Fillable Schedule Jobz - Jobz Tax Benefits

JOBZ 2013, page 2

13702

Name of Taxpayer

Minnesota Tax ID or Social Security Number

JOBZ ID Number

Section B—To be completed by qualified businesses that are C corporations

18 Alternative minimum taxable income before zone AMT exclusion (from AMTI, line 17) . . . . . . . . . 18

19 Multiply line 18 by the zone ratio on line 8 . If the business relocated under a fully

executed business subsidy agreement after August 31, 2005, see instructions . . . . . . . . . . . . . . 19

20 Zone AMT exclusion for corporation franchise (enter the amount from line 16 or 19,

whichever is less) . Enter the result here and include on AMTI, line 18 . . . . . . . . . . . . . . . . . . . . . . 20

Section C—To be completed by qualified businesses that are corporations or partnerships

21 Total zone property and zone payroll (add line 5, column A, and line 6, column A) . If your property

and payroll are located entirely within the zone, skip lines 21 and 22 and enter zero on M4A,

line 22 (C corporations); M3A, line 10 (partnerships); or M8A, line 10 (S corporations) . . . . . . . . 21

22 Zone minimum fee adjustment (enter the amount from line 16 or 21, whichever is less) . . . . . 22

Include the result as a subtraction on Form: M4A, line 20 (C corporations);

M8A, line 8 (S corporations); or M3A, line 8 (partnerships) .

Section D—To be completed by partnerships, S corporations, estates, trusts, sole proprietors and individuals with

rental income or gains from property used by a qualified business in a zone

23 Net rents derived from real or tangible personal property

used by a qualified business located in the zone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23

24 Number of days the property was used in the zone by a qualified business . . . . . . . . . . . . . . . . . . 24

25 Divide line 24 by 365 (enter 1.00 if the property was used in the zone for the entire year) . . . . . 25

26 JOBZ rent subtraction (multiply line 23 by line 25) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26

27 Net gains from the sale or exchange of real property used by a

qualified business located in the zone (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27

28 Net gains from the sale or exchange of tangible personal property

used by a qualified business in the zone (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28

29 Net gains from the sale of an ownership interest in a qualified business (see instructions) . . . . . 29

30 Zone investment income (add lines 26 through 29) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30

Partnerships and S corporations: See instructions . Estates and trusts: Include the result on

Form M2, line 38 . Individuals and sole proprietors: Include the result on Schedule M1M, line 31 .

Section E—To be completed by all qualified businesses

31 Zone payroll (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31

32 2003 zone payroll (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32

33 Subtract line 32 from line 31 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33

34 Total payroll in Minnesota (amount from line 6, column B, of this schedule) . . . . . . . . . . . . . . . . . 34

35 2003 Minnesota payroll . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35

36 Subtract line 35 from line 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36

37 Amount from line 33 or line 36, whichever is less (if zero or less, stop here; you do not qualify) . 37

38 Number of full-time equivalent employees in zone during the taxable year . . . . . . . . . . . . . . . . . . 38

39 Number of full-time equivalent employees in zone during 2003 . . . . . . . . . . . . . . . . . . . . . . . . . . . 39

40 Subtract line 39 from line 38 (if zero or less, enter zero)

Enter a maximum of two decimal places . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40

41 Multiply line 40 by $37,450 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41

42 Subtract line 41 from line 37 (if zero or less, stop here; you do not qualify for this credit) . . . . . . 42

43 JOBZ Jobs Credit (multiply line 42 by .07) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43

C corporations: Include the result on Form M4, line 5 . S corporations: Include the result on Form

M8, line 11 . Partnerships: Include the result on Form M3, line 8 . Estates and trusts: Include the

result on Form M2, line 15c . Sole proprietors: Include the result on Schedule M1B, line 3 .

Nonprofit organizations: Include the result on Schedule M4NPI, line 4a .

You must include this schedule when you file your tax return (Form M1, M2, M3, M4, M8 or M4NP).

Schedule Jobz - Jobz Tax Benefits - 2013 Page 2

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