Form EPT — Electing PTE Credit Schedule

# preamble

*250004EP* NAME(S) AS SHOWN ON FORM EPT FEDERAL EMPLOYER IDENTIFICATION NUMBER

SCHEDULE EPT-C (FORM EPT) Electing Pass-Through Credits

# ATTACH TO FORM EPT

SECTION A Current Tax Period Liability. Enter tax due from Form EPT, page 1, line 2 here and on Section C, Part A, Column 4 .........................................

# SECTION B CURRENT YEAR CREDITS

*Business Credits must be submitted through My Alabama Taxes (MAT) before completion of the Schedule EPT-C. See instructions for submission details. Part A - 2017 Alabama Historic Rehabilitation Tax Credit* 1. Enter the information from the tax credit certificate for each project. Project Number: Date Placed In Service: Amount of Credit: 1a. 1b. 1c. 2. CREDIT ALLOWABLE. Total 2017 Alabama Historic Rehabilitation Tax Credits. Enter the sum of all project credits. Enter here and on Section C, Part A, Column 3 . .......................................................................... Part B - Railroad Modernization Act of 2019* 1a. • /c6050 Received Department of Commerce Certificate 1b. • /c6050 Received Transfer Credit Certificate 2. CREDIT ALLOWABLE. Enter the amount of credit as reported on the Department of Commerce Certificate or Transfer Credit Certificate issued by the Department of Revenue. Enter here and on Section C, Part B, Column 3. ....................................................................................... SECTION C Current Credit Summary Enter the Current Tax Period Liability due on Part A, Column 4 of the Current Credit Summary. To calculate the Current Credit S ummary, repeat the steps that follow for each row: In Column 2, enter the Credit Available from Section B for the applicable credits. In Column 3, enter the Credit Allowable from Section B. Subtract the Credi t Allowable from the Remaining Tax to be Offset. If the Credit Allowable is greater than the Remaining Tax to be Offset, enter the amount from Column 4 in Column 5 and the excess amount of the Credit Allowable in Column 7. If the Remaining Tax to be Offset is greater than Column 3, enter the Credit Allowable (Column 3) in Column 5 and enter the difference of Column 4 and Column 5 in Column 6 and proceed to the next availabl e credit. For the remaining rows, use the preceding Tax Remaining after Credit from Column 6 as the Remaining Tax to be Offset in Column 4.

To compute the Credit Carryforward (Column 8) in the Current Credit Summary, for each credit listed, subtract any Credit Allowa ble (Column 3) from the Credit Available (Column 2) and add the difference to the Excess Credit Allowable from Column 7. Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7 Column 8 Remaining Tax Tax Remaining after Credit Excess Credit Allowable Type of Credit Credit Available Credit Allowable to be Offset Amount Utilized (Col. 4 - Col. 5) (Col. 3 - Col. 5) Credit Carryforward Part A 2017 Alabama Historic Rehabilitation Tax Credit Part B Railroad Modernization Act of 2019

Total Current Credits. Total Column 5. Enter the results here and on Form EPT, page 1, line 3 ............... •

# SECTION D TOTAL REFUNDABLE CREDITS

1. 2017 Alabama Historic Rehabilitation Tax Refundable Credit. Enter amount from Section C, Part A, Column 7 .............................................................................. 2. Railroad Modernization Act of 2019 Refundable Credit. If Section B, Part B, Line 1a is checked, enter amount from Section C, Part B, Column 7 .............................................................................. 3. Total Refundable Credits. Add lines 1 and 2. Enter the results here and on Form EPT, page 1, line 5e . ............................................................. • • • • • • • •

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