Form 500cr - Maryland Business Income Tax Credits - 2012 Page 7
Download a blank fillable Form 500cr - Maryland Business Income Tax Credits - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form 500cr - Maryland Business Income Tax Credits - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17FORM
MARYLAND BUSINESS INCOME TAX
Page 7
500CR
CREDITS
ATTACH TO YOUR 500, 502, 504, 505, 510, or
2012
MW508
24. Carryover of excess credits from Part X, line 7, of tax year 2011 Form 500CR . . . . . . . . . . . .
24
25. Tentative credit. (Add lines 23 and 24) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
25
26. Enter amount of any credit recapture. (See instructions for Part D and Part F) . . . . . . . . . . . .
26
27. Tentative credit after recapture. (Subtract line 26 from line 25)
If less than 0, enter negative amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
27
28. Enter tax from:
line 14 of Form 500;
line 22 less any amounts from lines 23-25 of Form 502;
line 32c less any amounts from lines 33, 34 and 35 of Form 505;
line 23 less any amount from line 32 of Form 504 for a resident fiduciary; or
line 25 less any amount from line 32 of Form 504 for a nonresident fiduciary.
If less than 0, enter 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
28
29. Allowable credit (Enter line 27 or line 28, whichever is less.) . . . . . . . . . . . . . . . . . . . . . . . .
29
Also enter this amount on line:
15c of Form 500, 26 of Form 502, 34 of Form 504 or 36 of Form 505.
NOTE: An addition to income is required for credits from Parts A, C, G, K and S.
From this part add lines 1, 3, 7, 11 and 19. Enter the result on line 7f of Form 500, line 5 of
Form 502, line 19 of Form 505 or line 3 of Form 504.
PART X - EXCESS CREDIT CARRYOVER CALCULATION
If line 27 is less than or equal to line 28 of Part W, do not complete this section.
1. Enter amount from line 28 of Part W . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2. Add lines 13, 15 and 18 of Part W. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3. Subtract line 2 from line 1. (If less than 0, enter 0.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4. Subtract line 2 from line 27 of Part W . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
5. Tentative excess credit carryover (Subtract line 3 from line 4.). . . . . . . . . . . . . . . . . . . . . . .
5
6. Enter any amount included in line 5 that will expire by the end of this tax year. . . . . . . . . . . .
6
7. Subtract line 6 from line 5. (If less than 0, enter 0). This is your credit carryover. . . . . . . . . .
7
PART Y - REFUNDABLE BUSINESS INCOME TAX CREDITS
1. Total refundable One Maryland Economic Development Tax
Credit from Part P, line 38; if more than one project, see instructions . . . . . . . . . . . . . . . . . .
1
2. Total Biotechnology Investment Incentive Tax Credit from Part L, line 6 . . . . . . . . . . . . . . . .
2
3. Total Clean Energy Incentive Tax Credit from Part N, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . 3
4. Total Job Creation and Recovery Tax Credit from Part T, line 1 (See instructions) . . . . . . . . . .
4
5. Total Film Production Employment Tax Credit from Part U, line 1 . . . . . . . . . . . . . . . . . . . . .
5
6. Total refundable business income tax credits (Add lines 1 through 5) . . . . . . . . . . . . . . . . . .
6
Also enter this amount on:
Line 15d of Form 500 or Part H, line 3 of Form 502CR. If line 6 is less than zero, enter the negative
amount on the appropriate form. Fiduciaries should add this amount to any other credits from
Forms 500CR, 502H, and 502S and enter on line 34 of Form 504.
COM/RAD 007
12-49
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial