Form Ar-1030-Cec - Equipment Donation Or Sale Below Cost
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1AR-1030-CEC
STATE OF ARKANSAS
CAPITAL/COUNTY INDUSTRIAL DEVELOPMENT CORPORATION CREDIT
AND EQUIPMENT DONATION OR SALE BELOW COST
FOR TAX YEAR ENDING ________/_________/________
Month
Day
Year
_________________________________________________ ______________________________________
Taxpayer Name as Shown on Return
FEIN or SSN as Shown on Return
_________________________________________________ ______________________________________
Address
Type of Ownership:
o Individual
o Fiduciary
o Partnership
o Sub S
o Taxable Corporation
o LLC
===============================================================================
PART 1 Capital Development Corporation Credit
Date Common Stock Purchased:________________________
Cost $_____________________
1. Gross Credit Allowable (Cost X 33%)….…………………………………………..…………$_____________________
2. Credit taken in previous years………………………………………………………………....$_____________________
3. Balance (Line 1 minus Line 2)………………………………………………………..………$_____________________
…
4. Enter 50% of your total tax due………………………………….………………
..………..$_____________________
…
5. Allowable credit this year (Enter the smaller of Line 3 or Line 4) ………………...
………$_____________________
(Enter on Line 21 of Form AR-1020-BIC)
6. Credit used this tax year…………………………………………….…………………………$_____________________
(Enter on Line 22 of Form AR-1020-BIC)
PART 2 County Industrial Development Credit
Date Common Stock Purchased:________________________
Cost $_____________________
1. Gross Credit Allowable (Cost X 33%)….…………………………………………..…………$_____________________
2. Credit taken in previous years………………………………………………………………....$_____________________
3. Balance (Line 1 minus Line 2)………………………………………………………..………$_____________________
……
…
4. Enter 50% of your total tax due…………………….……
…………………
………..$_____________________
…………
5. Allowable credit this year (Enter the smaller of Line 3 or Line 4) …
……………$_____________________
(Enter on Line 23 of AR-1020BIC)
…
6. Credit used this tax year……………….………
………………………………..………….$_____________________
(Enter on Line 24 of Form AR-1020 BIC)
PART 3 Equipment Donation or Sale Below Cost
1.
Cost of Equipment/Machinery.……………………………………………………………….$_____________________
2. Sale Price to institution (if sale below cost)…………………………………………………..$_____________________
3. Amount of donation or reduction in cost (Line 1 minus Line 2)……………………………...$_____________________
4. Gross credit allowable (Multiply Line 3 by 33%)…………………………………………….$______________________
5. Credit taken in previous years…………………………………………………………………$______________________
6. Balance (Line 4 minus Line 5)………………………………………………………………...$______________________
7. Enter 50% of your total tax liability…………………………………………………………...$______________________
8. Allowable credit this year…………………………………..…………………………………$______________________
(Enter on Line 25 of Form AR-1020-BIC)
9. Credit used this year…….…………………………………..…………………………………$______________________
(Enter on Line 26 of Form AR-1020 BIC)
Important: Please insure necessary documentation has been attached for any credit claimed on this form.
Revised 1/99
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Parent category: Financial