Instructions For Form Pa-20s/pa-65 - Schedule Oc - Other Credits - 2011 Page 4
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8passed through. However, any R & D
Guidelines for the Film
Organ and Bone
tax credit issued after Dec. 31, 2005
Production Tax Credit
Marrow Donor Tax
that is passed through must be used
●
The tax credit must first be applied
in the year the credit is passed
Credit
to the entity’s corporate tax liability,
through.
if any, for the year in which the tax
This tax credit expired Dec. 31,
● The tax credit cannot be applied
credit is awarded before it can be
2010. Although no new tax credits
against any tax withheld by an
passed through to its partners,
are being issued, carry forward of
employer from an employee under
shareholders or members.
unused tax credits is allowed for
Article III of the Tax Reform Code.
●
three taxable years until Dec. 31,
The tax credit may be applied to
2013.
100 percent of the entity’s liability, or
The entity claims the tax credit or
Revenue’s Bureau of Corporation
to 100 percent of the entity owners’
passes it through to entity owners by
Taxes administers the award of this
liabilities.
submitting the claim form with the
tax credit to eligible businesses that
●
The tax credit can be sold or
certification received from the
provide paid leave of absences to
assigned. Refer to
Saleable or
Department of Revenue to:
employees for organ or bone marrow
Assignable Tax Credits.
donation.
●
PA DEPARTMENT OF REVENUE
A purchased or assigned tax credit
The amount of the tax credit is
BUREAU OF CORPORATION
may be applied to no more than 50
equal to the employee compensation
TAXES PO BOX 280701
percent of the tax liability of the
paid during the leave of absence, the
HARRISBURG PA 17128-0701
purchaser or assignee.
cost of temporary replacement help
●
The entity may carry forward any
and any miscellaneous expenses
If this certification form is not
unused tax credits to no more than
authorized by regulation incurred
received, the tax credit will not be
the three succeeding taxable years.
with the leave of absence period.
applied to any tax accounts. The tax
●
The tax credit may not be carried
Qualified businesses, including
credit must be claimed by the
pass through entities can apply the
back and is not refundable.
taxpayer within 15 years of the
carry forward of unused tax credit
●
The amount of the tax credit
effective date.
against the following Pennsylvania
passed through to partners,
For more information, to apply for
state taxes:
shareholders or members is based on
a Research & Development tax
●
capital stock/foreign franchise tax
the percentage of income distribution
credit, visit Revenue’s Online
●
from the entity receiving the tax
corporate net income tax
Customer Service Center at
credit. The partner, shareholder or
●
and
bank shares tax
member must use the tax credit in
complete form REV-545.
●
mutual thrift institutions tax
the year it is passed through. See the
To sell or assign a Research &
●
title insurance and trust company
guidelines under
Passing Through
Development tax credit, visit the
shares tax
Tax Credit To Entity Owners.
Department of Community and
●
insurance gross premiums tax
●
A taxpayer which claims a tax
Economic Development’s website at
(excluding surplus lines,
or call the DCED
credit and fails to incur the amount
unauthorized, domestic/foreign
Customer Service Center at 1-800-
of qualified film production expenses
marine)
379-7448.
agreed to in section 1703-D(c)(3) for
●
personal income tax
a film in that taxable year shall repay
to the Commonwealth the amount of
Film Production Tax
the film production tax credit claimed
Guidelines for the Organ and
under this article for the film.
Credit
Bone Marrow Donor Tax
●
The tax credit cannot be applied
Credit
The Pennsylvania Department of
against any tax withheld by an
●
The entity decides if the tax credit
Community and Economic
employer from an employee under
Development (DCED) administers the
will be applied towards corporation
Article III of the Tax Reform Code.
award of this tax credit to individuals
tax and/or passed through to its
or companies that produce a feature
partners, shareholders or members.
For more information, to apply for
film, television film, television talk or
●
The tax credit may be applied to
a Film Production tax credit, visit the
game show series, television
100 percent of the entity’s liability or
Department of Community and
commercial, television pilot or each
to 100 percent of the entity owners’
Economic Development’s website at
episode of a television series
liabilities.
or call the DCED
intended as programming for a
●
The tax credit cannot be sold or
Customer Service Center at 1-800-
national audience.
379-7448.
assigned.
Qualified businesses, including
To sell/assign the Film Production
●
The entity may carry forward any
pass through entities and individuals
tax credit, visit the Department of
unused tax credits for no more than
may apply the tax credit against the
Community and Economic
three succeeding taxable years until
following Pennsylvania state taxes:
Development’s website at
Dec. 31, 2013.
●
capital stock/foreign franchise tax
or call the DCED
●
The tax credit may not be carried
●
corporate net income tax
Customer Service Center at 1-800-
back and is not refundable.
●
379-7448.
personal income tax
●
The tax credit cannot be applied
against any tax withheld by an
employer from an employee under
Article III of the Tax Reform Code.
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Instructions for PA-20S/PA-65 Schedule OC
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