Free F-1156Z - Florida

Florida Enterprise Zone Jobs Credit Certificate of Eligibility for Corporate Income Tax

F-1156Z R. 01/09
Rule 12C-1.051 Florida Administrative Code Effective 01/09

Attach this form to the Florida Corporate Income/Franchise and Emergency Excise Tax Return (Form F-1120).

For calendar year
Name (as shown on your tax return) Business location address City State

or other taxable year beginning M M / Y Y and ending M M / Y Y
Federal Employer Identification Number (FEIN) Enterprise zone number ZIP Area code and telephone number -- --

Mailing address of business City State ZIP Check here if business is a "small business" as defined by section 288.703(1), Florida Statutes. See Instructions for definition.

PART I
(1) (2) (3)

DEmonsTRATIon oF nEw Jobs CREATED
(1) (2) (3)

Enter the number of permanent, full-time jobs on the date of application. Enter the number of permanent, full-time jobs on the date 12 months prior to the date of application. Subtract Line 2 from Line 1. If Line 3 is zero or less, stop here. The business is not eligible for this enterprise zone jobs credit.

schedules A through F. Complete the schedule(s) that apply to your business. Attach the relevant schedules in the formats shown below. See instructions for explanations of schedules and qualifications for credits. schedule A - 20% Credit
Employee name, street Address, City, and ZIP

business in Enterprise Zone
SSN

A

b

Check if leased employee

C

Enterprise Zone number

D

Date Employed Began

E

Ended

F

Total Actual Total wages monthly wages Months (Col. G X Col. H)

G

H

I

Credit Amount (20% X Col. I)

J

Total Credit Amount schedule b - 30% Credit
Employee name, street Address, City, and ZIP

business in Enterprise Zone
SSN

A

b

Check if leased employee

C

Enterprise Zone number

D

Date Employed Began

E

Ended

F

Total Actual Total wages monthly wages Months (Col. G X Col. H)

G

H

I

Credit Amount (30% X Col. I)

J

Total Credit Amount schedule C - 30% Credit
Employee name, street Address, City, and ZIP

business in Rural Enterprise Zone
SSN

A

b

Check if leased employee

C

Rural County name

D

Date Employed Began

E

Ended

F

Total Total wages Actual monthly wages Months (Col. G X Col. H)

G

H

I

Credit Amount (30% X Col. I)

J

Total Credit Amount

F-1156Z R. 01/09

schedule D - 45% Credit
Employee name, street Address, City, and ZIP

business in Rural Enterprise Zone
SSN

A

b

Check if leased employee

C

Rural County name

D

Date Employed Began

E

Ended

F

Total Actual Total wages monthly wages Months (Col. G X Col. H)

G

H

I

Credit Amount (45% X Col. I)

J

Total Credit Amount schedule E - 40% to 44% Credit
Employee name, street Address, City, and ZIP

business in Enterprise Zone ­ Employees in welfare Transition Program
SSN

A

b

Check if leased employee

C

(40, 41, 42, 43, or 44)

Credit %

D

Date Employed Began

E

See Instructions

Ended

F

Total Actual Total wages monthly wages Months (Col. G X Col. H)

G

H

I

Credit Amount (40% to 44% X Col. I)

J

Total Credit Amount schedule F
Name Address

Permanent, Full-Time Employees (Enterprise Zone Residents)
SSN City Enterprise zone ID number State, ZIP

subschedule F
(1) (2) (3)

Computation of the Allowable Credit
(1) (2) (3)

Enter the number of permanent, full-time employees residing in an enterprise zone. Total must agree with Schedule F. Enter the number of permanent, full-time employees. Divide Line (1) by Line (2) and enter result here. Line (3) must be 20% or more to claim the increased credit on Schedule B or D.

PART II
1. 2.

TAx lIAbIlITy lImITATIon AnD ComPuTATIon oF CREDIT. (sEE InsTRuCTIons)
1. 2a. 2b. Total other credits 2. 3. 4. 5. 6. 7. 8.

Enter amount of total tax due from Form F-1120, Page 1, Line 11. Enter the amount of certain other credits against the tax from Form F-1120, Schedule V. a. b. Florida Health Maintenance Organization Credits Capital Investment Credit

3. 4. 5. 6. 7. 8.

Tax liability limitation (Line 1 minus Line 2). Total credit allowable this year (Schedules A, B, C, D, and E, Column J). Unused credit carryover from prior year (see instructions). Total credit available for this year (sum of Line 4 and Line 5). Enterprise zone jobs credit allowed this year (Enter smaller of Line 3 or Line 6). Enter this amount on Form F-1120, Schedule V (Credits against the tax). Unused credit carried forward to next year (Line 6 minus Line 7. If negative amount, enter zero).

Under penalties of perjury, I declare that I have examined this form including accompanying schedules and statements, and to the best of my knowledge and belief it is true, correct, and complete. ________________________________ Date ______________________________________________________________________ Signature of business owner

I declare that I have examined this form including accompanying schedules and statements, and to the best of my knowledge and belief it is true, correct, and complete. ________________________________ Date ______________________________________________________________________ Signature of enterprise zone coordinator

Instructions for Completing Form F-1156Z Florida Enterprise Zone Jobs Credit Certificate of Eligibility for Corporate Income Tax General Instructions
Who must file? Every business claiming the enterprise zone jobs credit for employees must complete and attach Form F-1156Z, and all applicable schedules, to its corporate tax return for each tax year it claims the credit. When may a business take the credit? This credit is not available if the business claims its enterprise zone jobs credit against sales tax. Who may qualify for the credit? Corporations that are subject to the Florida Corporate Income Tax Code, increase the number of full-time jobs in an enterprise zone, and employ qualified new employees are eligible for the credit. A "new employee" must fit in one of the following categories: · Is a resident of a Florida enterprise zone and works in a Florida enterprise zone for a qualified business located in a Florida enterprise zone. Welfare transition program participants do not have to live in an enterprise zone to be eligible, but must meet all other eligibility criteria. Is a resident of a rural county in Florida, and works in a Florida rural enterprise zone for a qualified business located in a Florida rural enterprise zone. Is a leased employee who is a resident of a Florida enterprise zone or a rural county in Florida, and works in a Florida enterprise zone or Florida rural enterprise zone for a qualified business located in a Florida enterprise zone or Florida rural enterprise zone. Qualified leased employees must have worked for an eligible business for an average of at least 36 hours a week for more than six (6) months and meet all other credit eligibility criteria.

F-1156ZN R. 01/09
Rule 12C-1.051 Florida Administrative Code Effective 01/09

Specific Instructions
Part I. Demonstration of New Jobs Created
Complete Part I to determine if the business is eligible to claim the enterprise zone jobs credit against corporate income tax. Line 1. Enter the number of permanent, full-time jobs on the date of application. Employees in these jobs must have worked at least three months and average at least 36 hours a week. Line 2. Enter the number of permanent, full-time jobs on the date 12 months before the date of application. Employees holding jobs included in this calculation must have worked at least three months and have averaged at least 36 hours a week. Line 3. Subtract the amount on Line 2 from the amount on Line 1 and enter the result on Line 3. If the amount on Line 3 is zero or less, the corporation is not eligible to claim the credit.

Explanation of Credits and Schedules
Business in Enterprise Zone - 20 Percent Credit (Use Schedule A) To qualify, the business must be located in a Florida enterprise zone and new employees must live in a Florida enterprise zone. Business in Enterprise Zone ­ 30 Percent Credit (Use Schedule B) To qualify, the business must be located in an enterprise zone, new employees must live in an enterprise zone, and 20 percent of all full-time employees must live in an enterprise zone. Use Subschedule F to decide if the business meets this 20 percent test. Business in Rural Enterprise Zone ­ 30 Percent Credit (Use Schedule C) To qualify, the business must be located in a Florida rural enterprise zone and new employees must live in a Florida rural county. Business in Rural Enterprise Zone ­ 45 Percent Credit (Use Schedule D) To qualify, the business must be located in a rural enterprise zone, new employees must live in a rural county, and 20 percent of all full-time employees must live in a rural enterprise zone. Use Subschedule F to decide if the business meets this 20 percent test. Business in Enterprise Zone and Employees in Welfare Transition Program ­ 40 to 44 Percent Credit (Use Schedule E) To qualify, the business must be located in a Florida enterprise zone and new employees must be welfare transition program participants.

·

·

Part-time employees are not eligible for the credit. New employees must not have worked for the taxpayer within the previous 12 months. The credit is calculated on the actual wages paid during the taxable year which are subject to unemployment tax and is based on monthly wages paid to each new employee for up to 24 consecutive months. The State of Florida defines a "small business" in section (s.) 288.703(1), Florida Statutes (F.S.), as an independently owned and operated business employing 200 or fewer permanent full-time employees and whose total net worth is $5 million or less, or any firm based in this state which has a Small Business Administration 8(a) certification. The enterprise zone jobs credit is state financial assistance subject to the auditing and reporting requirements of the Florida Single Audit Act, under s. 215.97, F.S. Tax Information Publication (TIP) 05ADM-01 provides more details. You can find this TIP on the Department's Internet site.

F-1156ZN R. 01/09

Instructions for Completing Form F-1156Z
You should calculate the credit as follows: · 40 percent of the monthly wages paid if the hourly rate is $4 above the hourly federal minimum wage rate. · 41 percent if the hourly rate is $5 above the hourly federal minimum wage rate. · 42 percent if the hourly rate is $6 above the hourly federal minimum wage rate. · 43 percent if the hourly rate is $7 above the hourly federal minimum wage rate. · 44 percent if the hourly rate is $8 above the hourly federal minimum wage rate. Preparation of Schedule F. If claiming the credit on Schedule B or Schedule D, complete Schedule F and its subschedule, and attach a list of all other permanent, full-time employees. Subschedule F. Computation of Allowable Credit Line 1. Enter the total number of permanent, full-time employees who live in an enterprise zone or rural enterprise zone. These employees must have worked at least three months and average at least 36 hours a week. Line 2. Enter the total number of permanent, full-time employees who have worked at least three months and have averaged at least 36 hours a week. Line 3. Divide Line 1 by Line 2 and enter the result.

Preparation of Schedules A through E
Form F-1156Z contains formats for Schedules A through E. Use these formats to create a list of employees for each applicable job credit. Complete the correct credit computation schedule to determine the credit for each new employee. Attach the schedules to your Form F-1156Z. Instructions for completing Columns A though J Column A. Enter the name and place of residence of each new employee for whom you are claiming credit. The place of residence must be the employee's home address on the date shown in Column E. Column B. Enter the social security number (SSN) of the new employee. Social Security Numbers are used by the Florida Department of Revenue as unique identifiers for the administration of Florida's taxes. Social Security Numbers obtained for tax administration purposes are confidential under s. 213.053 and 119.071, F.S., and not subject to disclosure as public records. Column C. Place a check mark in this column if the employee is a leased employee. Column D. If applicable, enter the enterprise zone number or name of the rural county in which the new employee lives. Exception: Schedule E. Column D is used to show the credit percentage taken. Column E. Enter the date the new employee began employment with the business. Column F. Enter the last day of business of the tax year for which you claim credit. If the employee is no longer employed on that date, enter the last day of the last calendar month you employed the employee. Column G. Enter the amount of wages paid to the new employee on which the credit is computed for the taxable year. Column H. Enter the number of months of wages on which the credit is based. Since the credit is computed on wages paid during the taxable year, the period of up to 24 consecutive months over which credit may be allowable may include three calendar years. Column I. Multiply the Actual Monthly Wages (Column G) by the Total Months (Column H) and enter the result here. Column J. Multiply the applicable credit by Total Wages (Column I) and enter the result here.

Part II. Tax Liability Limitation and Computation of Credit
Line 1. The amount of credit on Line 1, which was computed on wages paid to new employees during the taxable year, must be applied against and limited to the corporate income or franchise tax liability for the taxable year. Therefore, enter on this line the total tax due from Form F-1120 (Florida Corporate Income Tax Return), Page 1, Line 11. Line 2. The amount of credit allowed is limited to the total corporate income or franchise tax due after certain credits are applied. Enter on Lines 2(a) and 2(b) the appropriate amounts of other credits as listed on Form F-1120, Schedule V (Credits against the tax). Instructions for Form F-1120 explain the calculations of these other credits. Line 3. The tax liability limitation is the total tax due on Line 1 minus the sum of the credits on Line 2. Line 4. Enter the total credit claimed based on the actual monthly wages paid to eligible new employees during this taxable year from Part I - Schedules A, B, C, D, and E, Column J. Line 5. You may carry forward the unused portion of the total enterprise zone jobs credit from taxable years ended after July 1, 1995, to the next succeeding taxable year. Line 6. The total credit available (before application of the tax liability limitation) is the sum of the credit for the current taxable year (Line 4) plus the unused credit (if any) carried forward from the immediately preceding year (Line 5). Line 7. Enter the lesser of Line 3 (Tax liability limitation) or Line 6 (Total credit available) as the allowable credit used this taxable year. Line 8. Enter any unused credit available to be used in the next succeeding taxable year (Line 6 minus Line 7).