Form Etp - Employer Transit Pass Credit - 2012
Download a blank fillable Form Etp - Employer Transit Pass Credit - 2012 in PDF format just by clicking the "DOWNLOAD PDF" button.
Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.
Complete Form Etp - Employer Transit Pass Credit - 2012 with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.
Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.
ADVERTISEMENT
12012 ETP
Employer Transit Pass Credit 2012
For C corporations, S corporations, partnerships, sole proprietors, fiduciaries and tax-exempt nonprofit organizations.
Name of employer
FEIN
Minnesota tax ID
You must round amounts
to nearest whole dollar.
1 Original cost to employer of passes sold or given to employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Total amount you charged employees for passes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Multiply line 3 by 30% ( .30) . This is the amount of your credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
If you’re a:
Include credit on:
C corporation . . . . . . . . . . . . . . . . . Form M4T, line 21
S corporation . . . . . . . . . . . . . . . . . Form M8, line 6*
Partnership . . . . . . . . . . . . . . . . . . . Form M3, line 5*
Sole proprietor . . . . . . . . . . . . . . . . Schedule M1C, line 4
Fiduciary . . . . . . . . . . . . . . . . . . . . . Form M2, line 15f (the credit cannot exceed Form M2, line 14)
Tax-exempt organization . . . . . . . . Form M4NPI, line 3a
*Remaining credit may be passed through to partners and shareholders .
Instructions
If you purchase transit passes to resell or
2. The transportation must be provided by
3. The passes must be used in Minnesota.
give to your employees, you may be eligible
either a:
The credit is equal to 30 percent of the dif-
for this credit.
• public or privately-owned mass tran-
ference between the price you pay for the
sit facility; or
To qualify:
passes and the price you charge employees.
It is not refundable and can only be applied
• a person in the business of transport-
1. The transit pass must be a pass, to-
to your current tax liability.
ing people for compensation or hire.
ken, farecard, voucher or similar item
The vehicle must have seating capac-
entitling a person to transportation at
Enclose this schedule when you file your
ity for at least six adults, not including
regular or reduced prices.
Minnesota return.
the driver.
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial