Fillable Form Bpc - Biomass Producer Or Collector Credit (Page 2 of 2) in pdf

Clear This Page

If Part A was completed by a pass-through entity, provide the following information:

Name of pass-through entity:

FEIN or BIN of entity:

Part B: Schedule of credit amount

Use the schedule below to calculate how much of the credit you can use in the current tax year.

Note: Use the prior year column to determine your carryforward amount for the current tax year.

Prior year

Current year

(column 1)

(column 2)

a. Enter the BPC credit that you earned or that was passed through to you

from a pass-through entity, such as an S corporation or partnership .................... a

b. Enter the BPC credits transferred to you on a Transfer Notice of

Certain Credits form ............................................................................................. b

c. Enter BPC credits you are carrying forward from a prior year ............................ c

d. Add lines a through c and enter the total ............................................................. d

e. Enter the BPC credit you used on your return ..................................................... e

f. Enter the BPC credits you transferred to a third party for consideration ............. f

g. Enter line d minus line e and line f. This is your carryforward available

for use in future tax years ..................................................................................... g

Part C: Distribution of transferred or passed-through credits

If you transferred credits to more than one taxpayer for consideration, please attach a schedule listing to whom the credits

were transferred, the amount of the credit that was transferred to each person (in dollars), and how much consideration

you received for the transferred credits (in dollars). You will also need to complete a Transfer Notice of Certain Credits form

with each transferee. A copy of that form needs to be attached to the return of the transferee, along with Form BPC.

S corporations and partnerships that pass through credits to partners or owners must keep a schedule detailing the

amount of credit that each partner or owner received (in dollars). You must provide a copy to the department upon

request.

I (we) certify under penalty of perjury the above statements are true. Corporate officers, fiduciaries, or other qualified

persons signing on behalf of taxpayer(s): By signing, I also certify that I have the authority to execute this form.

Signed under penalty of perjury:

Taxpayer’s signature

Date

Attach this completed notice to the tax return of the taxpayer or corporation claiming or transferring the credit. If filing

electronically, fax this notice to 503-945-8786, labeled “Attn: Suspense,” or mail it to:

COR-TROL

Attn: Suspense

PO Box 14999

Salem OR 97309-0990

Page 2 of 2

150-101-181 (Rev. 09-10)

Form Bpc - Biomass Producer Or Collector Credit Page 2