California Form 3805z - Enterprise Zone Deduction And Credit Summary - 2012 Page 2

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Schedule Z Computation of Credit Limitations – Enterprise Zones

Part I Computation of Credit Limitations. See instructions .

Trade or business income . Individuals: Enter the amount from the Worksheet IV, Section C, line 14, column (c)

on this line and on line 3 (skip line 2) . See instructions . Corporations filing a combined report, enter the

taxpayer’s business income apportioned to California . See instructions for Part IV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▐

Corporations: Enter the average apportionment percentage from Worksheet IV, Section A, line 4 . See instructions . . . . . . .

Multiply line 1 by line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Enter the EZ NOL deduction from Worksheet V, Section C, line 30, column (c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

EZ taxable income . Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▐

a Compute the amount of tax due using the amount on line 5 .

See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▐ 6a

b Enter the amount of tax from Form 540, line 35; Long Form 540NR, line 42;

Form 541, line 21; Form 100, line 24; Form 100W, line 24; Form 100S, line 22;

or Form 109, line10 . Corporations and S corporations, see instructions . . . . . . . . . . . . . 6b

Enter the smaller of line 6a or line 6b . This is the limitation based on the EZ business income .

Go to Part II, Part III, or Part IV . See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ▐

Part II Limitation of Credits for Corporations, Individuals, Estates, and Trusts. See instructions .

(a)

(b)

(c)

(d)

(e)

(f)

(g)

(h)

Credit

Total

Total credit