Form 40 - Individual Income Tax Return - 2016 Page 16

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160011OC

Schedule OC

(Form 40 or 40NR) 2016

Page 2

Name(s) as shown on Form 40 or 40NR

Your social security number

Reset Schedule OC

PART I – Irrigation/Reservoir System Credit — This is a one-time, one purchase credit taken the year the system is

placed in service. Any remaining credit not utilized in the year placed in service may be carried forward for up to

5 years. In order to receive the Irrigation/Reservoir System credit, please attach supporting documentation to verify the

purchase, installation and/or conversion costs. If the certification is not attached, no credit will be allowed.

1 Purchase cost and installation costs of irrigation system. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Conversion costs to convert from fuel to electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Check this box for line 4 credit

4 Multiply line 3 by 20% (.20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Cost of constructing reservoir. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Check this box for line 6 credit

6 Multiply line 5 by 20% (.20). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Enter the amount from line 4 or line 6, but not both . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$10,000 00

8 Credit Limit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 Enter the lesser of line 7 or line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10 Pro rata share of credit from Schedule-K-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

FEIN of entity _____________________________

•

PART J – Credit for Taxes paid to a Foreign Country

11 MAXIMUM CREDIT ALLOWABLE: Line 9 or pro rata share of credit from line 10, if applicable. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Note: All dollar figures must be in U.S. dollars.

1 S Corporation/Partnership/Estate/Trust Name ___________________________________________________________________________________

2 FEIN ____________________________________

3 Name of country income earned in ____________________________________________________________________________________________

4 Your pro rata share in entity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Pro rata share of income from foreign operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Alabama tax imposed on pro rata share of income from foreign operations (line 5). . . . . . . . . . . . . . . . . . . . . . . .

7 Pro rata share of tax due the foreign country as shown on that country's tax return . . . . . . . . . . . . . . . . . . . . . . .

8 Tax due Alabama from Form 40, page 1, line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 Multiply line 7 by 50% (.50). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

•

PART K – Neighborhood Infrastructure Incentive Plan Credit

10 CREDIT ALLOWABLE. Enter the lesser of line 6, line 8 or line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Note: Do not include condominium, homeowner’s or neighborhood homeowner association fees paid.

1 Local Neighborhood Infrastructure Authority District Name and Address _______________________________________________________________

________________________________________________________________________________________________________________________

2 FEIN ____________________________________

3 Local Neighborhood Infrastructure Authority District Charter Number _________________________________________________________________

4 Date of original assessment _____________________________

5 Were you assessed by the Neighborhood Infrastructure Authority District between January 1, 2012 and December 31, 2015?

Yes

If “Yes” is selected, please complete lines 6 through 9 below. If “No” is selected, no credit is allowable.

6 Enter amount of voluntary assessment paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Multiply line 6 by 10% (.10). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$1,000 00

8 Maximum Allowable Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

•

PART L – Summary

9 CREDIT ALLOWABLE. Enter the lesser of line 7 or line 8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 TOTAL CREDITS ALLOWABLE. Add Part A, line 1, Part B, line 8, Part C, line 4, Part D, line 1, Part E, line 1, Part F, line 7, Part G, line 4,

•

Part H, line 6, Part I, line 11, Part J, line 10 and Part K, line 9, Enter the total here and on Schedule NTC, line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Go To Schedule NTC