Form F-1193t - Notice Of Intent To Transfer A Florida Energy Tax Credit (Page 2 of 2) in pdf

F-1193T

R. 07/12

Page 2

Instructions for the Notice of Intent to

Transfer a Florida Energy Tax Credit

Sections 220.191(2)(c), 220.192(6), or 220.193(3)(f), Florida Statutes

Taxpayers may submit a Notice of Intent to Transfer A Florida

You may only take the credit against the Florida corporate income

Energy Tax Credit by completing and mailing Florida Form F-1193T

tax and you must take it in the order described in s. 220.02(8), F.S.

to:

A transfer by an ineligible person does not create a right to a

corporate income tax credit.

Florida Department of Revenue

Revenue Accounting

A taxpayer must retain documentary evidence that substantiates

PO Box 6609

and supports this credit and the Department may request the

Tallahassee FL 32314-6609

evidence at a later date to verify the credit. A schedule tracking

the credit amounts allocated and the use of such credits must be

The Department of Revenue will send written certification

maintained as part of the evidence to support the tax credit.

regarding the amount of the tax credit transferred within fifteen

days after receipt of a completed notice. You must have a letter

Line by Line Instructions for Completing the Application

from the Department certifying the credit transferred for the

Check the box to indicate the credit you wish to transfer.

transfer to be valid. A copy of the Department’s certification

stating the amount of the credit transferred must be attached to

Transferor Information

the tax return on which the transferred tax credit is claimed by the

Please provide the transferor's name, FEIN, address, and a contact

transferee.

name, telephone number, and e-mail address.

To transfer a Florida energy tax credit:

Provide the beginning and ending dates of the tax year for which

the allocated or transferred credit was originally approved.

•

You must submit this notice (Florida Form F-1193T);

Enter the original amount of credit allocated or the transferred

•

For the Florida Renewable Energy Technologies Investment

amount in the case of a previous transfer to the transferor.

Tax Credit (section [s.] 220.192, Florida Statutes [F.S.]), the

transferor must have documentation indicating the amount of

Provide the amount of credit that the transferor previously claimed

credit approved by the Florida Department of Environmental

or transferred.

Protection, or the Florida Energy and Climate Commission,

Provide the tax year(s) in which the transferor claimed or

or the Department of Agriculture and Consumer Services, or

transferred the credit amount above.

documentation from the Department of Revenue indicating a

transferred amount in the case of a prior transfer. Transfers

Provide the amount of unused credit.

of this credit (s. 220.192, F.S.), can only be approved for tax

Provide the amount of the credit you want transferred.

years beginning on or after January 1, 2014. The Florida

Renewable Energy Technologies Investment Tax Credit,

The number and/or amount of transfers is limited for the credits

including credit carry forwards and transfers, expires and

authorized by ss. 220.191(2)(c), F.S. and 220.193, F.S. See

cannot be used in tax years that end after December 31, 2018.

previous section, “To transfer a Florida energy tax credit,” for

•

You must not have claimed the credit amount you want to

details.

transfer on any tax return filed with the Department of Revenue;

Consolidated Return Filing Information

•

The Florida Renewable Energy Production Tax Credit

Complete this section if the transferor is included in a consolidated

(s. 220.193, F.S.) can be transferred in a merger or

Florida corporate income/franchise tax return (Florida Form

acquisition. In addition, unused credits may be transferred

F-1120) for the tax year. Provide the name of the parent of the

one time (outside a merger or acquisition) in whole or in

consolidated group and its FEIN.

increments of not less than 25 percent of the unused credit.

Transferee or Assignee Information

The transferor must have documentation indicating the

Please provide the corporation name, FEIN, address, and taxpayer

amount of the credit approved by the Department of Revenue

contact name, telephone number, and e-mail address.

or the Department of Agriculture and Consumer Services.

This credit (s. 220.193, F.S.) can be carried forward 5 years

Transferee’s Tax Year

because of insufficient tax liability.

Provide the beginning and ending dates of the transferee’s tax year

•

For the Florida corporate income tax Capital Investment

in which they will claim the credit against the Florida corporate

Tax Credit associated with a new solar panel manufacturing

income tax.

project per s. 220.191(2)(c), F.S., the amount of the tax credit

Consolidated Return Filing Information

that may be transferred in any year shall be the lesser of the

Complete this section if the transferee is included in a

qualifying business’s Florida corporate income tax liability for

consolidated Florida corporate income/franchise tax return

the year or the credit amount granted for the year. A business

(Florida Form F-1120) for the tax year. Provide the name of the

receiving the transferred credit (transferee) may use the credit

parent of the consolidated group and its FEIN. This information will

only in the year received, and the credit may not be used in

allow the Department to associate the credit allocation with the

any other tax year.

related Florida corporate income tax return.

Form F-1193t - Notice Of Intent To Transfer A Florida Energy Tax Credit Page 2

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