Instructions For Form Pa-20s/pa-65 - Schedule Oc - Other Credits

is reported as a gain on PA-20S/PA-65

● The tax credit may be applied to

COMPLETING

100 percent of the entity liability or

Schedule D.

PA SCHEDULE OC

to 100 percent of the entity own-

ers’ liabilities.

LINE 4

Business Name

COMMUNITY-BASED SERVICES

Enter the complete name of the entity

Film Production Tax Credit

TAX CREDIT

or business as shown on the PA-

Enter the amount of tax credit from the

20S/PA-65 Information Return.

The Pennsylvania Department of Com-

Pennsylvania Department of Revenue

munity and Economic Development

FEIN

or Pennsylvania Department of Com-

(DCED) administers the award of this

Enter the nine-digit federal employer

munity and Economic Development

tax credit. Effective July 1, 2013, this

identification number (FEIN) of the en-

certification sent to you.

program provides tax credits for contri-

tity or business as shown on the PA-

butions made by business firms to non-

If the entity has corporate tax liability

20S/PA-65 Information Return.

profit providers of community-based

for the tax year in which the Film Pro-

services to individuals with intellectual

duction tax credit is approved for use,

LINE INSTRUCTIONS

disabilities or mental illness.

the tax credit must be first applied to

the corporate tax liability before it is

Qualified businesses may apply the

LINE 1

passed through to the entity’s owners.

credit against the following Pennsylva-

nia state taxes:

Consequently if the entity has corpora-

Employment Incentive

Payments Credit

tion tax liability, the amount of credit

● Capital stock/foreign franchise tax

reported on Line 4 must be less the cor-

Although no new tax credits are being

● Corporate net income tax

porate tax liability.

issued, the carry forward of unused tax

credits is allowed. Enter the amount of

● Bank shares tax

Pennsylvania does not require a reduc-

any carry forward of unused tax credit.

tion in expenses to calculate the Film

● Title insurance & trust company

Submit a completed PA Schedule W

shares tax

Production tax credit. If the entity sells

with all supporting documents.

or assigns the Film Production tax

● Insurance premiums tax (excluding

credit it is reported as a gain on PA-

surplus lines, unauthorized, do-

LINE 2

20S/PA-65 Schedule D.

mestic/foreign marine)

Job Creation Tax Credit

LINE 5

● Mutual thrift tax

Enter the amount of tax credit that the

● Gross receipts tax

Pennsylvania Department of Commu-

Out-of-State Credits

nity and Economic Development ap-

S Corporations Only

● Personal income tax

proved on the certification sent to you.

Certain S corporations are not taxed as

For more information or to apply for a

S corporations (taxed as a C corpora-

Pennsylvania does not require a reduc-

Community-Based Services Tax Credit or

tion) in other states or countries. In

tion in expenses to calculate the Job

to sell/assign/pass-through a credit, visit

Creation tax credit.

such cases an entity must account for

the DCED’s website at ,

taxes paid to other states or countries

or call the DCED Customer Service Cen-

LINE 3

in order to claim the correct resident

ter at 1-800-379-7448.

tax credit. Note a C corporation return

For tax questions, please contact the De-

Research and Development

must be submitted.

partment of Revenue at 717-772-3896.

Tax Credit

TIP: Only Pennsylvania resident

Enter the amount of tax credit from the

Guidelines for the Community-

shareholders can claim credit for

Pennsylvania Department of Revenue

Based Services Tax Credit

taxes paid to other states or countries

certification sent to you.

● The tax credit shall be applied

by the entity.

If the entity has corporate tax liability

against the qualified entities liabil-

To calculate the amount of Pennsylva-

for the tax year in which the Research &

ity for the current taxable year as

nia resident credit, multiply the amount

Development tax credit is approved for

of the date on which the credit was

use, the tax credit must be first applied

of income apportioned to the other

issued.

to the corporate tax liability before it is

state by the Pennsylvania personal in-

● The tax credit cannot be sold or as-

passed through to the entity’s owners.

come tax rate of 3.07 percent. The

signed or passed through.

credit is the lesser of this calculated

Consequently if the entity has corpora-

amount or the actual amount of tax

● The amount of the tax credit

tion tax liability, the amount of credit

paid to the other state.

passed through to partners, share-

reported on Line 3 must be less the cor-

holders or members is based on

porate tax liability.

The C corporation from another state

the percentage of income distribu-

that is an S corporation for Pennsylva-

Pennsylvania does not require a re-

tion from the entity receiving the

nia reports on Line 5 the lesser of the

duction in expenses to calculate the

tax credit.

amount of tax paid on the apportioned

Research and Development tax credit.

income as compared to the tax rate of

● The tax credit may be applied to

If the entity sells or assigns the Re-

Pennsylvania.

100 percent of the entity’s liability.

search and Development tax credit, it

Instructions For Form Pa-20s/pa-65 - Schedule Oc - Other Credits - 2013 Page 9

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