Alabama Business Credits

Business Credits
Schedule BC
SCHEDULE

BC

(FORM 20C)

*230008BC*

Reset Form

Alabama Department of Revenue

2023

Business Credits
ATTACH TO FORM 20C

*Business Credits must be submitted through My Alabama Taxes (MAT) before completion of the Schedule BC. See instructions for submission details.
NAME(S) AS SHOWN ON FORM 20C

FEDERAL EMPLOYER IDENTIFICATION NUMBER

SECTION A Current Tax Period Liability. Enter tax due from Form 20C, page 1, line 17 here and on Section C, Part A, Column 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
SECTION B CURRENT YEAR CREDITS
Part A — Alabama Enterprise Zone Act Credit
A1 CREDIT ALLOWABLE. Enter the amount of the Alabama Enterprise Zone credit available.
Enter here and on Section C, Part A, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A1
Part B — Basic Skills Education Credit. YOU MUST ATTACH YOUR APPROVED CERTIFICATION NOTICE ISSUED BY THE ALABAMA DEPARTMENT OF EDUCATION.
B1 Enter your assigned Department of Education Certification Number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B1 •
B2 Name of employer/firm sponsoring the education program
B3 Name of approved provider
Address of approved provider
B4 Were all participants for whom you are claiming a tax credit continuously employed by you for at least 16 weeks? . • Yes • No
B5 If the answer to line B4 is yes, did employee(s) work at least 24 hours each week?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Yes • No
B6 If the answer to lines B4 and B5 above are yes, enter the total expenses available for credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . B6 •
B7 CREDIT ALLOWABLE. Multiply line B6 by 20% (.20). Enter here and on Section C, Part B, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B7
Part C — Coal Credit*
C1 Number of tons of coal produced in current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C1 •
C2 Number of tons of coal produced in calendar year 1994 or base year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C2 •
C3 Subtract line C2 from line C1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C3 •
C4 Multiply line C3 by $1, if greater than zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C4 •
C5 Pro rata share of credit from Schedule K-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C5 •
FEIN of entity •_____________________ (if credit from more than one entity, attach schedule)
C6 CREDIT ALLOWABLE. Add lines C4 and C5. Enter here and on Section C, Part C, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C6
Part D — 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.
D1 Number of full time employees on 12-31-2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D1 •
D2 Number of full time employees on 12-31-2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D2 •
D3 Subtract line D2 from line D1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D3 •
D4 Number of qualifying new employees from line D3 that completed their first 12 months service in 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D4 •
D5 CREDIT ALLOWABLE. Multiply line D4 by $1,000. Enter here and on Section C, Part D, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D5
Part E — Veterans Employment Act - Employer Credit*
E1 Number of unemployed veterans included in Section B, Part D, line D4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E1 •
E2 CREDIT ALLOWABLE. Multiply line E1 by $2,000. Enter here and on Section C, Part E, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E2
Part F — Veterans Employment Act - Business Start-up Expenses Credit*
Did this business start up after April 2, 2012? • Yes • No If “No”, you do not qualify for this credit.
F1 Name
F2 Enter your business ID number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2 •
F3 Enter total amount of business start-up expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3 •
$2,000
F4 Maximum credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4
F5 CREDIT ALLOWABLE. Enter the lesser of line F3 or line F4. Enter here and on Section C, Part F, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5

•

•

•

•

•

•

•
ADOR

*230009BC*
ALABAMA SCHEDULE BC – 2023
NAME(S) AS SHOWN ON FORM 20C

Part
G1
G2
G3
G4
G5
G6
G7
G8
G9
Part
H1

Alabama Department of Revenue

Business Credits
ATTACH TO FORM 20C

PAGE

2

FEDERAL EMPLOYER IDENTIFICATION NUMBER

G — Qualified Irrigation System/Reservoir System Tax Credit*
Purchase cost and installation costs of irrigation system. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G1 •
Conversion costs to convert from fuel to electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G2 •
Add lines G1 and G2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G3 •
Multiply line G3 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G4 •
Cost of construction reservoir . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G5 •
Multiply line G5 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G6 •
Enter the amount from line G4 or G6 here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G7 •
$10,000
Maximum Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G8
CREDIT ALLOWABLE. Enter the lesser of line G7 or G8. Enter here and on Section C, Part G, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G9 •
H — Alabama Accountability Act Credit*
•
Name of Scholarship Granting Organization:

H2 Address of Scholarship Granting Organization:

H3 CREDIT ALLOWABLE. Enter the amount contributed for scholarship(s) here and Section C, Part H, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . H3 •
Part I — 2013 Alabama Historic Rehabilitation Tax Credit *
I1 Enter the information from the Tax Credit Certificate for each project.
Project Number:
Date Placed In Service:
Amount of Credit:
•
•
I1a. •
•
•
I1b. •
•
•
I1c. •
I2 CREDIT ALLOWABLE. Total 2013 Alabama Historic Rehabilitation Tax Credit. Enter the sum of all project credits.
Enter here and on Section C, Part I, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I2 •

