Montana Form Rsch - Increase Research And Development Activities Credit - 2009

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MONTANA

RSCH

Clear Form

Rev. 10-09

2009 Increase Research and Development Activities Credit

15-31-150, MCA

For tax year beginning _________________ and ending ____________

Name (as it appears on your tax return) ________________________________________________________________

Your Social Security Number or Federal Employer Identiﬁ cation Number ______________________________________

If this credit was passed through to you from a partnership or S corporation, please enter the name and FEIN of the

partnership or S corporation and your percentage of ownership in the partnership or S corporation.

Name ________________________________________ FEIN ___________________ Percent of Ownership ________ %

Part I – Credit Calculation for Basic Research Payments

See IRC § 41(e)

1. Enter the basic research costs that you paid or the expenses that you incurred to qualiﬁ ed

organizations for basic research conducted in Montana (see instructions). ........................................ 1. ____________

2. Enter your qualiﬁ ed organization base period amount. ........................................................................ 2. ____________

3. Subtract line 2 from line 1 and enter the result. If less than zero, enter zero. ...................................... 3. ____________

Part II – Credit Calculation for Qualiﬁ ed Research Expenses

See IRC § 41(b)

4. Enter the wages that you paid for qualiﬁ ed services conducted in Montana (do not include wages

used to compute the work opportunity credit). ..................................................................................... 4. ____________

5. Enter the cost of your supplies used for research activities in Montana. ............................................. 5. ____________

6. Enter the cost of your rental or lease of computers used for research activities in Montana (see

instructions). ......................................................................................................................................... 6. ____________

7. Enter the applicable percentage of your contract research expenses incurred in Montana (see

instructions). ......................................................................................................................................... 7. ____________

8. Total qualiﬁ ed research expenses. Add lines 4 through 7 and enter the result. ................................... 8. ____________

9. Enter the ﬁ xed-base percentage, but not more than 16% (see instructions). ...................................... 9. ____________

10. Enter average Montana annual gross receipts. ................................................................................. 10. ____________

11. To determine your base amount, multiply line 10 by the percentage on line 9 and enter the result. . 11. ____________

12. Subtract line 11 from line 8 and enter the result. ............................................................................... 12. ____________

13. Multiply the amount on line 8 by 50% (.50) and enter the result. ....................................................... 13. ____________

14. Enter the smaller of line 12 or 13. ...................................................................................................... 14. ____________

Part III – Total Research and Development Tax Credit

15. Enter the total of lines 3 and 14. ........................................................................................................ 15. ____________

16. Multiply line 15 by 5% (0.05) and enter the result. ............................................................................. 16. ____________

17. Enter the research and development tax credit that you carried forward from a prior year and

attach the schedule. ........................................................................................................................... 17. ____________

18. Add lines 16 and 17 and enter the result here and on Form 2, Schedule V, for individuals;

Form PR-1, Schedule II, for partnerships; Form CLT-4S, Schedule II, for S corporations; or

Form CLT-4, Schedule C, for C corporations. This is your total available research and

development activities credit. ......................................................................................................... 18. ____________

When you ﬁ le your Montana income tax return electronically, you represent that you have retained all documents required

as a tax record and that you will provide a copy to the department upon request.

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