Form F-1156z - Florida Enterprise Zone Jobs Credit Certificate Of Eligibility For Corporate Income Tax Page 4
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4F-1156ZN
R. 01/10
Instructions for Completing Form F-1156Z
You should calculate the credit as follows:
Column I. Multiply the Actual Monthly Wages (Column G) by
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40 percent of the monthly wages paid if the hourly rate is
the Total Months (Column H) and enter the result here.
$4 above the hourly federal minimum wage rate.
Column J. Multiply the applicable credit by Total Wages
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41 percent if the hourly rate is $5 above the hourly federal
(Column I) and enter the result here.
minimum wage rate.
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42 percent if the hourly rate is $6 above the hourly federal
Preparation of Schedule F. If claiming the credit on Schedule B
minimum wage rate.
or Schedule D, complete Schedule F and its subschedule, and
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43 percent if the hourly rate is $7 above the hourly federal
attach a list of all other permanent, full-time employees.
minimum wage rate.
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44 percent if the hourly rate is $8 above the hourly federal
Subschedule F. Computation of Allowable Credit
minimum wage rate.
Line 1. Enter the total number of permanent, full-time
Preparation of Schedules A through E
employees who live in an enterprise zone or rural enterprise
zone. These employees must have worked at least three
Form F-1156Z contains formats for Schedules A through E.
months and average at least 36 hours a week.
Use these formats to create a list of employees for each
applicable job credit. Complete the correct credit computation
Line 2. Enter the total number of permanent, full-time
schedule to determine the credit for each new employee.
employees who have worked at least three months and have
Attach the schedules to your Form F-1156Z.
averaged at least 36 hours a week.
Line 3. Divide Line 1 by Line 2 and enter the result.
Instructions for completing Columns A though J
Part II. Tax Liability Limitation and Computation of
Column A. Enter the name and place of residence of each
Credit
new employee for whom you are claiming credit. The place of
residence must be the employee’s home address on the date
Line 1. The amount of credit on Line 1, which was computed
shown in Column E.
on wages paid to new employees during the taxable year,
must be applied against and limited to the corporate income or
Column B. Enter the social security number (SSN) of the
franchise tax liability for the taxable year. Therefore, enter on
new employee. Social security numbers (SSNs) are used
this line the total tax due from Form F-1120 (Florida Corporate
by the Florida Department of Revenue as unique identifiers
Income Tax Return), Page 1, Line 11.
for the administration of Florida’s taxes. SSNs obtained for
tax administration purposes are confidential under sections
Line 2. The amount of credit allowed is limited to the total
213.053 and 119.071, Florida Statutes, and not subject
corporate income or franchise tax due after certain credits are
to disclosure as public records. Collection of your SSN is
applied. Enter on Lines 2(a) and 2(b) the appropriate amounts
authorized under state and federal law. Visit our Internet site
of other credits as listed on Form F-1120, Schedule V (Credits
at and select “Privacy Notice” for
against the tax). Instructions for Form F-1120 explain the
more information regarding the state and federal law governing
calculations of these other credits.
the collection, use, or release of SSNs, including authorized
Line 3. The tax liability limitation is the total tax due on Line 1
exceptions.
minus the sum of the credits on Line 2.
Column C. Place a check mark in this column if the employee
Line 4. Enter the total credit claimed based on the actual
is a leased employee.
monthly wages paid to eligible new employees during this
Column D. If applicable, enter the enterprise zone number
taxable year from Part I - Schedules A, B, C, D, and E,
or name of the rural county in which the new employee lives.
Column J.
Exception: Schedule E. Column D is used to show the credit
Line 5. You may carry forward the unused portion of the total
percentage taken.
enterprise zone jobs credit from taxable years ended after
Column E. Enter the date the new employee began
July 1, 1995, to the next succeeding taxable year.
employment with the business.
Line 6. The total credit available (before application of the tax
Column F. Enter the last day of business of the tax year for
liability limitation) is the sum of the credit for the current taxable
which you claim credit. If the employee is no longer employed
year (Line 4) plus the unused credit (if any) carried forward from
on that date, enter the last day of the last calendar month you
the immediately preceding year (Line 5).
employed the employee.
Line 7. Enter the lesser of Line 3 (Tax liability limitation) or
Column G. Enter the amount of wages paid to the new
Line 6 (Total credit available) as the allowable credit used this
employee on which the credit is computed for the taxable year.
taxable year.
Column H. Enter the number of months of wages on which
Line 8. Enter any unused credit available to be used in the next
the credit is based. Since the credit is computed on wages
succeeding taxable year (Line 6 minus Line 7).
paid during the taxable year, the period of up to 24 consecutive
months over which credit may be allowable may include three
calendar years.
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