ADOR

*230010BC*

Alabama Department of Revenue

Business Credits
ATTACH TO FORM 20C

ALABAMA SCHEDULE BC – 2023
NAME(S) AS SHOWN ON FORM 20C

PAGE

FEDERAL EMPLOYER IDENTIFICATION NUMBER

Part
J1
J2
J3
J4
J5
J6
J7

J — Career - Technical Dual Enrollment Credit
Enter amount from the Department of Postsecondary Education Tax Certificate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J1 •
Multiply line J1 by 50% (.50). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J2 •
Multiply the current tax liability (Section A) by 50% (.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J3 •
$500,000
Maximum Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J4
CREDIT AVAILABLE. Enter the lesser of J2 or J3 here and on Section C, Part J, Column 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J5 •
CREDIT ALLOWABLE. Enter the lesser of line J2, J3 or line J4. Enter here and on Section C, Part J, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J6 •
MAXIMUM CREDIT ALLOWABLE FOR PRIOR YEAR CREDIT CARRYFORWARD.
Subtract line J6 from line J3. Enter here and line J8a, column 3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J7 •

J8

Calculation of Allowable Prior Year Credit Carryforward - enter here and on Section D. If Part J, line J7 is equal to zero, do not complete this section.
Column 1

Credit Year

J8a
J8b
J8c
J8d

3

Column 2

Column 3

Column 4

Column 5

Credit Carryforward
Available

Credit Limitation (Line J8a, Col. 3 equals
line J7. Lines J8b and J8c, 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)

•
•
•
Maximum Credit Carryforward Available. Sum of Column 4, line J8a, J8b, and J8c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J8d •

Part K — Investment Credit (Alabama Jobs Act)*
K1 Enter the information requested for each project.
Project Number:
Amount of Credit:
K1a •
K1a. •
K1b •
K1b. •
K1c •
K1c. •
K2 CREDIT ALLOWABLE. Total Alabama Jobs Act Investment Credits. Enter the sum of all project credits.
Enter here and on Section C, Part K, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . K2 •
Part L — Port Credit
L1 CREDIT ALLOWABLE. Enter the amount certified by the Department of Commerce.
Enter here and on Section C, Part L, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . L1 •

ADOR

*230011BC*

Alabama Department of Revenue

Business Credits
ATTACH TO FORM 20C

ALABAMA SCHEDULE BC – 2023

PAGE

NAME(S) AS SHOWN ON FORM 20C

4

FEDERAL EMPLOYER IDENTIFICATION NUMBER

Part M — Growing Alabama Credit*
M1 Name of Economic Development Organization •
M2 Pro rata share of credit from Schedule K-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M2 •
FEIN of entity •_____________________ (if credit from more than one entity, attach schedule)
M3 Amount approved for contribution. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M3 •
M4 CREDIT AVAILABLE. Add line M2 and line M3. Enter here and on Section C, Part M, Column 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M4 •
M5 MAXIMUM CREDIT ALLOWABLE. Multiply the current tax liability (Section A) by 50% (.50). Enter here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M5 •
M6 CREDIT ALLOWABLE. Total Growing Alabama Credit. Enter the lesser of line M4 and line M5. Enter here and Section C, Part M, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . M6 •
M7 MAXIMUM CREDIT ALLOWABLE FOR PRIOR YEAR CREDIT CARRYFORWARD. Subtract line M6 from line M5.
Enter here and line M8a, column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M7 •
M8 Calculation of Allowable Prior Year Credit Carryforward - enter here and on Section D. If Part M, line M7 is equal to zero, do not complete this section

M8a
M8b
M8c
M8d
M8e
M8f
Part
N1
Part
O1

O2
Part
P1a
P1b
P2

Column 1

Column 2

Column 3

Column 4

Column 5

Credit Year

Credit Carryforward
Available

Credit Limitation (Line M8a, Col. 3 equals
line M7. Lines M8b, M8c, M8d, and M8e,
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)

•
•
•
•
•
Maximum Credit Carryforward Available. Sum of Column 4, line M8a, M8b, M8c, M8d, and M8e. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M8f •
N — Apprenticeship Tax Credit*
N1 •
CREDIT ALLOWABLE. Enter the amount from the Apprenticeship Tax Credit Certificate. Enter here and on Section C, Part N, Column 3
O — 2017 Alabama Historic Rehabilitation Tax Credit*
Enter the information from the tax credit certificate for each project.
Project Number:
Date Placed In Service:
Amount of Credit:
•
O1a. •
•
•
O1b. •
•
•
O1c. •
•
CREDIT ALLOWABLE. Total 2017 Alabama Historic Rehabilitation Tax Credits. Enter the sum of all project credits.
Enter here and on Section C, Part O, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . O2 •
P — Railroad Modernization
•  Received Certificate
•  Received Transfer Credit Certificate (Refundable credit is not allowed)
CREDIT ALLOWABLE. Enter the amount of credit as reported on your certificates
Enter here and on Section C, Part P, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . P2 •

