Schedule In-119 - Vermont Economic Incentive Income Tax Credits - 2017
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1*171191100*
Vermont Economic Incentive
2017
SCHEDULE
119
IN-
Income Tax Credits
VERMONT
* 1 7 1 1 9 1 1 0 0 *
PRINT in BLUE or BLACK INK
INCLUDE WITH FORM IN-111
Taxpayer’s Last Name
First Name
Initial
Taxpayer’s Social Security Number
For credits earned through an S-Corporation, LLC, LLP, or Partnership, enter name and FEIN of the entity.
Name of
entity ___________________________________________________________
FEIN: _________________________
If credits from more than one business entity, fill out a separate IN-119 for each entity.
ALL CREDITS REQUIRE PRIOR APPROVAL
Column A
PLUS (+)
Column B
EQUALS (=)
Column C
Earned in 2017
Carryforward
2017 Credit
Prior approval required from Vermont Housing
Finance Agency for Line 1
.0 0
.0 0
.0 0
1.
Affordable Housing, 32 V.S.A. § 5930u . . . . . . 1. _______________________
_______________________
_______________________
Prior approval required from Vermont Division
for Historic Preservation for Lines 2-6
2.
Rehabilitation of Certified Historic Buildings,
.0 0
.0 0
NOT AVAILABLE
32 V.S.A. § 5930n . . . . . . . . . . . . . . . . . . . . . . . . . . 2. _______________________
_______________________
_______________________
3.
Platform Lifts, Elevators, or Sprinkler Systems,
.0 0
.0 0
NOT AVAILABLE
32 V.S.A. § 5930q. . . . . . . . . . . . . . . . . . . . . . . . 3. _______________________
_______________________
_______________________
.0 0
.0 0
.0 0
4.
Historic Rehabilitation, 32 V.S.A. § 5930cc(a) . . 4. _______________________
_______________________
_______________________
.0 0
.0 0
.0 0
5.
Facade Improvement, 32 V.S.A. § 5930cc(b) . . . . 5. _______________________
_______________________
_______________________
.0 0
.0 0
.0 0
6.
Code Improvements, 32 V.S.A. § 5930cc(c) . . . . 6. _______________________
_______________________
_______________________
.0 0
7.
Add Column C, Lines 1-6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.
_______________________
.0 0
8.
Enter amount from Schedule IN-112, Part IV, Line 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.
_______________________
.0 0
9.
Add Lines 7 & 8. If no credit claimed on Line 10, enter this amount on Form IN-111, Line 24. . . . . . . . . . . . . . . . 9.
_______________________
Tax Credit Calculation Worksheet
.0 0
10. Vermont Entrepreneur’s Seed Capital Fund, 32 V.S.A. § 5830b. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.
_______________________
.0 0
11. Enter adjusted Vermont income tax amount from Form IN-111, Line 22. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.
_______________________
.0 0
12. Enter credit for income tax paid to another state or Canadian province from Form IN-111, Line 23. . . . . . . . . 12.
_______________________
.0 0
13. Line 11 minus Line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.
_______________________
.0 0
14. Enter the smaller of Line 9 OR Line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.
_______________________
.0 0
15. Line 13 minus Line 14, but not less than zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.
_______________________
.0 0
16. Multiply Line 15 by 50%. . . . . . . . . . . . . . . . . . . . . . . . . . . . .16. ________________________
.0 0
17. Enter the smaller of Line 10 or Line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.
_______________________
.0 0
18. Total Credits Allowable. Enter the total of Lines 14 and 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.
_______________________
19. TOTAL INCOME TAX CREDITS AVAILABLE. Enter the smaller of Line 13 or Line 18.
.0 0
Enter this amount on Form IN-111, Line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.
_______________________
5454
Schedule IN-119
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