Form It-20np - Nonprofit Organization Unrelated Business Income Tax Booklet - 2011 Page 17
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17Sales to the United States Government: The United States
The modifications that were adopted retroactively for 2010 and
government is the purchaser when it makes direct payment to
2011 may both be reported on your 2011 income tax return.
the seller. A sale to the United States government of tangible
You do not need to file an amended return for 2010 to report
personal property is in Indiana if it is shipped from an office, a
the required modifications; however, filing an amended return is
store, a warehouse, or another place of storage in Indiana. See the
allowed.
previous rules for sales other than tangible personal property if
Because these addbacks apply to both 2010 and 2011, each
such sales are made to the United States government.
addback has two 3-digit codes listed for it. Codes that begin
Other Gross Receipts: On line 6, report other gross business
with a 1 should be used for addbacks to your AGI in 2011; codes
that begin with a 3 should be used for addbacks to your AGI in
receipts not included elsewhere and pro rata gross receipts from
2010.
all unitary partnerships, excluding from the factors the portion of
distributive share income derived from a previously apportioned
partnership [45 IAC 3.1-1-153(b)].
Restriction for Certain Tax Credits – Limited to One
per Project
Total Receipts for 2011: Complete all lines as indicated. Add all
Within a certain group of credits, a taxpayer may not be granted
the receipts in Column A (lines 1A through 6A), and enter the total
more than one credit for the same project. The taxpayer can
on line 7A. Also enter the total receipts everywhere on line 7B.
choose the credit to be applied but is not permitted to change the
credit selected or redirect the investment for a different credit
Apportionment of Income for Indiana
in subsequent years. Refer to Commissioner’s Directive #29 at
Divide line 7A by line 7B. (Multiply by 100 to arrive at a percentage
for more information. Nine credits are
rounded to the nearest second decimal place.) This is your average
included in this group:
Indiana apportionment percentage; carry it to the apportionment
•
Alternative fuel vehicle manufacturer credit;
entry line on the return (line 16d on IT-20, line 4 on IT-20S, line 9
•
Capital investment credit;
on IT-20NP, and line 4 on IT-65).
•
Community revitalization enhancement district credit;
•
Enterprise zone investment cost credit;
Part II - Business/Other Income Questionnaire
•
Hoosier business investment credit;
Complete all applicable questions in this section. If income is
•
Industrial recovery credit;
apportioned, list
•
Military base investment cost credit;
(a) All business locations where the corporation has
•
Military base recovery credit; and
operations;
•
Venture capital investment credit.
(b) The nature of the business activity at each location,
including,
Apply this restriction first when figuring your credits.
(c) Whether a location accepts orders in that state;
(d) Whether a location is registered to do business in that
Order of Application
state;
If you are claiming more than one credit, first use the credits
(e) Whether a location files income tax returns in other
that cannot be carried over and applied against your state AGI in
states;
another year. These credits include
(f) Whether property in the other states is leased; or
•
College Credit;
(g) Whether property in the other states is owned.
•
Indiana College Choice 529 Savings Plan Credit;
•
Prison Investment Credit;
Other Tax Liability Credits Available to Nonprofit
•
School Scholarship Credit;
Organizations
•
Teacher Summer Employment Credit; and
Each of the following credits is assigned a three-digit code
•
Twenty-First Century Scholars Credit.
number for identification. When claiming the credit on line 21,
enter the name of the credit, the three-digit code, and the amount
Next, use the credits that can be carried over for a limited number
claimed.
of years and applied against your state AGI. These credits include
•
Alternative Fuel Vehicle Manufacturer Credit;
If you have more credits to claim, enter the information on the
•
Airport Development Zone Employment Expense
other credit space on line 21. Increase line 21b by the amount of
Credit;
•
your additional credit(s). Also show detailed information about
Airport Development Zone Loan Interest Credit;
the other credits you are claiming on the Additional Explanation
•
Blended Biodiesel Credit;
or Adjustment lines on page 2 of the your return.
•
Capital Investment Credit;
•
Enterprise Zone Employment Expense Credit;
•
Enterprise Zone Loan Interest Credit;
Note: House Enrolled Act 1001-2011 amended IC 6-3-1-3.5 by
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Headquarters Relocation Credit;
providing modifications to federal AGI and amending IC 6-3-
•
Historic Building Rehabilitation Credit;
1-11 in regards to the definition of the IRC. The Act is effective
•
Hoosier Business Investment Credit;
retroactively to taxable years beginning after Dec. 31, 2009.
•
Indiana’s Research Expense Credit;
17
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