Form 112cr - Colorado Corporation Credit Schedule - 2012
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Form 112CR (07/12/12)
Form 112CR
Colorado Corporation Credit Schedule
2012
Attach this form to your completed income tax return Form 112 if filing on paper.
Taxpayer’s name
Colorado Account Number
NEW - In order to claim an Enterprise Zone credit, you must electronically file your return and the EZ Carryforward Schedule
(DR 1366). For an electronic filing hardship exception, call 303-238-7378.
If credit is passed through from an S corporation or a partnership, give name, ownership percentage and Colorado account number of
the organization, and submit a copy of the corporation or partnership certification.
Column (b)
Column (a)
1. Tax liability from line 17, Form 112
1
A. The New Investment Tax Credit
2. $1,000 minus amount on line 57.
2
3. Current year qualified investment
3
4.
1% of the amount on line 3
4
5. New investment tax credit carried over from prior year
5
Enter in Column (a) the total of lines 4 and 5. Enter in Column (b) the lesser of the amount
6.
in Column (a) or the amount on line
2.
6
B. Enterprise Zone Investment Tax Credit
7. Smaller of amount on line 1 above, or $5,000
7
8. 50% of the amount on line 1 above in excess of $5,000
8
9. Total of lines 7 and 8
9
10. Old investment tax credit, if any, from line 57b
10
11. Line 9 minus line 10
11
12. Qualifying current year investment
12
13.
3% of amount on line 12
13
14. Enterprise zone investment tax credit carried over from prior year
14
Enter in Column (a) the total of lines 13 and 14. Enter in Column (b) the lesser of the amount in
15.
Column (a), the amount on line 11, or $500,000.
15
16. Commercial vehicle investment credit. Enter in Column (a) the total 2012 credit. Enter in Column (b)
the lesser of the amount in Column (a), the amount on line 11 minus the amount on line 15b, or
$500,000 minus line 15b
16
C. Enterprise Zone New Business Facility Employee Credits
Monthly average of qualified new business facility employees
17.
17
18. Number of employees for which credit has previously been claimed
18
19. Increase in qualified employees, line 17 minus line 18
19
Number of employees on line 19 multiplied by $500
20.
20
21. Number of employees on line 19 in an enhanced rural enterprise zone multiplied by $2,000
21
22. Number of agricultural processing employees on line 19 multiplied by $500
22
23. Number of agricultural processing employees on line 19 in an enhanced rural enterprise zone
multiplied by $500
23
24
24. Employee credit carried over from prior year
25. Number of health insurance qualified employees ______ multiplied by $200
25
26. Enter in Column (a) the total of lines 20 through 25. Enter in Column (b) the amount from
Column (a) which is being used to offset 2012 tax.
26
D.
Contribution to Enterprise Zone Administrator Credit
27
27. Current year cash contributions
28
28. Value of current year in-kind contributions
29
29. Total of lines 27 and 28
30
30. The smaller of $100,000 or 25% of line 29
31
31. Limitation on in–kind credit, 50% of line 30
32
32. Allowable in–kind credit, the smaller of lines 28 or 31
33
33. Limitation on cash credit, line 30 minus line 32
34
34. Allowable cash credit, the smaller of lines 27 or 33
35
35. Enter either the total of lines 32 and 34 or $100,000, whichever is less
36
36. Contribution credit carried over from prior year
37. Enter in Column (a) the total of lines 35 and 36. Enter in Column (b) the amount from Column (a)
which is being used to offset 2012 tax
37
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