line 3 is more than
zero, enter the total of line 2 and the last entry in column (c). . . . . . . . . . . . . . . . . . 13
B1 Credits that reduce net tax and have no carryover provisions .
14 Code: 170 Credit for joint custody head of household . . . . . . . . . . . . . . . . . . . . . .
14
15 Code: 173 Credit for dependent parent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
15
16 Code: 163 Credit for senior head of household . . . . . . . . . . . . . . . . . . . . . . . . . . .
16
17 Nonrefundable renter’s credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
17
B2 Credits that reduce net tax and have carryover provisions . See instructions .
▌
18 Code: ▌ ____ ____ ____ Credit Name:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Code: ▌ ____ ____ ____ Credit Name:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
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20 Code: ▌ ____ ____ ____ Credit Name:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
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21 Code: ▌ ____ ____ ____ Credit Name:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
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B3 Other state tax credit .
22 Code: 187 Other state tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
22
Section C – Credits that may reduce alternative minimum tax .
23 Enter your alternative minimum tax from Side 1, Part II, line 26 . . . . . . . . . . . . . .
23
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24 Code: 180 Solar energy credit carryover from Section B2, column (d) . . . . . . . . .
24
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25 Code: 181 Commercial solar energy credit carryover from Section B2, column (d) . . 25
26 Adjusted AMT. Enter the balance from line 25, column (c) here
and on Form 540, line 61 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
Side 2 Schedule P (540) 2012
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