California S Corporation Tax Credits

S Corporation Tax Credits
2021 S Corporation Tax Credits CALIFORNIA SCHEDULE C (100S)
TAXABLE YEAR

2021

CALIFORNIA SCHEDULE

C (100S)

S Corporation Tax Credits

For use by S corporations only. Attach to Form 100S.
Corporation name

• Complete and attach all supporting credit forms to Form 100S.
• To claim more than seven credits, attach schedule.

California corporation number

(a)
Credit amount limited
to 1/3 of total

(b)
Carryover from
prior year

(c)
*Credit used this
year, not more
than col. (a) + col. (b)

(d)
Tax balance that
may be offset
by credits

(e)
Credit carryover
to 2021

1 Regular tax from Form 100S, Side 2, line 21 . . . . . . . . . . . . . . . . . 
2 Minimum franchise tax plus QSub annual tax(es), if applicable.  . . 
3 Subtract line 2 from line 1. If zero or less, enter -0- . . . . . . . . . . . . 
4 Code: ____ ____ ____ Credit name:_______________________
5 Code: ____ ____ ____ Credit name:_______________________
6 Code: ____ ____ ____ Credit name:_______________________
7 Code: ____ ____ ____ Credit name:_______________________
8 Code: ____ ____ ____ Credit name:_______________________
9 Code: ____ ____ ____ Credit name:_______________________
10 Code: ____ ____ ____ Credit name:_______________________

*If the S corporation is subject to the credit limitation, the total of credits in column (c) cannot exceed $5,000,000.
For the first two credits enter the credit name, code and amount of credit used on Form 100S, Side 2, line 22 and line 23. If more than
two credits, enter the total amount of any remaining credits used on Form 100S, Side 2, line 24.

Important Information
For taxable years beginning on or after January 1, 2020, and before
January 1, 2023, there is a $5,000,000 limitation on the application of
credits. The total of all credits including the carryover of any credit for the
taxable year may not reduce the “tax” by more than $5,000,000.
The total amount of specific credit claimed/used on Schedule C (100S),
S Corporation Tax Credits, should include both: (1) the total assigned
credit claimed from form FTB 3544, Assignment of Credit, Side 2, Part B,
column (j), and (2) the amount of credit claimed that was generated by the
assignee.

Purpose

Use Schedule C (100S) to determine the allowable amount of tax credits
to claim on the 2021 Form 100S, California S Corporation Franchise or
Income Tax Return, and the credit carryover to future years. For more
information, see General Information Z, Passive Activity Loss Limitation;
AA, Passive Activity Credits; and BB, Tax Credits; included in this booklet.
The amount entered in column (a) must be limited to 1/3 the amount of
the total credit generated, per credit.

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Schedule C (100S) 2021