Schedule Rc - Research Credit - 2011

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1
PRINT IN BLACK INK
Ovals must be filled in completely. Example:
Schedule RC
Research Credit
2011
FEDERAL IDENTIFICATION NUMBER
CORPORATION NAME
Controlled groups and entities under common control are required to compute the credit on an aggregate basis. Refer to Regulation 830 CMR 63.38M.1(7).
Enclose Schedule RC to the return of each member of the group claiming Massachusetts basic research payments, qualified research expenses, research
credit carryfoward or research credit against the excise. Enter group totals in lines 2 through 4 and 11 through 15. Corporations that are not members of
a controlled group must enter their individual amounts in these lines.
Fill in all applicable oval(s):
Massachusetts gross receipts are being used to compute the fixed base and average annual receipts.
3
Federal gross receipts are being used to compute the fixed base and average annual receipts.
3
Corporation is electing to calculate the credit separately for defense related activities under 38M(i) or is claiming the life sciences research
3
credit under 38W. If either of these conditions applies, submit separate schedules RC for each category of research credit applicable and fill
in one of the following ovals on each Schedule RC filed (see instructions):
General research
Defense related
Life science
Part 1. Massachusetts Research Credit Generated
1
Basic research payments made by this corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2
Total group basic research payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3
Group base period amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4
Group incremental research payments. Subtract line 3 from line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5
Total group credit for basic research payments. Multiply line 4 by .15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
6
Qualified wage expenses for this corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 6
7
Qualified supply expenses for this corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 7
8
Qualified computer rental time expenses for this corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 8
9
65% of qualified contract expenses for this corporation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 9
10
Total qualified research expenses for this corporation. Add lines 6 through 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11
Total group qualified research expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12
Group fixed base percentage. Not more than 16%. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13
Group average annual receipts. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 13
14
Group base amount. Not less than 50% of line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 14
15
Group incremental research expenses. Subtract line 14 from line 11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16
Total group credit for qualified expenses. Multiply line 15 by .10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17
Total basic research payments and qualified expenses for this corporation. Add lines 1 and 10 . . . . . . . . . . . . . 17
18
Total basic research payments and qualified expenses for the group. Add lines 2 and 11 . . . . . . . . . . . . . . . . . . 18
19
Allocation percentage for this corporation. Divide line 17 by line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
20
Total group research credit generated. Add lines 5 and 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
21
Total credit generated by this corporation in current year. Multiply line 19 by line 20. See instructions . . . . . 3 21

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