California Form 3541 - California Motion Picture And Television Production Credit - 2012 Page 5
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5Part II – Carryover Computation
Line 11a – Credit amount claimed on the current year tax return. The
credit amount you can claim on your tax return may be limited. Refer to
the credit instructions in your tax booklet for more information. These
instructions also explain how to claim this credit on your tax return. Use
credit code number 223 when you claim this credit. Also see General
Information D, Limitations.
Line 11b – Credit assigned to other corporations within combined
reporting group. If you assigned a credit to an affiliated corporation
pursuant to R&TC Section 23663, enter the total credit assigned from
form FTB 3544, column (g) on this line.
Part III – Assigned Credit from Affiliated
Corporations Pursuant to R&TC
Section 23685.
Complete this table if you received credits assigned from an affiliated
corporation pursuant to R&TC Section 23685.
Column (a) – Assignor name. Enter the name of the corporation that
assigned the credit.
Column (b) – Assignor corporation number , FEIN, or CA SOS number.
Enter the California corporation number, FEIN, or CA SOS number of the
corporation that assigned the credit.
Column (c) – Credit Certificate number. Enter the credit certificate
number from the qualified taxpayer’s (assignor’s) tax credit certificate
issued by the CFC.
Column (d) – Assigned credit received. Enter the assigned credit
received from the assignor.
Part IV – Credit Assigned to Affiliated
Corporations Pursuant to R&TC
Section 23685.
Line 15 – Tax liability. Enter on this line the amount from Form 100,
California Corporation Franchise or Income Tax Return, or Form 100W,
California Corporation Franchise or Income Tax Return — Water’s-Edge
Filers, line 24.
Line 16 – Excess credit available for assigning to affiliated
corporations. Subtract line 15 from line 14. If the result is:
• ‘0’ or less, enter ‘0’. Do not complete the Credit Assigned to Affiliated
Corporations table. You do not have available credit to assign.
• More than zero, this is the maximum amount of credit that may be
assigned to affiliated corporations. Enter the amount on Line 17,
column (e).
Complete the Credit Assigned to Affiliated Corporations table under
Part IV if you have a balance on line 16 and will assign credits to
affiliated corporations pursuant to R&TC Section 23685.
The following instructions are for completing line 18:
Column (a) – Assignee name. Enter the name of the corporation that is
receiving a credit assignment from the assignor.
Column (b) – Assignee California corporation number, FEIN, or CA
SOS number. Enter the California corporation number, FEIN, or CA
SOS number of the corporation that is receiving the credit assignment.
If the corporation has applied for but not yet received the California
corporation number or FEIN, enter “Applied For” in column (b). If
the corporation is a non-U.S. foreign corporation, enter “Foreign” in
column (b).
Column (c) – Credit Certificate number. Enter the credit certificate
number from Form M issued to you by the CFC.
Column (d) – Amount of credit assigned. Enter the amount of credit
that is being assigned to an assignee.
Column (e) – Credit Amount available for assignment. Subtract the
amount in column (d) from the amount in previous line column (e).
FTB 3541 Instructions 2012 Page 3
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