Fillable Schedule Nd-1tc - Tax Credits - 2012 (Page 2 of 6) in pdf

North Dakota Ofﬁ ce of State Tax Commissioner

2012 Schedule ND-1TC instructions

Page 1

Purpose of schedule

the amount you may use from each year

Unused credit carryover. Include on

is limited to the smaller of (1) the unused

this line an allowable unused credit from a

If you have any of the income tax credits

credit, (2) 50% of the total credit allowed

prior tax year. For an unused credit based

shown on Schedule ND-1TC, you must

on the initial investment, (3) $3,000, or

on investments made in tax years 2008

complete and attach it to Form ND-1.

(4) 50% of the tax liability before credits

through 2011, the amount you may use

on your 2012 return. Do not include on

is subject to the annual limit—see below.

this line any remaining unused credit from

Do not include on this line any remaining

Speciﬁ c line instructions

the 2005 or 2006 tax year. For an unused

unused credit from tax years prior to 2008.

credit based on investments made in tax

Line 1 - Family member care credit

Annual limit. Of the total credits

years 2007 through 2011, the amount

A tax credit is allowed for paying

available (including unused credit

you may use is subject to the annual and

qualifying expenses for the care of a

carryovers from tax years 2008 and after),

lifetime limits—see below.

disabled or elderly family member. Attach

you may use no more than $112,500 on

Schedule ND-1FC.

Note for certain 2004 investments: Do not

your 2012 return.

include on this line any remaining unused

credit based on an investment made in the

Line 5 - Planned gift credit

Line 2 - Renaissance zone credit

2004 tax year if it is attributable to the

A tax credit is allowed for making a

If you qualiﬁ ed for a tax credit under

2004 retroactive relief credit legislation

charitable contribution under a qualifying

the North Dakota Renaissance Zone Act

passed by the 2005 North Dakota

planned gift arrangement to a qualiﬁ ed

(N.D.C.C. ch. 40-63), you must complete

Legislature.

nonproﬁ t organization or qualiﬁ ed

Schedule RZ. Attach Schedule RZ.

endowment fund in North Dakota. Attach

Annual limit. Of the total credits

Schedule ND-1PG.

available (including unused credit

Line 3 - Ag commodity investment

carryovers except carryovers from tax

credit

years before 2007), you may use no more

Line 6 - Biodiesel or green diesel

If you made a qualiﬁ ed investment in

fuel supplier credit

than $50,000 on your 2012 return.

a business certiﬁ ed for the agricultural

A tax credit is allowed to a North Dakota

Lifetime credit limit. You are allowed no

commodity processing facility investment

licensed fuel supplier (wholesaler) for

more than $250,000 in total tax credits for

credit program, enter your allowable

blending biodiesel or green diesel fuel in

investments made in tax years 2005 and

credit on this line. A qualiﬁ ed investment

North Dakota with a minimum 5% blend

after.

is evidenced by the investment reporting

(“B5”) that meets ASTM speciﬁ cations.

form that the certiﬁ ed business is required

The credit is equal to 5 cents per gallon

Line 4 - Seed capital investment

to provide to you at the time you made

blended. Include on this line a biodiesel

credit

your investment.

or green diesel fuel credit from a North

If you made a qualiﬁ ed investment in

Dakota Schedule K-1. If the total credit

For qualiﬁ ed investments that you made

a business certiﬁ ed for the seed capital

(including a credit from a North Dakota

directly to a certiﬁ ed business during the

investment credit program, enter your

Schedule K-1) ﬁ rst allowed on the 2012

2012 tax year, the credit is equal to 30%

allowable credit on this line. A qualiﬁ ed

tax year’s return exceeds the tax for the

of the total amount invested. Include

investment is evidenced by the investment

year, the unused credit may be carried over

on this line an agricultural commodity

reporting form that the certiﬁ ed business is

to subsequent tax years’ returns for up to 5

investment tax credit from a North

required to provide to you at the time you

years.

Dakota Schedule K-1. If the total credit

made your investment.

(including a credit from a North Dakota

Unused credit carryover. Include on this

For qualiﬁ ed investments that you made

Schedule K-1) ﬁ rst allowed on the 2012

line an allowable unused credit from tax

directly to a certiﬁ ed business during the

tax year’s return exceeds the tax for the

years 2007 through 2011.

2012 tax year, the credit is equal to 45% of

year, the unused credit may be carried over

the total amount invested. Include on this

to subsequent tax years’ returns for up to

Line 7 - Biodiesel or green diesel

line a seed capital investment tax credit

10 years.

fuel seller credit

from a North Dakota Schedule K-1. If the

A tax credit is allowed to a North Dakota

Unused credit carryover. Include on

total credit (including a credit from a North

licensed fuel seller (retailer) of biodiesel

this line an allowable unused credit from

Dakota Schedule K-1) ﬁ rst allowed on the

or green diesel fuel. The credit is equal to

a prior tax year. For an unused credit

2012 tax year’s return exceeds the tax for

10% of the costs to adapt or add equipment

based on investments made in tax years

the year, the unused credit may be carried

to the seller’s facility in North Dakota to

2001 through 2004—however, see the

over to subsequent tax years’ returns for up

enable it to sell biodiesel or green diesel

Note below for an exception for 2004—

to 4 years.

with a minimum 2% blend (“B2”) that

meets ASTM speciﬁ cations. The credit

Schedule Nd-1tc - Tax Credits - 2012 Page 2

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