Form EPT — Electing PTE Credit Schedule

250004EP

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

# ATTACH TO FORM EPT

# SECTION B CURRENT YEAR CREDITS

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:

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1a.
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1b.
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1c.

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  1. 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. • Received Department of Commerce Certificate
1b. • Received Transfer Credit Certificate
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1. 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 Summary, 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 Credit 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 available 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 Allowable (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
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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.

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Enter amount from Section C, Part A, Column 7 …

1. Railroad Modernization Act of 2019 Refundable Credit. If Section B, Part B, Line 1a is checked,