California Form 3544 - Election To Assign Credit Within Combined Reporting Group - 2012 Page 3
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3Another example is that the assignor has an
Column (a) – Assignee name. Enter the
List the unused carryover credit amount
Environmental Tax Credit generated during
corporation name that is receiving a credit
available for assignment separately for each
the 2006 taxable year. The credit has not been
assignment from the assignor.
taxable year a credit was generated. Also,
used and was carried forward and assigned in
separately list the credit amount available for
Column (b) – Assignee California corporation
the 2012 taxable year. The credit will expire in
assignment that is generated in the current
number or FEIN. Enter the California
the 2017 taxable year, based on the date that
taxable year. For example, if the assignor
corporation number or FEIN of the corporation
the assignor originally generated the credit.
(Corporation A) generated $3,000 of R&D
that is receiving the credit assignment. If
The credit will expire for the assignee in the
credit in 2004, $6,000 of R&D credit in 2005,
the corporation has applied for but not yet
2017 taxable year, unless the carryover period
and $5,000 of R&D credit for the current
received the California corporation number or
is extended by law.
taxable year, then each taxable year’s credit
FEIN, enter “Applied For” in column (b). If the
amount would be separately listed in column (f)
corporation is a non-U.S. foreign corporation,
Specific Line Instructions
with the corresponding taxable year the credit
enter “Foreign” in column (b).
was generated in column (d). See the example
The assignor must complete the following
Column (c ) – Assignee principal business
below for how to report the credit assignment.
information on form FTB 3544:
activity code. Enter the six digit PBA code of
Column (g) – Credit amount assigned. Enter
the assignee in column (c). See the Principal
• Key corporation name, California key
the credit amount that is being assigned
Business Activity Codes chart inside the
corporation number, and key corporation
to an assignee in the combined reporting
Form 100 Tax Booklet or Form 100W Tax
principal business activity (PBA) code.
group. Using the same example listed under
Booklet for more information.
• Assignor name, assignor California
column (f) above, Corporation A has $3,000
corporation number or federal employer
Column (d) – Taxable year credit was
available for assignment. Corporation A
identification number (FEIN), and assignor
generated. Enter the taxable year that the
assigned $1,000 to Corporation B and $2,000
PBA code.
assignor generated the credit. For example, the
to Corporation C in the current taxable
assignor (Corporation A) generated an R&D
For a complete list of the Principal Business
year. Corporation A would enter the credit
credit of $1,000 during the 2006 taxable year.
Activity Codes, get Form 100 Corporation
amount available for assignment of $3,000 in
The credit was not claimed by Corporation A
Tax Booklet or Form 100W Corporation Tax
column (f), $1,000 assigned to Corporation B
and was carried forward to the succeeding
Booklet, Water’s-Edge Filers.
in column (g), and the remaining credit balance
years. Corporation A assigned the available
of $2,000 in column (h). On the next line,
Credit Assigned Information
credit to Corporation F (another unitary member
Corporation A should carryover the amount of
of the combined reporting group) in the 2012
Enter the applicable credit name and credit
$2,000 from the previous line of column (h)
taxable year. Corporation A will enter “2006” as
code in the space provided. For a complete
onto column (f). Then, Corporation A would
the taxable year the R&D credit was generated.
list of eligible credits (active or repealed with
enter $2,000 assigned to Corporation C in
a carryover provision) to be assigned, see the
Column (e) – Limitations. Check column (e) if
column (g), with the remaining credit balance
Credit Chart inside the Form 100 Tax Booklet or
the credit assigned is subject to any limitations
of $0 in column (h). See the example below for
Form 100W Tax Booklet. Note: The Prior Year
as discussed under General Information C,
how to report the credit assignment.
Alternative Minimum Tax credit is excluded
Disclosure of Limitations and Restrictions. If
Column (h) – Balance available for use by
from the list of credits eligible to be assigned.
the assigned credit is subject to any limitation,
assignor. This is the amount available for
attach a statement to form FTB 3544 fully
For each type of eligible business credit,
assignment less amount used by assignor
disclosing the specific limitation(s) imposed
the assignor should complete a separate
[column (f)] less the amount of the current
upon each of the assigned credits listed on
form FTB 3544. For example, if the assignor
taxable year assigned credit [column (g)]. The
the form. Assignor shall separately list credits
is assigning R&D credit and EZ credit, two
balance is the credit amount available that
which are subject to separate and distinct
separate forms FTB 3544 are required.
the assignor may use to assign to another
limitations and disclose each of those separate
assignee, or to carry forward to future taxable
When completing the form, the assignor must
and distinct limitations in a statement.
years.
separately list credits generated in different
Column (f) – Credit amount available for
taxable years. Assignor shall separately list
Total credit assigned. Add amounts in
assignment less amount used by assignor.
credits which are subject to separate and
column (g) and enter the total on this line. This
The available credit amount may be assigned
distinct limitations and disclose each of those
is the total credit amounts being assigned to
to more than one assignee. However, once a
separate and distinct limitations in a statement
affiliated corporations that are members of the
credit amount is assigned to an assignee, the
to be attached to this form.
same combined reporting group.
assignment is irrevocable and the assigned
Also, enter the total credit assigned on the
credit amount cannot be reassigned to another
applicable line of the related credit form.
assignee.
EXAMPLE – How to report the credit assignment. (This example does not reflect any credit used by the assignor).
*
(a)
(b)
(c)
(d)
(f)
(g)
(h)
(e)
Assignee name
Assignee
Assignee
Taxable
Credit amount
Credit amount
Balance
California
principal
year
available for
assigned
available for use
corporation
business
credit was
assignment less
by assignor,
number or FEIN
activity code
generated
amount used by
column (f) less
assignor
column (g)
**
Corp B
XXXXXXXXX
XXXXXX
2004
3,000
1,000
2,000
**
Corp C
Applied For
XXXXXX
2004
2,000
0
2,000
Corp B
XXXXXXXXX
XXXXXX
2005
6,000
1,500
4,500
Corp D
Foreign
XXXXXX
2005
4,500
2,500
2,000
Corp E
XXXXXXX
XXXXXX
2005
2,000
2,000
0
Corp E
XXXXXXX
XXXXXX
2012
5,000
5,000
0
Total credit assigned. Add amounts in column (g). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
14,000
*
Check column (e) if the credit assigned is subject to limitations. See instructions.
**
The assignor can assign this available balance to another assignee as shown on the next line (Corp. C).
Page 2 FTB 3544 Instructions 2012
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