Form 40 - Individual Income Tax Return - 2016 Page 14

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S HEDULE
160017AR
ARA
2 16
Alabama Department of Revenue
Alabama Renewal Act Credit
NAME(S) AS SHOWN ON TAX RETURN
PRIMARY SOCIAL SECURITY NO.
SPOUSE SOCIAL SECURITY NO.
Part I – Alabama Renewal Act – Port Credit
Company Name ______________________________________________________________________________________________
Company Address ____________________________________________________________________________________________
____________________________________________________________________________________________________________
Department of Commerce Qualifying Project Number _________________________________________________________________
FEIN or SSN of Qualifying Project ________________________________________________________________________________
1
1. Port Credit amount certified or Pro Rata share from Schedule K-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2. Enter Tax Due from Schedule NTC, line 19. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Go To Schedule NTC
3
3. Enter the lessor of line 1 or line 2. Enter this amount on Schedule NTC, line 20 . . . . . . . . . . . . . . . . .
4
4. Amount of Port Credit carryforward. Subtract line 3 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If equal to zero, you have no remaining credit carryforward.
Part II – Reserved for Future Use
Part III – Alabama Renewal Act – Growing Alabama Credit
Name of Local Economic Development Organization (LEDO) ___________________________________________________________
Address of Local Economic Development Organization ________________________________________________________________
____________________________________________________________________________________________________________
1
1. Amount(s) contributed to above organization this year. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2. Enter amount from Schedule NTC, line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3. Multiply line 2 by 50% (.50) and enter amount here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4. CREDIT ALLOWABLE: Enter the lessor of line 1 or line 3.
4
Go To Schedule NTC
Enter here and on Schedule NTC, line 22 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5. Amount of Growing Alabama Credit carryforward. Subtract line 4 from line 1 . . . . . . . . . . . . . . . . . . . .
If equal to zero, you have no remaining credit carryforward.
Part IV – Reserved for Future Use

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