ADOR

*230012BC*
ALABAMA SCHEDULE BC – 2023
NAME(S) AS SHOWN ON FORM 20C

Alabama Department of Revenue

Business Credits
ATTACH TO FORM 20C

PAGE

5

FEDERAL EMPLOYER IDENTIFICATION NUMBER

Part Q — Innovate Alabama Tax Credit
Q1 Name of Economic Development Organization •
Q2 Pro rata share of credit from Schedule K-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q2 •
FEIN of entity •_____________________ (if credit from more than one entity, attach schedule)
Q3 Enter the amount approved by Innovate Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q3 •
Q4 CREDIT AVAILABLE. Add line Q2 and line Q3. Enter here and on Section C, Part Q, Column 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q4 •
Q5 MAXIMUM CREDIT ALLOWABLE. Multiply the current tax liability (Section A) by 50% (.50). Enter here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q5 •
Q6 CREDIT ALLOWABLE. Total Innovate Alabama Credit. Enter the lesser of line Q4 or line Q5. Enter here and Section C, Part Q, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q6 •
Part R — Income Tax Capital Credit - Form AR-C must be filed on MAT. See Instructions *
Check the box if the corporation received a Form KRCC and completed a Schedule KRCC-B:
• KRCC received (must attach Form KRCC) • KRCC-B completed (must attach Schedule KRCC-B)
R1 Enter the information requested for each project.
Project Number:
Amount of Credit:
R1a. •
•
R1b. •
•
R1c. •
•
R1d. •
•
R1e. •
•
R1f. •
•
R1g. •
•
R2 CREDIT ALLOWABLE. Total Capital Dock or Capital Credit Available. Enter the sum of all project credits.
Enter here and on Section C, Part R, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . R2 •

ADOR

*230013BC*

Alabama Department of Revenue

Business Credits
ATTACH TO FORM 20C

ALABAMA SCHEDULE BC – 2023
NAME(S) AS SHOWN ON FORM 20C

PAGE

6

FEDERAL EMPLOYER IDENTIFICATION NUMBER

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

Type of Credit

Column 2

Credit Available

Column 3

Column 4

Credit Allowable

Remaining Tax
to be Offset

Column 5

Column 6

Column 7

Column 8

Amount Utilized

Tax Remaining after Credit
(Col. 4 – Col. 5)

Excess Credit Allowable
(Col. 3 – Col. 5)

Credit Carryforward

Part A •
Part B •
Part C •
Part D •
Part E •
Part F •
Part G •

Alabama Enterprise Zone
Basic Skills Education
Coal Credit
Full Employment Act
Veterans Employment Act – Employer Credit
Veterans Employment Act – Start-up Expenses
Qualified Irrigation System/Reservoir System
Tax Credit
Part H • Alabama Accountability Act
Part I • 2013 Alabama Historic Rehabilitation

Tax Credit
Career - Technical Dual Enrollment Credit
Investment Credit (Alabama Jobs Act)
Port Credit
Growing Alabama Credit
Apprenticeship Tax Credit
2017 Alabama Historic Rehabilitation
Tax Credit
Part P • Railroad Modernization Act of 2019
Part Q • Innovate Alabama Tax Credit
Part R • Income Tax Capital Credit
Part J •
Part K •
Part L •
Part M •
Part N •
Part O •

Total Current Credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . •

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*230014BC*

Alabama Department of Revenue

Business Credits
ATTACH TO FORM 20C

ALABAMA SCHEDULE BC – 2023
NAME(S) AS SHOWN ON FORM 20C

PAGE

7

FEDERAL EMPLOYER IDENTIFICATION NUMBER

SECTION D 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 C, Column 7) from the Allowable Credit Carryforward to use this Period (Section
D, 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 D, Column 6, enter the Allowable Credit Carryforward 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 Career - Technical Dual Enrollment Credit and 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 B, Part J, line J8 and Section B, Part M, line M8. 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 E TOTAL NONREFUNDABLE CREDITS
E1 Current Year Credits. Total Current Credits, Section C, Column 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E1 •
E2 Prior Year Credits. Total Prior Year Credit Carry Forward, Section D, Column 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E2 •
E3 Total Credits Utilized in the Current Period. Add lines E1 and E2. Enter the results here and on Form 20C, page 1, line 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E3 •
SECTION F TOTAL REFUNDABLE CREDITS
F1 2017 Alabama Historic Rehabilitation Tax Refundable Credit.
Enter amount from Section C, Part O, Column 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1 •
F2 Railroad Modernization Act of 2019 Refundable Credit. If Section B, Part P, Line P1a is checked,
enter amount from Section C, Part P, Column 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2 •
F3 Total Refundable Credits. Add lines F1 and F2. Enter the results here and on Form 20C, page 1, line 20f. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3 •

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