California Form 3553 - Enterprise Zone Employee Credit - 2012 Page 3
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5For business eligibility or zone related information, including questions
Line 11 – Generally, this amount will be $0 (zero dollars). However,
regarding EZ geographic boundaries, contact the HCD or the local zone
expenses that may be included on this line are employee business
program manager in which the business is located. Go to hcd.ca.gov
expenses that you paid for such as union dues, work clothes and
and search for directory of zone contacts to find Directory of Economic
uniforms, tools used in your work, employment-related education
Development Areas.
expenses, and occupational taxes. Personal expenses such as
commuting expenses and meals are not deductible and cannot be
For information that is zone-specific but not tax-specific, you may
included on this line. Refer to federal Publication 17, Your Federal
contact the HCD at:
Income Tax, or federal Form 2106, Employee Business Expense, for
DEPARTMENT OF HOUSING &
more information about employee business expenses.
COMMUNITY DEVELOPMENT
Line 13 – Find the amount of tax for the amount shown on line 12 by
DIVISION OF FINANCIAL ASSISTANCE
using the Tax Table or Tax Rate Schedules in your Form 540 or Long
ENTERPRISE ZONE PROGRAMS
Form 540NR Tax Booklet. Use the same filing status you used on your
1800 THIRD STREET SUITE 390
Form 540 or Long Form 540NR.
SACRAMENTO CA 95811
Line 14 – The amount of this credit you can claim on your income
Website: hcd.ca.gov
tax return may be limited further. See the credit instructions in your
Telephone: 916.322.1555
Form 540 or the Long Form 540NR Tax Booklet for more information.
Fax: 916.319.8479
These instructions also explain how to claim this credit on your income
C Qualifications
tax return. Use code number 169 when you claim this credit.
To qualify for this credit in 2012, you need to meet all of the following:
• Performed at least 50% of your compensated work (for the employer
located within the EZ) within the boundaries of an enterprise zone in
California.
• Spent at least 90% of your work time (for the employer located
within the EZ) on activities that are directly related to the operation of
the trade or business located within the EZ.
• Did not work for any federal, California state, or local government.
Complete the Qualification Checklist on page 3 of the instructions to see
if you qualify for the EZ employee credit.
D Limitations
Zone Income Limitation
You may not apply the credit toward any taxes due on income you and
your spouse/RDP earned outside the EZ or prior to the zone designation.
Income Limitations
The maximum amount of qualifying wages is $10,500 for each
enterprise zone employee. Reduce this credit by 9% (9 cents for each
dollar of income you received that is more than your qualified EZ
wages).
This credit cannot reduce regular tax below the tentative minimum tax.
Get Schedule P (540 or 540NR), Alternative Minimum Tax and Credit
Limitations, for more information. This credit is not refundable and any
unused credit may not be carried over to succeeding years.
Specific Line Instructions
Line 10 – Total enterprise zone wages are all enterprise zone wages.
This amount is not limited to $10,500 like the amounts on line 1 and
line 2.
FTB 3553 Instructions 2012 Page 2
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