Form N-318 - High Technology Business Investment Tax Credit - 2011 Page 4
Download a blank fillable Form N-318 - High Technology Business Investment Tax Credit - 2011 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 N-318 - High Technology Business Investment Tax Credit - 2011 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
4PAGE 4
FORM N-318
(REV. 2011)
CREDIT WORKSHEET
QHTBs, attach a schedule to Form N-318. If you made investments in the
same QHTB in different years, report each year’s investment in a separate
Tax Credit
Amount
column (if more than three years, attach a schedule to Form N-318). Also,
a. Ethanol Facility Tax Credit ........
if the tax year includes periods both before and after May 1, 2009, use
separate columns for investments received by the QHTB before May 1,
b.
Credit for Low-Income
Household Renters...................
2009 and those received on or after May 1, 2009.
Line 2.—Enter the amount of the investment for each QHTB (see General
c.
Credit for Child and Dependent
Care Expenses.........................
Instructions for the definition of “Investment”).
d. Credit from a Regulated
Line 3.—Enter the rate applicable to the tax year in which the investment
Investment Company.................
was made. For applicable rates, refer to the Rate Table as follows:
e.
Fuel Tax Credit for Commercial
Fishers......................................
f.
Credit for Child Passenger
Rate Table
Restraint Systems ....................
Applicable
Applicable
Applicable
Applicable
rate for
rate for
rate for
rate for
g. Capital Goods Excise Tax
Credit .......................................
investments
investments
investments
investments
made in
made in
made in
made in
h. Motion Picture, Digital Media
tax year
tax year
tax year
tax year
and Film Production Income
2007
2008
2009
2010
Tax Credit .................................
Year of
*Tax Year
*Tax Year
*Tax Year
Tax Year
i.
Refundable Food Excise Tax
2007:
2008:
2009:
2010:
investment
Credit .......................................
*35%
*35%
35%
35%
j.
Tax Credit for Research
Up to
Up to
Up to
Up to
Activities ...................................
max of
max of
max of
max of
$700,000
$700,000
$700,000
$700,000
k.
Renewable Energy
Technologies Income Tax
per QHTB
per QHTB
per QHTB
per QHTB
Credit (Refundable) .................
First year
*Tax Year
*Tax Year
Tax Year
Tax Year
2008:
2009:
2010:
2011:
following
l.
Important Agricultural Land
*25%
25%
25%
25%
Qualified Agricultural Cost Tax
year of
Credit .......................................
Up to
Up to
Up to
Up to
investment
max of
max of
max of
max of
m. Income Taxes Paid to Another
$500,000
$500,000
$500,000
$500,000
State or Foreign Country .........
per QHTB
per QHTB
per QHTB
per QHTB
n. Enterprise Zone Tax Credit ......
Second
*Tax Year
Tax Year
Tax Year
Tax Year
2009:
2010:
2011:
2012:
year
o.
Carryover of the Energy
Conservation Tax Credit ...........
20%
20%
20%
20%
following
Up to
Up to
Up to
Up to
year of
p.
Credit for Employment of
max of
max of
max of
max of
Vocational Rehabilitation
investment
$400,000
$400,000
$400,000
$400,000
Referrals ..................................
per QHTB
per QHTB
per QHTB
per QHTB
q. Carryover of the Individual
Third year
Tax Year
Tax Year
Tax Year
Tax Year
Development Account
2010:
2011:
2012:
2013:
following
Contribution Tax Credit ............
10%
10%
10%
10%
year of
r.
Credit for School Repair and
Up to
Up to
Up to
Up to
investment
Maintenance ............................
max of
max of
max of
max of
$200,000
$200,000
$200,000
$200,000
s.
Carryover of the Renewable
per QHTB
per QHTB
per QHTB
per QHTB
Energy Technologies Income
Tax Credit (For Systems
Fourth
Tax Year
Tax Year
Tax Year
Tax Year
Installed and Placed in Service
2011:
2012:
2013:
2014:
year
Before July 1, 2009) .................
10%
10%
10%
10%
following
Up to
Up to
Up to
Up to
t.
Renewable Energy
year of
Technologies Income Tax
max of
max of
max of
max of
investment
Credit (Nonrefundable) ............
$200,000
$200,000
$200,000
$200,000
per QHTB
per QHTB
per QHTB
per QHTB
u. Low-Income Housing Tax
Credit .......................................
* The twelve-month period to claim the credit (including claims on amend-
v.
Add lines a through u. Enter
ed returns) has expired for the indicated tax years.
the amount here and on
Line 5.—Partnerships.—First, multiply the number of partners in the
Part II, line 11 ...........................
partnership by $2,000,000. Next, multiply the first result by the percentage
entered on line 3. Compare the second result with the amount on line 4
and enter the lesser amount on line 5.
Line 7.—Enter the total amount of credit reported on all Schedule K-1s is-
sued to the taxpayer for the indicated investments.
Line 11.—The law requires that ALL other credits, except for the technol-
ogy infrastructure renovation tax credit, offset a taxpayer’s tax liability
BEFORE allowing a credit for investment in a QHTB. Complete the Credit
Worksheet on this page and enter the result on line 11.
PART III. RECAPTURE OF HIGH TECHNOLOGY BUSI-
NESS INVESTMENT TAX CREDIT
Line 8.—Enter the total amount of recapture of the credit reported on all
Schedule K-1s issued to the taxpayer.
FORM N-318
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial