Schedule B1 Individual - Credits For Purchase Of Products Manufactured In Puerto Rico And Puerto Rican Agricultural Products - 2008 Page 2

Schedule B1 Individual - Page 2

Rev. 12.07

Part III

Credit for Purchase of Products Manufactured in Puerto Rico for Local Sale and Consumption (Section 1040E)

Eligible purchases of products manufactured in Puerto Rico for local sale and consumption:

Manufacturing Business

Employer Identification

Manufacturing Business

Purchases Value

Number

Identification Number

1. Total aggregate purchases value ............................................................................................................................................

(09)

2. Aggregate purchases value of products manufactured in Puerto Rico during the 3 taxable years preceding the current taxable year:

Year:

Aggregate purchases value:

3. Average of aggregate purchases value during the basis period ............................................................................................................

(10)

4. Purchases increase (Subtract line 3 from line 1) ................................................................................................................................

(11)

5. Amount of credit (Multiply line 4 by 10%) ........................................................................................................................................

(12)

6. Credit carried from previous years (Submit Schedule) .......................................................................................................................

7. Total available credit under Section 1040E (Add lines 5 and 6. Complete Part V) ...................................................................................

(13)

Part IV

Credit for Increase in Purchases of Puerto Rican Agricultural Products (Section 1040F)

Agricultural Production Group, Agricultural

Contract Number

Purchases Increase

Percentage

Amount of Credit

Sector or Qualified Farmer

Department of Agriculture

Granted

(14)

(19)

(15)

(20)

(16)

(21)

(17)

(22)

(18)

(23)

Total credit for purchases of Puerto Rican agricultural products .............................................................................................

(24)

Credit carried from previous years (Submit Schedule) .....................................................................................................................

Total available credit under Section 1040F (Add lines 1 and 2. Complete Part V) .................................................................................

(25)

Part V

Limitation of Credits for Purchases of Products Manufactured in PR and Puerto Rican Agricultural Products

Tax determined (Form 482.0, Part 4, line 26)……………………………..............................................................................................

(26)

Recapture of credit claimed in excess (Form 482.0, Part 4, line 27)…….............................................................................................

(27)

Tax liability (Add lines 1 and 2)….........…………..…………………............……….............…............................................................

(28)

Limitation of 1040C credit (Multiply line 3 by 10%)……………………….....…….................................................................................

(29)

Available credit under Section 1040C (From Part I, line 5)……………………………..............……...…................................................

(30)

Credit to be claimed under Section 1040C (The smaller of line 4 or 5)……………............….…............................................................

(31)

Limitation of 1040D, 1040E and 1040F credits (Multiply line 3 by 25%)………..…............…….........................................................…

(32)

Available credit under Sections 1040D, 1040E and 1040F (Add line 4 from Part II, line 7 from Part III,

and line 3 from Part IV)………………………………………………………………..............................…...........................................…

(33)

Credit to be claimed under Sections 1040D, 1040E and 1040F (The smaller of line 7 or 8)….......................................................….......

(34)

10.

Total credits to be claimed (Add lines 6 and 9. Transfer to Schedule B Individual, Part II, line 14)............................................................

(35)

Retention Period: Ten (10) years