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California California Competes Tax Credit
Extracted from PDF file 2023-california-form-3531.pdf, last modified October 2023California Competes Tax Credit
TAXABLE YEAR 2023 CALIFORNIA FORM California Competes Tax Credit 3531 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 □ CA Corporation no. □ FEIN Name of credit owner. See instructions. California Secretary of State file number Part I Credit Earned. See instructions. 1a 1a Agreement number: – . Credit earned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Does the credit earned in line 1a include the achievement of milestones from more than one year?. . . . . . . . . . . . . . . . . . • Yes b Agreement number: – . Credit earned . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1b 00 Does the credit earned in line 1b include the achievement of milestones from more than one year? . . . . . . . . . . . . . . . . . • Yes 2 Total credit earned in 2023. Add line 1a and line 1b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 00 • No • No 2 00 3 Credit amount from Part I, line 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 00 4a Pass-through California Competes Tax Credit from Schedule K-1 (100S, 541, 565, or 568). See instructions. 4a 00 5a Current year credit. Add line 3 and line 4a. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5a 00 b S Corporations enter 1/3 of the amount of line 5a. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5b 00 6 Credit carryover from prior year(s). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 00 7 Total available California Competes Tax Credit. Add line 5a and line 6. S corporations, see instructions. . . . . 7 00 Part II Available Credit b Agreement number for the pass-through California Competes Tax Credit: – . 8a Credit claimed. Enter the amount of the credit claimed from Part IV, line 11, column (d) on this form. See instructions. (Do not include any assigned credit claimed on form FTB 3544, Part B.) . . . . . . . . . . . . . 8a 00 8b 00 9 00 b Total credit assigned. Enter the total amount from form FTB 3544, Part A, column (g). If you are not a corporation, enter -0-. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 Credit carryover available for future years. Add line 8a and line 8b, subtract the result from line 7 . . . . . . . Part III Credit Recapture 10a Credit recapture. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10a 00 b Amount of previously used recaptured credit. See instructions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10b 00 Part IV Credit Claimed. See instructions. (a) Agreement number (b) Year credit earned (c) Credit amount available for use (d) Credit claimed (e) Credit carryover 11 Total credit claimed . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . For Privacy Notice, get FTB 1131 EN-SP. 8441233 FTB 3531 2023
2023 Form 3531 California Competes Tax Credit
More about the California Form 3531 Individual Income Tax Tax Credit TY 2023
We last updated the California Competes Tax Credit in February 2024, so this is the latest version of Form 3531, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 3531 directly from TaxFormFinder. You can print other California tax forms here.
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TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form 540 | California Resident Income Tax Return |
| Form 540 Booklet | Personal Income Tax Booklet - Forms & Instructions |
| Form 540 Schedule CA | California Adjustments - Residents |
| Form 540-ES | Estimated Tax for Individuals |
| Form 540-540A Instructions | California 540 Form Instruction Booklet |
View all 175 California Income Tax Forms
Form Sources:
California usually releases forms for the current tax year between January and April. We last updated California Form 3531 from the Franchise Tax Board in February 2024.
Form 3531 is a California Individual Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Individual Income Tax
The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.
Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!
Historical Past-Year Versions of California Form 3531
We have a total of nine past-year versions of Form 3531 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Form 3531
2023 Form 3531 California Competes Tax Credit
2022 Form 3531
2022 California Form 3531 California Competes Tax Credit
2021 Form 3531
2021 California Form 3531 California Competes Tax Credit
2020 Form 3531
2020 Form 3531 California Competes Tax Credit
2019 Form 3531
2019 California Form 3531 California Competes Tax Credit
2018 Form 3531
2018 Form 3531 - California Competes Tax Credit
2017 Form 3531
2017 Form 3531 - California Competes Tax Credit
2016 Form 3531
2016 Form 3531 - California Competes Tax Credit California Form 3531
2015 Form 3531
2015 Form 3531 -- California Competes Tax Credit
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