Form Dr-116000 - Application For Tax Credit Allocation For Contributions To Nonprofit Scholarship Funding Organizations (Sfos) Page 3
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3DR-116000
R. 07/11
Upon receiving a contribution, an SFO will issue a certificate
For the oil and gas production tax and sales tax paid under a
of contribution to the taxpayer. This certificate will contain the
direct pay permit, applications can be submitted beginning on
following information:
the first business day in January for contributions to be made in
the state fiscal year beginning the following July 1.
• Contributor’s name
• Contributor’s FEIN
The allocation of each state fiscal year’s allotted amount begins
• Contributor's license number issued by the
on the first business day in January.
Division of Alcoholic Beverages and Tobacco
We will accept applications until the allotted amount is reached
• Amount of contribution
or until the end of the applicable state fiscal year or tax year (for
• Date of contribution
corporate income and insurance premium tax), whichever occurs
• Name of SFO
first.
An officer or authorized representative of the SFO will sign
Example 1 – A corporate income taxpayer or insurance premium
the certificate. You must attach a copy of the certificate(s) of
taxpayer applying for a credit allocation for its tax year beginning
contribution to your tax return when filed; or for sales tax, submit
on January 1, 2012, could submit an application between
a copy of the certificate to the Department before claiming the
January 3, 2012 and December 31, 2012, assuming the annual
credit.
allocation is not exhausted before the time of application.
All other requirements of s. 1002.395, F.S. must be met to claim
In this example, you must contribute to the SFO between
this credit.
January 1, 2012 and December 31, 2012.
The letter granting approval of the credit allocation will indicate
Example 2 – A corporate income taxpayer applying for a credit
the time frame in which the contribution must be made, and
allocation for its tax year beginning on July 1, 2012, could submit
express that the credit is contingent upon an eligible contribution
an application between January 3, 2012 and June 30, 2013,
being made and accepted by the SFO.
assuming the annual allocation is not exhausted before the time
of application. In this example, you must contribute to the SFO
If the SFO listed on the approval letter is unable to accept a
between July 1, 2012 and June 30, 2013.
contribution or part of a contribution because of its obligations
under s. 1002.395, F.S., and it provides a written statement
Example 3 – A sales taxpayer or oil and gas production taxpayer
declining the contribution, the taxpayer may make the
applying for a credit allocation, could submit an application
contribution or partial contribution to another eligible SFO. The
between January 3, 2012 and June 30, 2013, assuming the
taxpayer should keep the written statement for its records to
annual allocation is not exhausted before the time of application.
support the credit claimed. Contributions must be made during
In this example, you must contribute to the SFO between
the year specified in the approval letter.
July 1, 2012 and June 30, 2013, and the credit can be claimed
after the contribution is made and before June 30, 2013. For
Contributions to an SFO are not payments of estimated tax or
any credit amount that is not used before June 30, 2013, an
installment payments of tax. Taxpayers must make installment
application can be submitted beginning July 1, 2013 for approval
payments to the Department of Revenue in accordance with
to carry forward the unused credit to be used in the new state
s. 220.34, F.S., and Rule 12C-1.034, F.A.C., for corporate income
fiscal year. An unused credit cannot be carried forward more
tax; s. 624.5092, F.S. and Rule 12B-8.001, F.A.C., for insurance
than 5 years.
premium tax; and s. 212.11 F.S., and Rule 12A-1.056, F.A.C., for
sales and use tax.
Example 4 – A taxpayer who pays excise tax on liquor, wine,
and malt beverages applying for a credit allocation could submit
Program Guidelines.
an application between January 3, 2012 and June 30, 2013,
For corporate income tax and insurance premium tax,
assuming the annual allocation is not exhausted before the time
applications can be submitted beginning on the first business
of application. In this example, you must contribute to the SFO
day in January for contributions to be made in tax years that
between July 1, 2012 and June 30, 2013, and the credit can be
begin in the same calendar year.
claimed after the contribution is made and before June 30, 2013.
For the excise tax on liquor, wine, and malt beverages,
For any credit amount that is not used before June 30, 2013, an
applications can be submitted beginning on the first business
application can be submitted beginning July 1, 2013 for approval
day in January for contributions to be made in the state fiscal
to carry forward the unused credit to be used in the new state
year beginning the following July 1.
fiscal year. An unused credit cannot be carried forward more
than 5 years.
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