Form 60 - North Dakota S Corporation Income Tax Bokklet - 2012 Page 8
Download a blank fillable Form 60 - North Dakota S Corporation Income Tax Bokklet - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 60 - North Dakota S Corporation Income Tax Bokklet - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
296
Line 4a
to a consumer at a retail location. Except for
Line 11a. Enter the allowable credit on this
Renaissance zone historic property
costs incurred before January 1, 2005, include
line.
preservation tax credit
eligible costs incurred before the tax year in
Line 11b. Enter on this line the amount of
Enter on this line the amount from Schedule
which sales of the eligible biodiesel or green
qualifying new investment made during the
RZ, Part 4, line 10. Attach Schedule RZ.
diesel fuel begin. The credit is allowed in
2012 tax year on which the credit was based.
each of fi ve tax years, starting with the tax
Line 4b
Disregard this line if the credit is from a
year in which sales of the eligible biodiesel
Renaissance fund organization
passthrough entity.
or green diesel fuel begin. Enter the credit on
investment tax credit
this line. Attach a statement showing the
Line 11c. Enter on this line the amount
Enter on this line the amount from Schedule
calculation of the credit.
of compensation paid for qualifying new
RZ, Part 5, line 7. Attach Schedule RZ.
employment during the 2012 tax year on
Line 9
which the credit was based. Disregard this
Line 4c
Geothermal energy device tax credit
line if the credit is from a passthrough entity.
Renaissance zone nonparticipating
If the corporation installed a qualifying
property owner credit
geothermal energy device after December 31,
Line 12
Enter on this line the amount from
Research expense credit
2008 on property it owns or leases in North
Schedule RZ, Part 6, line 9.
Dakota, it is allowed a credit equal to 3%
If the corporation conducted qualifi ed
of the costs of acquisition and installation.
Line 5
research in North Dakota, it is allowed a
Seed capital investment credit
The credit is allowed in each of fi ve tax
tax credit on qualifi ed research expenses in
years, starting with the tax year in which
excess of base period research expenses. The
If the corporation invested in a qualifi ed
the installation is completed. For more
credit is equal to 25% of the fi rst $100,000 of
business for purposes of the seed capital
information, see N.D.C.C. § 57-38-01.8.
excess qualifi ed expenses plus an additional
investment tax credit, multiply the total
Enter the credit on this line. Attach
credit on excess qualfi ed expenses over
amount invested during the 2012 tax year by
a statement describing the device, a
$100,000 at a credit rate that is dependent
45% and enter the result on this line.
detailed list of the costs of acquisition and
on the tax year in which it fi rst conducted
Line 6
installation, and the date the device was
qualifi ed research in North Dakota. For
Ag commodity investment credit
completely installed.
details, see N.D.C.C. § 57-38-30.5.
If the corporation invested in a qualifi ed
Line 10
business for purposes of the agricultural
Line 12a. Enter the allowable credit on this
Employer internship program credit
commodity processing facility investment
line. Do not include on this line any research
If the corporation hired an eligible college
tax credit, multiply the total amount invested
credit obtained from another taxpayer
student under a qualifying internship program
during the 2012 tax year by 30% and enter the
through a sale, assignment, or transfer—
set up in North Dakota, it is allowed a credit
result on this line.
report this amount on Line 12b.
equal to 10% of the compensation paid to the
Line 12b. Enter on this line a research credit
Line 7
intern. For details, see N.D.C.C. § 57-38-
Biodiesel or green diesel fuel
obtained from another taxpayer through a
01.24. The corporation is allowed no more
supplier credit
sale, assignment, or transfer. For details, see
than $3,000 of credits for all tax years.
N.D.C.C. § 57-38-30.5.
If the corporation is a licensed supplier of
Line 10a. Enter the allowable credit on this
biodiesel or green diesel fuel, it is allowed
line.
Line 13
a credit equal to fi ve cents per gallon for
Endowment fund tax credit
blending biodiesel or green diesel fuel having
Line 10b. Enter the number of eligible
If the corporation made a charitable
at least a 5% blend (“B5”) that meets ASTM
interns hired during the 2012 tax year.
contribution to a qualifi ed endowment fund in
specifi cations. For this purpose, a “supplier”
Disregard this line if the credit is from a
North Dakota, it is allowed a tax credit equal
means a person who distributes the biodiesel
passthrough entity.
to 40% of the contribution, up to a maximum
or green diesel fuel from a terminal in North
Line 10c. Enter on this line the total
credit of $10,000. For details, see N.D.C.C.
Dakota. Enter the credit on this line. Attach
§ 57-38-01.21.
compensation paid to eligible interns during
a statement showing the calculation of the
the 2012 tax year (as shown on their 2012
credit.
Form W-2s). Disregard this line if the credit
Line 13a. Enter the allowable credit on this
Line 8
is from a passthrough entity.
line.
Biodiesel or green diesel fuel seller
Line 11
credit
Line 13b. Enter on this line the amount of
Microbusiness credit
If the corporation is a licensed seller of
charitable contribution made to a qualifi ed
If the corporation is certifi ed as a
biodiesel or green diesel fuel, it is allowed a
endowment fund in North Dakota during the
microbusiness by the North Dakota
credit equal to 10% of the costs to adapt or
2012 tax year on which the credit is based.
Commerce Department, it is allowed a tax
add equipment to its facility to enable it to sell
credit equal to 20% of the eligible cost of new
diesel fuel having at least a 2% biodiesel or
investment in property and new employment.
green diesel blend (“B2”) that meets ASTM
For details, see N.D.C.C. § 57-38-01.27. The
specifi cations. For this purpose, a “seller”
corporation is allowed no more than $10,000
means a person who acquires the fuel from
of tax credits for all tax years.
a wholesale supplier or distributor for resale
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial