Form Dr-116000 - Application For Tax Credit Allocation For Contributions To Nonprofit Scholarship-Funding Organizations (Sfos) Page 2
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1
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3Instructions for Completing Form
DR-116000
R. 01/18
Corporate Income Tax
You may apply for this credit allocation using the Department’s
website at:
When applying for
One hundred percent of an eligible contribution is allowed as
a tax credit allocation, a separate application is required for
a credit. The credit granted must be reduced by the resulting
each nonprofit scholarship-funding organization, each separate
decrease in federal income tax when considering this credit
beverage license, and each sales tax certificate number. The
and the overall impact it has on the federal income tax due.
tax year for insurance premium tax is the current calendar year.
The amount taken as a credit for the taxable year must be
For corporate income tax, you must specify the applicable tax
added back to taxable income. A copy of the certificate of
year. For all other taxes, you must specify the applicable state
contribution from each nonprofit SFO must be attached to the
fiscal year.
return when claiming the credit.
Once you complete the online application you will receive
Excise Tax on Liquor, Wine, and Malt Beverages
a confirmation number that you can print out. The screen
One hundred percent of an eligible contribution is allowed
will display the information entered and confirm receipt
as a credit against any tax due under s. 563.05, 564.06, or
of the electronic application for credit allocation or credit
565.12, F.S., except excise taxes imposed on wine produced
carryforward.
by manufacturers in this state from products grown in this
The Department will send you written correspondence within
state. The amount of the credit taken may not exceed ninety
10 working days of receiving your application. We will either
percent of the tax due on the return. A copy of the certificate
approve an amount of tax credit allocation or explain why a
of contribution from each nonprofit SFO must be attached to
credit allocation could not be approved.
the return when claiming the credit.
Who May Apply?
Insurance Premium Tax
The following taxpayers may participate in the Florida Tax
One hundred percent of an eligible contribution is allowed
Credit Scholarship Program for contributions to nonprofit
as a credit against any tax due under s. 624.509, F.S., after
SFOs:
deducting from such tax:
• Florida oil and gas production taxpayers (ss. 211.02 and
1. Deductions for assessments made pursuant to
211.025, F.S.).
s. 440.51, F.S. (workers compensation administrative
assessments),
• Taxpayers who pay sales tax under a direct pay permit
(s. 212.183, F.S.).
2. Credits for taxes paid under ss. 175.101 and 185.08,
F.S. (firefighters’ and police officers’ pension trust funds),
• Corporate income taxpayers (Chapter 220, F.S.).
and
• Taxpayers who pay excise tax on liquor, wine, and malt
3. Credits for income tax paid under Chapter 220 F.S.,
beverages (ss. 563.05, 564.06, and 565.12, F.S.).
and the salary credit allowed under s. 624.509(5), F.S.,
• Insurance premium taxpayers (s. 624.509, F.S.).
as these are limited by s. 624.509(6), F.S. (the sixty-five
Oil and Gas Production Tax
percent limitation).
One hundred percent of an eligible contribution is allowed as a
A copy of the certificate of contribution from each nonprofit
credit, but the amount of the credit taken may not exceed fifty
SFO must be attached to the return when claiming the credit.
percent of the tax due on the return. A copy of the certificate
of contribution from each nonprofit SFO must be attached to
Program Information
the return when claiming the credit.
If the credit is not fully used in any applicable tax year (for
corporate income or insurance premium tax) or state fiscal
Sales and Use Tax Due From a Direct Pay Permit Holder
year (for excise tax on malt beverages, wine, and liquor; oil
One hundred percent of an eligible contribution is allowed as a
and gas production tax; or sales tax), application may be
credit. Before a credit can be claimed on a sales and use tax
made to obtain approval to carry forward the unused credit
return, the taxpayer must submit a copy of the certificate of
in a subsequent year. An unused credit cannot be carried
contribution from each nonprofit SFO to:
forward more than 5 years. The credit cannot be conveyed,
assigned, or transferred to another entity unless the other
Florida Department of Revenue
entity is a member of the taxpayer’s affiliated group, or all
Revenue Accounting
of the assets of the taxpayer are conveyed, assigned, or
PO Box 6609
transferred in the same transaction. For transfers to another
Tallahassee, FL 32314-6609
member of the taxpayer’s affiliated group, use
Within 10 working days, the Department of Revenue will
Form DR-116200 [incorporated by reference in Rule
respond with specific instructions about how to claim the
12-29.003, Florida Administrative Code (F.A.C.)].
credit on your return. In accordance with s. 1002.395(5)(f),
Contributions must be monetary and must be made to eligible
F.S., the nonprofit scholarship-funding organization indicated
nonprofit SFOs. The Department of Education establishes
on the application will be provided a copy of all letters or
the eligibility of the nonprofit SFOs. A list of nonprofit SFOs
correspondence of acknowledgement generated by the
is available from the Department of Education’s website at
Department with respect to the credit for sales and use tax
Their phone number is
from a direct pay permit holder.
800-447-1636.
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