2012
Massachusetts
Schedule BC
Department of
Brownfields Credit
Revenue
Name
Federal Identification or Social Security number
General Information
11 Type of business for which property is being used (check only one):
Sole proprietorship
Partnership
S corporation
Corporation
Trust
Corporation included in a combined return (enter name and Federal Identification number of principal reporting company):
Other (specify)
12 Type of return this schedule is filed with
13 Location of project
14 Date of filing of Response Action Outcome Statement or Remedy Operation Status Submittal with DEP (enclose copy)
Allowable Tax Credit Percentage
15 Enter .25 if cleanup results in Activity and Use Limitation (AUL), or .5 if cleanup results in unlimited use . . . . . . . . . 5
Computation of Current Year Brownfields Credit
Assessed value
Cost of
16 Briefly, but accurately, describe purchases of qualifying property for the
Date
prior to
cleanup
Brownfields Credit. Complete details must be available upon request.
acquired
remediation
(after July 31, 1998)
17 Total costs. The cleanup costs must exceed 15% of the assessed value of the cleanup area to claim the credit . . . 17
18 Current year Brownfields Credit. Multiply line 7 (cost of cleanup) by .25 or .5, whichever applies . . . . . . . . . . . . . . 18
19 Brownfields credits carried over from previous years. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
10 Credit available for use in current year. Combine lines 8 and 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
Credits Allowable in Current Year
11 Total tax for determining allowable credit. Form 1, line 28; Form 1-NR/PY, line 32; or Form 2, line 41. Chapter 63
taxpayers, see instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
12 Total of other credits. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13 Subtract line 12 from line 11. Enter result. Not less than “0” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 Enter 50% of line 13 here. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Brownfields Credit available this year. Enter amount from line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Brownfields Credit allowable for use in current year. If line 14 is greater than or equal to line 15, enter amount
from line 15. If line 14 is less than line 15, enter amount from line 14. See instructions . . . . . . . . . . . . . . . . . . . . . . 16
Carryover to Future Years
17 Maximum amount of credits for conversion to five-year carryover status:
c. Unused credit available
Subtract col. b from col. a
a. Unused credits from prior years
b. Portion used
Amount
For
Year
and current year credit
this year
2008
(2011 Sch. BC, line 17) _____________________
________________
________________
2013
2009
(2011 Sch. BC, line 17) _____________________
________________
________________
2013–2014
2010
(2011 Sch. BC, line 17) _____________________
________________
________________
2013–2015
2011
(2011 Sch. BC, line 17) _____________________
________________
________________
2013–2016
2012
(2012 Sch. BC, line 8)
_____________________
________________
________________
2013–2017
18
Totals
_____________________
________________
________________