Form 3501 - Employer Child Care Program/ Contribution Credit - 2002

Employer Child Care Program/

YEAR

CALIFORNIA FORM

2002

3501

Contribution Credit

Attach to your California tax return.

Social security, California corporation no., or FEIN

Name(s) as shown on return

Secretary of State (SOS) File Number

Employer Child Care Program Credit. Read the instructions before completing this part.

Part I

Section A

1 Number of children the child care facility(ies) will legally accommodate (no minimum number required) . . . . . . . . . . . . . .

1

Section B — Credit Computation

2 Enter the amount of costs paid or incurred for startup expenses of establishing a child care program or

constructing a child care facility in California to be used primarily by the children of either your employees

or your tenant’s employees, or both. See General Information, Part I, C, Definition of Startup Expenses . . . . . . . . . . . . . . .

2

3 Enter the amount of costs paid or incurred this year for contributions to California child care information and

referral services. See General Information, Part I, B, Qualifications . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

4 Add line 2 and line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

5 Multiply line 4 by 30% (.30) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

6 Pass-through credit(s) from Schedule(s) K-1 (100S, 541, 565, or 568) . . . . . . . . . . . . . . .

6

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

7 Add line 5 and line 6. Do not enter more than $50,000 (any amount in excess of

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

$50,000 may not be claimed or carried over). S corporations: Go to line 8.

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

All others: Skip line 8 and go to line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

8 S corporations: Enter 1/3 of the amount on line 7. Do not enter more than $16,667 . . . . .

8

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

9 Credit carryover from prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

10 Tentative Credit. S corporations: Add line 8 and line 9.

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

All others: Add line 7 and line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

10

1 2 3 4 5 6 7 8 9 0 1 2 3 4 5 6 7 8 9 0 1 2

11 Total available credit. Enter the smaller of the amount on line 10 or $50,000 (any excess can be carried over) . . . . . . . . .

11

12 Enter amount of credit claimed (may be limited) on the current year tax return.

See General Information, Part I, D, Limitations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

12

13 Subtract line 12 from line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

13

14 Excess available credit. Subtract line 11 from line 10. If less than zero, enter -0- . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

14

15 Credit carryover available for future years. Add line 13 and line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

15

Section C — Credit Recapture (for the Employer Child Care Program Credit). See General Information, Part I, E, Recapture

(a)

(b)

(c)

Total credit claimed for all years

Proration percentage: (60 months less number

Credit recapture amount,

÷

of months facility operated)

60 months

column (a) x column (b)

16

Include the amount on line 16, column (c), in the total on: Form 540, line 36; Long Form 540NR, line 45; Form 541, line 32; Form 100, Schedule J, line 5;

Form 100S, Schedule J, line 5; Form 100W, Schedule J, line 5; Form 109, Schedule K, line 4; Form 565, Schedule K, line 22; or Form 568, Schedule K, line 22.

In the space to the left of the line, write “FTB 3501” and the amount of credit recaptured.

Part II Employer Child Care Contribution Credit. Read the instructions before completing this part.

(a)

(b)

(c)

(d)

(e)

Name of employee’s

Contribution amount

30% of column (b), but

Number of weeks of

Credit amount,

÷

dependent

not more than $360

care

42, but not

column (c) x column (d)

more than 100%

1 _____________________

$ _____________________

$ _____________________

____________________ % $ _____________________

_____________________

______________________

______________________

____________________

______________________

2 Pass-through credit(s) from Schedule(s) K-1 (100S, 541, 565, or 568) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2

3 Total current year credits. Add amounts in line 1, column (e), and line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

4 S corporations only: Enter 1/3 of the amount on line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4

5 Credit carryover from prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

6 Total available credit. S corporations: Add line 4 and line 5

All others: Add line 3 and line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

7 Amount of credit claimed on the current year tax return. See General Information, Part II, D, Limitations . . . . . . . . . . . .

7

8 Credit carryover available for future years. Subtract line 7 from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8

350102104

FTB 3501 2002