Form 527 - Small Business Capital Company Information Report Page 3
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32011 Form 527 - page 3
Instructions and Guidelines for Preparing
Small Business Capital Company Information Report
(Continued)
under any Industry Number appearing under any Major Group Number of Divisions A, C, D, E, F or I of the Standard
Industrial Classification (SIC) Manual, 1987 revision, with the exception of Major Groups 1 and 2 of Division A. The
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
of need by a qualified Small Business Capital Company or an Oklahoma 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 small business ventures during the period of June 1,
2010 through December 31, 2011. No amount of qualified investment made in a qualified small business capital company
which has not been invested in one or more Oklahoma 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 Sec. 2357.1A-2.
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