Form Dr-116000 - Application For Tax Credit Allocation For Contributions To Nonprofit Scholarship-Funding Organizations (Sfos) Page 3

DR-116000

R. 01/18

Once you receive written confirmation and approval for the

day in January for contributions to be made in tax years that

credit allocation from the Department, you are expected to

begin in the same calendar year.

make such contribution within the tax year or state fiscal year

For the excise tax on liquor, wine, and malt beverages,

for which the credit allocation was approved.

applications can be submitted beginning on the first business

Upon receiving a contribution, a nonprofit SFO will issue a

day in January for contributions to be made in the state fiscal

certificate of contribution to the taxpayer. This certificate will

year beginning the following July 1.

contain the following information:

For the oil and gas production tax and sales tax paid

• Contributor’s name

under a direct pay permit, applications can be submitted

• Contributor’s FEIN

beginning on the first business day in January for

contributions to be made in the state fiscal year beginning the

• Contributor's license number issued by the

following July 1.

Division of Alcoholic Beverages and Tobacco

• Amount of contribution

The allocation of each state fiscal year’s allotted amount

begins on the first business day in January.

• Date of contribution

• Name of nonprofit SFO

We will accept applications until the allotted amount is

reached or until the end of the applicable state fiscal year or

An officer or authorized representative of the nonprofit

tax year (for corporate income tax and insurance premium

SFO will sign the certificate. You must attach a copy of

tax), whichever occurs first.

the certificate(s) of contribution to your tax return when

filed; or for sales tax, submit a copy of the certificate to the

Example 1 – A corporate income taxpayer or insurance

Department before claiming the credit.

premium taxpayer applying for a credit allocation for its

tax year beginning on January 1, 2017, could submit an

All other requirements of s. 1002.395, F.S., must be met to

application between January 2, 2017 and December 31, 2017,

claim this credit.

assuming the annual allocation is not exhausted before the

time of application. In this example, you must contribute to

The letter granting approval of the credit allocation will

the nonprofit SFO between January 1, 2017 and December 31,

indicate the time frame in which the contribution must

2017.

be made, and express that the credit is contingent upon

an eligible contribution being made and accepted by the

Example 2 – A corporate income taxpayer applying for a

nonprofit SFO.

credit allocation for its tax year beginning on July 1, 2017,

If the nonprofit SFO listed on the approval letter is unable to

could submit an application between January 2, 2017

accept a contribution or part of a contribution because of its

and June 30, 2018, assuming the annual allocation is not

obligations under s. 1002.395, F.S., and it provides a written

exhausted before the time of application. In this example,

statement declining the contribution, the taxpayer may make

you must contribute to the nonprofit SFO between

the contribution or partial contribution to another eligible

July 1, 2017 and June 30, 2018.

nonprofit SFO. The taxpayer must keep the written statement

Example 3 – A sales taxpayer or oil and gas production

for its records to support the credit claimed. Contributions

taxpayer applying for a credit allocation could submit an

must be made during the year specified in the approval letter.

application between January 2, 2017 and June 30, 2018,

Contributions to a nonprofit SFO are not payments of

assuming the annual allocation is not exhausted before the

estimated tax or installment payments of tax. Taxpayers must

time of application. In this example, you must contribute to

make installment payments to the Department of Revenue in

the nonprofit SFO between July 1, 2017 and June 30, 2018,

accordance with ss. 220.34 and 1002.395(5)(g), F.S., and

and the credit can be claimed after the contribution is made

Rule 12C-1.034, F.A.C., for corporate income tax;

and before June 30, 2018. For any credit amount that is not

ss. 624.5092 and 1002.395(5)(g), F.S., and Rule 12B-8.001,

used before June 30, 2018, an application can be submitted

F.A.C., for insurance premium tax; and s. 212.11, F.S., and

beginning July 1, 2018, for approval to carry forward the

Rule 12A-1.056, F.A.C., for sales and use tax. For corporate

unused credit to be used in the new state fiscal year. An

income tax and insurance premium tax, penalty and interest

unused credit cannot be carried forward more than 5 years.

applies to an underpayment of estimated tax unless the

Example 4 – A taxpayer who pays excise tax on liquor,

amount due under the prior year exception is timely paid.

wine, and malt beverages applying for a credit allocation

The installment amounts that must be paid to meet the

could submit an application between January 2, 2017

prior year exception for corporate income tax and insurance

and June 30, 2018, assuming the annual allocation is not

premium tax are decreased by the amount of the scholarship

exhausted before the time of application. In this example, you

funding credit earned with contributions made during the

must contribute to the nonprofit SFO between July 1, 2017

tax year. Contributions must be made on or before the

and June 30, 2018, and the credit can be claimed after the

installment due date to decrease the amount that must be

contribution is made and before June 30, 2018. For any credit

paid to meet the prior year exception.

amount that is not used before June 30, 2018, an application

Program Guidelines.

can be submitted beginning July 1, 2018, for approval to carry

forward the unused credit to be used in the new state fiscal

For corporate income tax and insurance premium tax,

year. An unused credit cannot be carried forward more than

applications can be submitted beginning on the first business

5 years.

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