Get CA FTB 3523 2020
TAXABLE YEAR CALIFORNIA FORM Research Credit Attach to your California tax return. SSN or ITIN CA Corporation no. FEIN Name s as shown on your California tax return California Secretary of State file number Part I Credit Computation* Read the instructions before completing this form* Section A Regular Credit. Skip this section and go to Section B Alternative Incremental Credit if you are electing the alternative incremental credit. Line 1 through line 4 are to be completed only by corporations other than S corporations personal holding companies and service organizations. Individuals S corporations estates trusts partnerships and limited liability companies LLCs begin on line 5. 1 Basic research payments paid or incurred during the taxable year. See instructions. 1 2 Base period amount. See instructions. 2 3 Subtract line 2 from line 1. If less than zero enter -0-. 3 4 Multiply line 3 by 24. 24. 4 Qualified research expenses paid or incurred* 5 Wages for qualified services. See instructions. 5 6 Cost of supplies. See instructions. 6 7 Rental or lease costs of computers. See instructions. 7 8 Enter the applicable percentage of contract research expenses. See instructions. 8 9 Total qualified research expenses. Add line 5 through line 8. 9 10 Enter fixed-base percentage but not more than 16. 16. See instructions. 10 11 Enter average annual gross receipts. See instructions. 11 12 Base amount. Multiply line 11 by the percentage on line 10. 12 15 Enter the smaller of line 13 or line 14. 15 16 Multiply line 15 by 15. 15. 16 17 a Regular credit. Add line 4 and line 16. If you do not elect the reduced credit under IRC Section 280C c enter the result here and see instructions for the schedule to attach. 17a b Reduced regular credit under IRC Section 280C c. Multiply line 17a by the applicable percentage below 87. 7. 877 for individuals estates and trusts 91. 16. 9116 for corporations 98. 5. 985 for S corporations Enter the reduced credit amount. 1 7b For Privacy Notice get FTB 1131 ENG/SP. 7311183 FTB 3523 2018 Side 1 Section B Alternative Incremental Credit. Skip this section if you completed Section A Regular Credit. 20 Subtract line 19 from line 18. If less than zero enter -0-. 20 28 Multiply line 27 by 1. 01. 28 39 a Alternative incremental credit. Add line 21 line 36 line 37 and line 38. If you do not elect the reduced credit under IRC Section 280C c enter the result here and see instructions for the schedule that must be attached. 39a b Reduced alternative incremental credit under IRC Section 280C c. Multiply line 39a by the applicable percentage below Section C Available Research Credit 40 Pass-through research credit s from S corporations estates trusts partnerships and LLCs. See instructions. 40 41 Current year research credit. If you did not elect the reduced credit under IRC Section 280C c add line 17a or line 39a to line 40 and enter the result here. If you elected the reduced credit under IRC Section 280C c add line 17b or line 39b to line 40 and enter the result here.
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