Form F-1196 Draft - Allocation For Research And Development Tax Credit For Florida Corporate Income/franchise Tax Page 5

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the business enterprise, or a predecessor corporation that was a business enterprise, did not
exist.
Taxable years preceding the taxable year of the
Qualified research expenses in Florida
credit
(Enter whole dollar amount only.)
//
(1)
1st taxable year end
or
$
//20
//
(2)
2nd taxable year end
or
$
//20
//
(3)
3rd taxable year end
or
$
//20
//
(4)
4th taxable year end
or
$
//20
(5)
Sum of the qualified research expenses in
Florida for the 4 taxable years preceding the
$
taxable year of the credit.
Total of Lines (1) – (4).
(6)
Base amount.
$
Line (5) divided by 4.
(7)
Enter qualified research expenses in Florida
$
during calendar year
.
(8)
Line (7) minus Line (6).
If Line (6) is greater than Line (7), the amount
$
will be zero.
(9)
10% of Line (8).
$
(10) Credit allocation requested. Enter the amount
from Line (9). If the business enterprise did
not exist for the 4 preceding tax years,
$
reduce the amount from Line (9) by 25% for
each taxable year for which the business
enterprise did not exist.
By typing your name in the space below and submitting this form, you are declaring, under
penalties of perjury, that you have read this application and that the facts stated in it are true.
Name:
Title:
Submit Application
Clear Application

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