Form 526 - Rural Small Business Capital Company Information Report Page 3
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32011 Form 526 - page 3
Instructions and Guidelines for Preparing
Rural Small Business Capital Company Information Report
(Continued)
1987 revision with the following exceptions: (1) Major Group 1 of Division A and (2) Major Group 2 of Division A. The rural
business venture must expend within 18 months after the date of the qualified investment at least 50% of the proceeds
of the qualified investment for the acquisition of tangible or intangible assets which are used in the active conduct of
their trade or business or, effective August 21, 2008, for working capital for the active conduct of such trade or business.
Working capital does not include consulting, brokerage or transaction fees. The OTC, upon request and demonstration by
a qualified Rural Small Business Capital Company or an Oklahoma Rural Small Business Venture, or an investor or an
authorized agent of any such entities, may extend the 18-month period for a period not to exceed six months.
This information return, including enclosures, must be filed by April 30th.
Mail to:
Oklahoma Tax Commission
Compliance Division: Corporate Income Tax
Post Office Box 269054
Oklahoma City, OK 73126-9054
Tax Credit Moratorium
No credit may be claimed for qualified investments in Oklahoma rural small business ventures during the period of June 1,
2010 through December 31, 2011. No amount of qualified investment made in a qualified rural small business capital com-
pany which has not been invested in one or more Oklahoma rural small business ventures prior to June 1, 2010 is eligible
for any credit otherwise authorized, and no investment made during the moratorium is eligible for a credit.
Note: Credit Carryover - Credits established before June 1, 2010 are eligible to be claimed under normal carryover provi-
sions, if applicable.
Notice
Effective July 1, 2011
Tax credits transferred or allocated must be reported on Oklahoma Tax Commission Form 569. Failure to file Form 569
will result in the affected credits being denied by the Oklahoma Tax Commission pursuant to 68 OS Section 2357.1A-2.
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