Form 20c Or Et-1 - Schedule Bc - Business Credits - 2014 Page 2

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140008BC

ALABAMA SCHEDULE BC – 2014

PAGE

PART I – Capital Docks 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 of the project entity entitled to the Capital Docks Credit:

3 Enter tax due from Form 20C, page 1, line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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4 Enter Capital Docks Credit available from Schedule K-RCC, line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART J – Full Employment Act of 2011 Credit

1 Number of full time employees on 12-31-2013 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Number of full time employees on 12-31-2012 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Number of qualifying new employees from line 3 that completed their first 12 months service in 2014

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5 CREDIT ALLOWABLE. Multiply line 4 by $1,000.00. Enter the amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART K – Heroes For Hire Tax Credit Act

Employee Credit

1 Number of recently deployed unemployed veterans included in line 4, Part J . . . . . . . . . . . . . . . . . . . .

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2 CREDIT ALLOWABLE. Multiply line 1 by $1,000.00. Enter the amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART L – Heroes For Hire Tax Credit Act

Business Start-up Expenses Credit

1 Name

2 Enter your business ID number. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Enter total amount of business start-up expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Maximum credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$2,000

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5 CREDIT ALLOWABLE. Enter the lesser of line 3 or line 4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART M – Irrigation/Reservoir System Credit

1 Purchase cost and installation costs of irrigation system . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Conversion costs to convert from fuel to electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 Multiply line 3 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Cost of construction reservoir . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Multiply line 5 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Enter the amount from line 4 or line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 Maximum credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$10,000

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

PART N – Rehabilitation, Preservation and Development of Historic Structures Credit.

1 CREDIT AVAILABLE. (20C) Enter amount from the Alabama Historical Commission Tax

Credit Certificate. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 CREDIT AVAILABLE. (ET-1) Enter amount from the Worksheet ET-TC, page 1, line 5b.. . . . . . . . . . .

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3 CREDIT ALLOWABLE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART O – Neighborhood Infrastructure Incentive Plan Credit

1 Enter amount of voluntary assessment paid . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 Multiply line 1 by 10% (.10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$1,000

3 Maximum allowable credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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4 CREDIT ALLOWABLE. Enter the lesser of line 2 or line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART P – Summary

1 *TOTAL CREDITS ALLOWABLE. Add Part D, Part E, line 9, Part F, Part G, Part H, Part I, line 4, Part J, line 5, Part K, line 2,

Part L, line 5, and Part M, line 9, Part N, and Part O, line 3. Enter the total here and on Form 20C, page 4, Schedule F, line 4 or Form ET-1,

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page 2, Schedule G, line 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

ADOR