California Form 3809 - Targeted Tax Area Deduction And Credit Summary - 2011 Page 2
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1
2Schedule Z
Computation of Credit Limitations — Targeted Tax Area
Part I Computation of Credit Limitations. See instructions.
1 Trade or business income. Individuals: Enter the amount from Worksheet III, Section C, line 14, column (c)
on this line and on line 3 (skip line 2). See instructions. Corporations which file a combined report,
enter the taxpayer’s business income apportioned to California (see instructions Part III) . . . . . . . . . . . . . . . . . . . . . .
1
2 Corporations: Enter the average apportionment percentage from Worksheet III, Section A, line 4. See instructions . .
2
3 Multiply line 1 by line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Enter the TTA NOL deduction from Worksheet IV, Section C, line 22, column (c). . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5 TTA taxable income. Subtract line 4 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 a Compute the amount of tax due using the amount on line 5.
See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6a
b Enter the amount of tax from Form 540, line 35; Long Form 540NR, line 42;
Form 541, line 21; Form 100, or Form 100W, line 24; Form 100S, line 22; or
Form 109, line 10. Corporations and S corporations, see instructions . . . . . . . . . . 6b
7 Enter the smaller of line 6a or line 6b. This is the limitation based on the TTA income. Go to Part II, Part III,
or Part IV. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
Part II Limitation of Credits for Corporations, Individuals, Estates, and Trusts. See instructions.
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
Credit
Credit
Total
Total credit
Total credit
Limitation
Credit used on
Total credit
name
amount
prior year
assigned from
sum of col. (b)
based on
Sch. P
carryover
carryover
form FTB 3544
plus col. (c),
TTA business
Can never be
col. (e) minus
col. (g)
minus col. (d)
income
greater than col. (e)
col. (f)
or col. (f)
A
8 Hiring Credit
B
A
9 Sales or use
tax credit
B
Part III Limitation of Credits for S Corporations Only. See instructions.
(a)
(b)
(c)
(d)
(e)
(f)
(g)
Credit
Credit
S corporation credit
Total
Total credit
Credit used
Carryover
name
amount
col. (b)
prior year
col. (c)
this year by
col. (e) minus
multiplied by 1/3
carryover
plus col. (d)
S corporation
col. (f)
10 Hiring Credit
11 Sales or use
tax credit
Part IV Limitation of Credits for Corporations and S Corporations Subject to Paying Only the Minimum Franchise Tax. See instructions.
(a)
(b)
(c)
(d)
(e)
Credit
Credit
Total prior
Total credit assigned
Total credit carryover
name
amount
year carryover
from form FTB 3544
sum of col. (b) plus
col. (g)
col. (c), minus col. (d)
12 Hiring Credit
13 Sales or use
tax credit
Refer to page 4 for information on how to claim deductions and credits.
Side 2
FTB 3809 2011
7582113
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