Get Alabama Form Int 2

The Alabama Form Int 2 is essential for reporting investment in a qualifying capital project for income tax capital credit. This guide provides detailed, step-by-step instructions to assist users in accurately completing this form online.

Follow the steps to effectively fill out the Alabama Form Int 2 online.

1. Click the ‘Get Form’ button to obtain the form and open it in the online editor.
2. Enter the project number assigned by the Alabama Department of Revenue. This number is critical for all future correspondence regarding the project.
3. Provide the project name, which may be an internal identifier for the capital project.
4. Complete the project entity section by entering the name of the entity qualifying for the capital credit.
5. Fill in the FEIN (Federal Employer Identification Number), the mailing address, city, state, and ZIP code for the entity.
6. If the project location differs from the above address, input that information in the project location section.
7. Lock in the appropriate project filing status by checking the relevant box that describes the type of project.
8. Briefly describe the type of trade or business conducted at the project.
9. Offer a comprehensive description of the project. If necessary, attach additional sheets for more details.
10. Enter the date when the project was placed in service, which is vital for determining the capital credit eligibility.
11. State the actual project costs in specified categories (building, land, equipment, etc.).
12. Calculate the total actual project costs and the annual credit available by multiplying the total by 5%.
13. Record the number of new employees employed by this project.
14. Input the average hourly wage and average hourly compensation for new employees at the project.
15. Answer the questions regarding the closure of any previous facilities in Alabama and provide the necessary details.
16. Identify the contact person for capital credit and fill out their details.
17. List all participants in the project entity entitled to receive the capital credit, including their details and percentage allocation.
18. Review the form for accuracy before saving your changes, downloading, printing, or sharing the completed form.

Complete your Alabama Form Int 2 online today to ensure you can claim your income tax capital credit!