Schedule Jobz - Jobz Tax Benefits Job Opportunity Building Zone (Jobz) Exemptions, Exclusions, Subtractions And Credit - 2012

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Schedule JOBZ, JOBZ Tax Benefits 2012
Job Opportunity Building Zone (JOBZ) Exemptions, Exclusions, Subtractions and Credit
Name of Taxpayer Claiming Benefits
Minnesota Tax ID or Social Security Number
JOBZ ID Number
Name of Qualified Business Operating in the Zone, if Different Than Taxpayer
Minnesota Tax ID or Social Security Number
Name of Zone and Subzone
BSA Effective Date
Benefit or Operations Start Date
Type of Taxpayer
C Corporation
Partnership
S Corporation
Sole Proprietor
Individual
LLC
Tax-Exempt Nonprofit
(check one box only):
Organization
Round amounts to the nearest whole dollar.
A
B
C
If your property and payroll are located entirely
In the Zone
In Minnesota
A ÷ B
within the zone, complete columns A and B,
(Sole Proprietors:
(carry to 5 decimal places)
and enter 1 .00000 on line 8 .
see instructions)
Section A—To be completed by all qualified businesses
1 Average inventory . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Average tangible property and land
owned/used (at original cost) . . . . . . . . . . . . . . 2
3 Financial institutions only:
Average intangible property owned . . . . . . . . . 3
4 Capitalized rents paid by the qualified
business (gross rents paid x 8) . . . . . . . . . . . . . 4
5 Total property (add lines 1 through 4,
columns A and B) . . . . . . . . . . . . . . . . . . . . . . . . 5
6 Total payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Total property and payroll (add line 5, column C, and line 6, column C) . . . . . . . . . . . . 7
8 Zone ratio (divide line 7 by two; carry to five decimal places) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9 Minnesota source income from the qualified business
operating in the zone (determine from instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10 Multiply the zone ratio on line 8 by line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Did the qualified business relocate under a fully executed
business subsidy agreement after August 31, 2005?
No . Skip lines 11, 12 and 13, and continue with line 14 .
Yes . Continue with line 11 .
11 Adjusted 2012 relocated zone payroll (determine from instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 Divide line 11 by line 6, column A (carry to five decimal places) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13 Multiply line 10 by line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 Adjusted basis of property at the time your property is first used in the zone . . . . . . . . . . . . . . . . . . . . . 14
15 Add line 6, column A, and line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Limit (multiply line 15 by .20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17 Zone exemption. Enter the amount from line 10 or line 16, whichever is less .
Or if the qualified business relocated after August 31, 2005, enter the amount
from line 13 or line 16, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
C corporations: Include the result on Form M4T, line 9 . Partnerships, S corporations, estates
and trusts: Pass through to your partners, shareholders or beneficiaries (see instructions).
Sole proprietors: Include the result on Schedule M1M, line 32 .
Nonprofit organizations: Include the result on Schedule M4NPI, line 2a .
(Continued)

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