Form 20c Or Et-1 - Schedule Bc - Business Credits - 2014

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SCHEDULE

140007BC

Alabama

2014

Department of Revenue

(FORM 20C OR ET-1)

ADOR

Business Credits

ATTACH TO FORM 20C OR ET-1

NAME(S) AS SHOWN ON FORM 20C OR ET-1

FEDERAL EMPLOYER IDENTIFICATION NUMBER

PART A – Capital Credit

You must attach Form AR and Form K-RCC to your Alabama return.

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1 Enter your Project Number(s) assigned by the Alabama Department of Revenue . . . . . . . . . . . . . . . .

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2 Name(s) of the project entity entitled to the Capital Credit:

3 Enter tax due from Form 20C, page 1, line 15 or Form ET-1, page 1, line 32 . . . . . . . . . . . . . . . . . . . .

4 Enter Capital Credit available from Schedule K-RCC, line 7 here and on Form 20C, page 4 Schedule F, line 1 or

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Form ET-1, page 2, Schedule G, line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART B – Alabama New Markets Development Credit

You must attach your approved certification notice issued by the Alabama Development Office.

1 CREDIT ALLOWABLE. For ET-1, enter the amount from Worksheet ET-TC here and on Form ET-1, page 2, Schedule G, line 2.

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For 20C, enter the amount from the Notice of Certification here and on Form 20C, page 4, Schedule F, line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART C – Alabama Accountability Tax Credit

1 Name of Scholarship Granting Organization:

2 Address of Scholarship Granting Organization:

3 Amount contributed for scholarship(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Enter the tax from Form 20C, page 1, line 15, or Form ET-1, page 1, line 32 . . . . . . . . . . . . . . . . . . . .

5 Multiply line 4 by 50% (.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 CREDIT ALLOWABLE. Enter the lesser of line 3 or line 5 here and on Form 20C, page 4, Schedule F, line 3, or

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Form ET-1, page 2, Schedule G, Line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Credit carryforward. If line 3 is larger than line 5 then subtract line 5 from line 3 . . . . . . . . . . . . . . . . . .

OTHER CREDITS

PART D – Alabama Enterprise Zone Act Credit

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1 CREDIT ALLOWABLE. Enter the amount from Schedule EZK1, Part II, page 2, line 13, or Schedule EZ, Part IV, page 2, line 13. . . . . . . . . . . . . . . .

PART E – Basic Skills Education Credit

You must attach your approved certification notice issued by the Alabama Department of Education.

1 Enter your assigned Department of Education Certification Number . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Name of employer/firm sponsoring the education program

3 Name of approved provider

Address of approved provider

4 Were all participants for whom you are claiming a tax credit continuously employed by you for at least 16 weeks?. . . . . . . . . . . . . .

Yes

5 If the answer to line 4 is yes, did employee(s) work at least 24 hours each week? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

6 If the answer to lines 4 and 5 above is yes, enter the total expenses available

for credit (see instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Total maximum credit available. Multiply line 6 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 Tax due Alabama from Form 20C, page 1, line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

PART F – Income Tax Credit

1 CREDIT ALLOWABLE. Enter the lesser of the tax due on Form 20C, page 1, line 15, the amount paid pursuant to the financing agreement,

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corresponding to debt service on the project obligations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART G – Tax Increment Fund Payment Credit

1 CREDIT ALLOWABLE. Enter the lesser of the tax due on Form 20C, page 1, line 15 or the amount (exclusive of job

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development fees) paid into the tax increment funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART H – Coal Credit

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1 CREDIT ALLOWABLE. Enter the amount of coal credit available . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .