Alabama Excise Credits

Excise Credits
Form Schedule EC
SCHEDULE

EC

(FORM ET-1)

*230005EC*

Alabama Department of Revenue

Reset Form

2023

Excise Credits
ATTACH TO FORM ET-1

*Business Credits must be submitted through My Alabama Taxes (MAT) before completion of the Schedule EC. See instructions for submission details.
NAME(S) AS SHOWN ON FORM ET-1

FEDERAL EMPLOYER IDENTIFICATION NUMBER

SECTION A Current Tax Period Liability. Enter Alabama Financial Institution Excise Tax due from Form ET-1, page 1, line 16 here. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SECTION B CURRENT YEAR CREDITS – Pre-Distribution
Part A — Alabama Taxes Used As Credits
A1. Sales Taxes: Supplies, etc.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A1 •
A2. Furniture, Fixtures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A2 •
A3. Use Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A3 •
A4. State Tax on Utilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A4 •
A5. State Tax on Telephone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A5 •
A6. Other Allowable Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A6 •
A7. Add lines A1 through A6. CREDIT ALLOWABLE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A7 •
A8. TOTAL ALABAMA TAXES USED AS CREDITS UTILIZED. If A7 is less than (<) Section A, enter the amount from A7 on A8.
If A7 is greater than (>) Section A, enter the amount from Section A on A8 and zero (0) on A9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
A9. Remaining Tax Liability Due: If Section A is greater than (>) A8, enter the difference on A9 (Section A - A8 = A9) and proceed to Part B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Part B — Full Employment Act of 2011 Credit*
Were you in business with 50 or fewer full and/or part-time employees on June 9, 2011? • Yes • No If “No”, you do not qualify for this credit.
B1. Number of full time employees on 12-31-2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B1 •
B2. Number of full time employees on 12-31-2020 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B2 •
B3. Subtract line B2 from line B1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B3 •
B4. Number of qualifying new employees from line B3 that completed their first 12 months of service in 2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . B4 •
B5. Multiply line B4 by $1,000. CREDIT ALLOWABLE. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B5 •
B6. TOTAL FULL EMPLOYMENT ACT CREDIT UTILIZED. If B5 is less than (<) A9, enter the amount from B5 on B6.
If B5 is greater than (>) A9, enter the amount from A9 on B6 and zero (0) on B7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
B7. Remaining Tax Liability Due: If Section B, Part A, Line A9 is greater than (>) B6, enter the difference on 7
(Section B, Part A, Line A9 - B6 = B7) and proceed to Part C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

•

A8 •
A9 •

B6 •
B7 •

ADOR

*230006EC*
ALABAMA SCHEDULE EC – 2023

Alabama Department of Revenue

Excise Credits
PAGE

ATTACH TO FORM ET-1

NAME(S) AS SHOWN ON FORM ET-1

Part C — Investment Credit (Alabama Jobs Act) *
C1. Enter the information requested for each project.
Project Number:
C1a. •
C1b. •
C1c. •
C2. Credit Allowable.Total Investment Credit (Alabama Jobs Act). Enter the sum of all project credits. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
C3. TOTAL INVESTMENT CREDIT (ALABAMA JOBS ACT) UTILIZED. If C2 is less than (<) B7, enter the amount from C2 on C3.

2

FEDERAL EMPLOYER IDENTIFICATION NUMBER

Amount of Credit:
C1a
C1b
C1c
C2

•
•
•
•

If C2 is greater than (>) B7, enter the amount from B7 on C3 (Section B, Part B, Line B7 = C3) and zero (0) on Section C, Line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
C4. If C2 is greater than (>) C3, this is the amount of Investment Credit (Alabama Jobs Act) remaining to CARRYFORWARD
Enter the amount on C4 and zero (0) on Section C, Line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C4 •
C5. Remaining Tax Liability Due: If Section B, Part B, Line B7 is greater than (>) C3, enter the difference on C5
(Section B, Part B, Line B7 – C3 = C5) and proceed to Part C, Line C6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
C6. Enter the information requested for Investment Credit (Alabama Jobs Act) Credit Carry Forward Prior Years.
Project Number:
Year Carryforward Generated
Amount of Credit:
MM/DD/YYYY
C6a •
C6a. •
•
C6b
C6b. •
•
•
C6c •
C6c. •
•
C7. CREDIT ALLOWABLE PRIOR YEAR CREDIT CARRYFORWARD. Total Investment Credit (Alabama Jobs Act).
Enter the sum of all prior year credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C7 •
C8. TOTAL INVESTIMENT CREDIT (ALABAMA JOBS ACT) PRIOR YEAR CREDIT CARRYFORWARD UTILIZED.
If C7 is less than (<) C5, enter the amount from C7 on C8. If C7 is greater than (>) C5, enter the amount from C5 on C8 and zero (0) on C9. . . . . . . . . . . . . . . . . . . . . . . . . . . .
C9. Alabama Financial Institution Excise Tax less Pre-Distribution Credits (Net Alabama Financial Institution Excise Tax):
If C5 is greater than (>) C8, enter the difference on C9 (C5 – C8 = C9). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SECTION C Allocable Amount to General Fund
  1. Net Alabama Financial Institution Excise Tax less Pre-Distribution Credits multiplied by 50% (C9 x .50). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 •

C3 •

  2. Total Amount allocated to General Fund. Enter amount here and Section E, Part D, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2 •

C5 •

C8 •
C9 •

ADOR

*230007EC*

Alabama Department of Revenue

Excise Credits

ALABAMA SCHEDULE EC – 2023

PAGE

ATTACH TO FORM ET-1

NAME(S) AS SHOWN ON FORM ET-1

3

FEDERAL EMPLOYER IDENTIFICATION NUMBER

SECTION D CURRENT YEAR CREDITS – Limited to the General Fund Portion of Distribution
Part D — Veterans Employment Act. Employer Credit*
D1. Number of unemployed veterans included in Section B, Part B, line B4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D1 •
D2. CREDIT ALLOWABLE. Multiply line D1 by $2,000. Enter here and Section E, Part D, Column 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D2 •
Part E — 2013 Alabama Historic Rehabilitation Tax Credit*
E1. Enter the information from the Alabama Historic Commission Tax Credit Certificate for each project.
Project Number:
Date Placed In Service:
Amount of Credit:
•
E1a. •
•
•
E1b. •
•
•
E1c. •
•
E2. CREDIT ALLOWABLE. Total 2013 Alabama Rehabilitation Tax Credit. Enter the sum of all project credits.
Enter here and Section E, Part E, Column 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E2 •
Part F – Apprenticeship Tax Credit*
F1. CREDIT ALLOWABLE. Enter the amount from the Apprenticeship Tax Credit Certificate. Enter here and on Section E, Part F, Column 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1 •
Part G – Growing Alabama Credit*
G1. Name of Economic Development Organization •
G2. CREDIT AVAILABLE. Amount approved for contribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G2 •
G3. MAXIMUM CREDIT ALLOWABLE. Multiply Total Amount allocated to General Fund (Section C, line 2) by 50% (.50). Enter here . . . . . . . G3 •
G4. CREDIT ALLOWABLE. Total Growing Alabama Credit. Enter the lesser of line G2 or line G3 here and Section E, Part G, Column 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G4 •
G5. MAXIMUM CREDIT ALLOWABLE FOR PRIOR YEAR CREDIT CARRYFORWARD. Subtract line G4 from line G3.
Enter here and line G6a, column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G5 •
G6. Calculation of Allowable Prior Year Credit Carryforward - enter here and on Section F. If Part G, line G5 is equal to zero, do not complete this section.
Column 1

Credit Year

Column 2

Column 3

Column 4

Column 5

Credit Carryforward
Available

Credit Limitation (Line G6a, Col. 3 equals
line G5. Lines G6b, G6c, G6d, and G6e,
Col. 3 equal Col. 5, prior row)

Maximum Credit Carryforward Available
this Year (lesser of Col. 2 or Col. 3)

Unused Credit Limitation
(Col. 3 minus Col. 4)

G6a. •
G6b. •
G6c. •
G6d. •
G6e. •
G6f. Maximum Credit Carryforward Available. Sum of Column 4, line G6a, G6b, G6c, G6d, and G6e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G6f •

ADOR

*230008EC*

Alabama Department of Revenue

Excise Credits

ALABAMA SCHEDULE EC – 2023

PAGE

ATTACH TO FORM ET-1

NAME(S) AS SHOWN ON FORM ET-1

4

FEDERAL EMPLOYER IDENTIFICATION NUMBER

Part H— Income Tax Capital Credit - Form AR-C must be filed on MAT. See Instructions*
Check the box if the financial institution received a Form KRCC and completed a Schedule KRCC-B:
• KRCC received (must attach Form KRCC) • KRCC-B completed (must attach Schedule KRCC-B)
H1. Enter the information requested for each project.
Project Number:
Amount of Credit:
H1a. •
•
H1b. •
•
H1c. •
•
H1d. •
•
H1e. •
•
H1f. •
•
H1g. •
•
H2. CREDIT ALLOWABLE. Total Capital Credit Available. Enter the sum of all project credits. Enter here and Section E,
Part H, Column 2.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . H2 •
SECTION E Current Credit Summary
Enter Total Amount allocated to General Fund due from Section C, line 2 on the current credit summary, Part D, Column 3. To calculate the Current Credit Summary, repeat the steps that follow for each row: In Column 2, enter the Credit Allowable from Section
D. Subtract the Credit Allowable from the Remaining Tax to be Offset. If the Credit Allowable is greater than the amount in Column 3, enter the amount from Column 3 in Column 4. If the Remaining Tax to be Offset is greater than Column 2, enter the Credit
Allowable (Column 2) in Column 4 and enter the difference of Column 3 and Column 4 in Column 5 and proceed to the next available credit. For the remaining rows, use the preceding Tax Remaining after Credit from Column 5 as the Remaining Tax to be
Offset in Column 2. To compute the Credit Carryforward (Column 6) in the Current Credit Summary, for each credit listed, subtract the Amount Utilized (Column 4) from the Credit Allowable (Column 2), and enter difference in Column 6.
Column 1

Type of Credit

Column 2

Column 3

Credit Allowable

Remaining Tax
to be Offset

Column 4

Column 5

Column 6

Amount Utilized

Tax Remaining After Credit
(Col. 3 – Col. 4)

Credit Carryforward
(Col. 2 – Col. 4)

Part D • Veterans Employment Act – Employer Credit
Part E • 2013 Alabama Historic Rehabilitation Tax Credit
Part F • Apprenticeship Tax Credit
Part G • Growing Alabama Credit
Part H • Income Tax Capital Credit
Total Current Credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •

ADOR

*230009EC*

Alabama Department of Revenue

Excise Credits

ALABAMA SCHEDULE EC – 2023

PAGE

ATTACH TO FORM ET-1

NAME(S) AS SHOWN ON FORM ET-1

5

FEDERAL EMPLOYER IDENTIFICATION NUMBER

SECTION F Credit Carry Forward Prior Years
For each carryforward available for utilization listed below, repeat the steps that follow: Subtract the Remaining Tax to be Offset (Section E, Part H, Column 5) from the Allowable Credit Carryforward (Section F, Column 6). If the Remaining Tax to be Offset is
less than or equal to the Allowable Credit Carryforward, enter the Remaining Tax to be Offset in Column 7 and enter the excess of the Amount Available to use this Period in Column 8. If the Remaining Tax to be Offset is greater than Section F, Column 6,
enter the Allowable Credit Carryforward to use this Period in Column 7 and enter the difference of the Remaining Tax to be Offset and the Amount used this Period in Column 9, then proceed to the next available prior year credit. For the remaining rows, the
Amount used this Period in Column 7 is limited to the Remaining Tax to be Offset in Column 9 of the preceding row.
*For the Growing Alabama Credit carryforward computation, the Allowable Credit Carryforward in Column 6 is limited to the Maximum Credit Carryforward Available This Year in Column 4 of Section D, Part G, Line G6. All other credits, Column 6 equals
Column 5.
Column 1

Column 2

Type of Credit

Year Carryforward
Generated
(MM/DD/YYY)

Column 3

Amount of Credit

Column 4
Amount used in years
prior to this Period

Column 5
Amount available to use
this Period (Col. 3- Col. 4)

Column 6
*Allowable Credit
Carryforward

Column 7

*Amount used this Period

Column 8

Column 9

Remaining unused Credit
Carryforward
(Col. 5 - Col. 7)

Remaining Tax
to be Offset

  1. •
  2. •
  3. •
  4. •
  5. •
  6. •
  7. •
  8. •
  9. •
10. •
Total Prior Year Credit Carryforward . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •
SECTION G Total Credits
  1. Pre-Distribution and Current Year Credits. Total Current Credits, Section B, Lines A8, B6, C3, C8 and Section E, Column 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  2. Prior Year Credits. Total Prior Year Credit Carryforward, Section F, Column 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
  3. Total Credits Utilized in the Current Period. Add lines 1 and 2. Enter the total here and on Form ET-1, page 1, line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1
2
3

•
•
•

ADOR