Form F-1196 Draft - Allocation For Research And Development Tax Credit For Florida Corporate Income/franchise Tax Page 4

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Federal Credit for Increasing Research Activities
Is the corporation planning to claim the federal credit for increasing research activities for its
qualified research expenses incurred during the prior calendar year?  Yes
 No
Indicate the corporation's total (including non-Florida) research expenses qualifying for the
federal credit for increasing research activities under s. 41, IRC, incurred during calendar
(January 1 – December 31).
year
(Enter whole dollar amount only.)
$
Tentative Allowable Amount of Credit
Lines (1) – (6): Compute the base amount as the average of the qualified research expenses in
Florida for the 4 taxable years preceding the taxable year for which the credit is determined. The
qualified research expenses taken into account in computing the base amount is determined on
a basis consistent with the determination of qualified research expenses for the taxable year.
The 4 taxable years used to compute the base amount must end before the calendar year for
which the qualified research expenses are determined. For example, the base years for
qualified research expenses incurred during calendar year 2017 should end in 2016, 2015,
2014, and 2013*. See table below:
1st taxable
2nd taxable
3rd taxable
4th taxable
Qualified
year ending
year ending
year ending
year ending
research
Tax year end
before the
before the
before the
before the
expenses in
taxable year
taxable year
taxable year
taxable year
Florida
of the credit
of the credit
of the credit
of the credit
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
01/31/2018
01/31/2016
01/31/2015
01/31/2014
01/31/2013
02/29/2018
02/28/2016
02/28/2015
02/29/2014
02/28/2013
03/31/2018
03/31/2016
03/31/2015
03/31/2014
03/31/2013
04/30/2018
04/30/2016
04/30/2015
04/30/2014
04/30/2013
05/31/2018
1/1/2017-
05/31/2016
05/31/2015
05/31/2014
05/31/2013
12/31/2017
06/30/2018
06/30/2016
06/30/2015
06/30/2014
06/30/2013
07/31/2018
07/31/2016
07/31/2015
07/31/2014
07/31/2013
08/31/2018
08/31/2016
08/31/2015
08/31/2014
08/31/2013
09/30/2018
09/30/2016
09/30/2015
09/30/2014
09/30/2013
10/31/2018
10/31/2016
10/31/2015
10/31/2014
10/31/2013
11/30/2018
11/30/2016
11/30/2015
11/30/2014
11/30/2013
*If the corporation has any short years as part of the base calculation, include the corporation’s
taxable years.
Lines (7) – (10): Compute the credit allocation requested. The tax credit is 10 percent of the
qualified research expenses over the base amount. However, the maximum tax credit for a
business enterprise that has not been in existence for at least 4 taxable years immediately
preceding the taxable year of the credit is reduced by 25 percent for each taxable year for which

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