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California Free Printable 2023 Form 3547 Donated Agricultural Products Transportation Credit for 2024 California Donated Agricultural Products Transportation Credit

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Donated Agricultural Products Transportation Credit
2023 Form 3547 Donated Agricultural Products Transportation Credit

TAXABLE YEAR 2023 Donated Agricultural Products Transportation Credit CALIFORNIA FORM 3547 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 1 Eligible transportation costs. See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 00 2 Current year credit. Multiply line 1 by 50% (.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 00 3 Pass-through Donated Agricultural Products Transportation Credit(s) from Schedule K-1 (100S, 541, 565, or 568). See instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 00 4 Total current year Donated Agricultural Products Transportation Credit. Add line 2 and line 3 . . . . . . . . . . . 4 00 5 Credit carryover from a prior year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 00 6 Total available Donated Agricultural Products Transportation Credit. Add line 4 and line 5 . . . . . . . . . . . . . . 6 00 7 a Credit claimed. Enter the amount of the credit claimed on the current year tax return. See instructions. (Do not include any assigned credit claimed on form FTB 3544, Part B) . . . . . . . . . . . . . . . . . . . . . . . . . . 7a 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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7b 00 00 8 Credit carryover available for future years. Add line 7a and line 7b, subtract the result from line 6. . . . . . . . 8 00 General Information C References in these instructions are to the Internal Revenue Code (IRC) as of January 1, 2015, and to the California Revenue and Taxation Code (R&TC). To qualify for this credit, you must be engaged in the business of processing, distributing, or selling agricultural products. You may claim the credit for eligible transportation costs paid or incurred in connection with the donation of any agricultural product to a nonprofit charitable organization. If two or more taxpayers share in the expenses eligible for the credit, each taxpayer shall be eligible to receive the tax credit in proportion to their respective share of the expenses paid or incurred. A Purpose Use form FTB 3547, Donated Agricultural Products Transportation Credit, to figure the amount of credit allowed for the transportation of agricultural products donated to nonprofit charitable organizations. Also, use this form to claim pass-through donated agricultural products transportation credits received from S corporations, estates, trusts, partnerships, or limited liability companies (LLCs) treated as partnerships. S corporations, estates, trusts, partnerships, and LLCs classified as partnerships should complete form FTB 3547 to figure the amount of credit to pass through to shareholders, beneficiaries, partners, or members. Attach this form to Form 100S, California S Corporation Franchise or Income Tax Return; Form 541, California Fiduciary Income Tax Return; Form 565, Partnership Return of Income; or Form 568, Limited Liability Company Return of Income. Show the pass-through credit for each shareholder, beneficiary, partner, or member on Schedule K-1 (100S, 541, 565, or 568), Share of Income, Deductions, Credits, etc. B Description You are allowed a credit of 50% of the eligible transportation costs paid or incurred in connection with the transportation of any donated agricultural products donated to nonprofit charitable organizations. For Privacy Notice, get FTB 1131 EN-SP. Qualifications Certification You must receive a certificate from the nonprofit charitable organization certifying that your agricultural product donation is in accordance with the provisions of the California Food and Agricultural Code. You should retain this certificate and provide a copy to Franchise Tax Board upon request. D Definitions Agricultural product – Any fowl, animal, vegetable or other stuff, product or article which is customary or proper food for human beings. Nonprofit charitable organization – A charitable organization that has exempt status under IRC Section 501(c)(3) or R&TC Section 23701d. Transportation costs – Reasonable transportation or travel expenses (including meals) incurred in performing services away from home for qualified organizations if no significant element of personal pleasure, recreation, or vacation is involved. You may include parking fees and tolls in the actual transportation costs; however, you may not include depreciation and insurance. You may determine eligible transportation costs in either of the following ways: ● $.14 (fourteen cents) per mile ● The actual transportation expenses 7371233 FTB 3547 2023 Side 1 E Limitations No credit will be allowed unless you have received a certificate from the donee nonprofit charitable organization certifying donation of the agricultural products. S corporations may claim only 1/3 of the credit against the 1.5% entity-level tax (3.5% for financial S corporations). The remaining 2/3 must be disregarded and may not be used as carryover. S corporations may pass through 100% of the credit to their shareholders. If a C corporation had unused credit carryovers when it elected S corporation status, the carryovers were reduced to 1/3 and transferred to the S corporation. The remaining 2/3 were disregarded. The allowable carryovers may be used to offset the 1.5% tax on net income in accordance with the respective carryover rules. These C corporation carryovers may not be passed through to shareholders. For more information, get Schedule C (100S), S Corporation Tax Credits. If a taxpayer owns an interest in a disregarded business entity [a single member limited liability company (SMLLC) not recognized by California, and for tax purposes is treated as a sole proprietorship owned by an individual or a branch owned by a corporation], the credit amount received from the disregarded entity that can be utilized is limited to the difference between the taxpayer’s regular tax figured with the income of the disregarded entity, and the taxpayer’s regular tax figured without the income of the disregarded entity. If the disregarded entity reports a loss, the taxpayer may not claim the credit this year but can carry over the credit amount received from the disregarded entity. For more information on SMLLC, get Form 568, Limited Liability Company Tax Booklet. This credit cannot reduce the minimum franchise tax (corporations and S corporations), annual tax (limited partnerships, limited liability partnerships, and LLCs classified as partnerships), the alternative minimum tax (corporations, exempt organizations, individuals, and fiduciaries), the built-in gains tax (S corporations), or the excess net passive income tax (S corporations). This credit cannot reduce regular tax below tentative minimum tax. Get Schedule P (100, 100W, 540, 540NR, or 541), Alternative Minimum Tax and Credit Limitations for more information. This credit is taken in lieu of any deduction otherwise allowable for the same eligible transportation costs. Any deduction allowed for these same costs must be reduced by the amount of credit figured for the current taxable year (the amount shown on line 4). This credit is not refundable. F Assignment of Credits Assigned Credits to Affiliated Corporations – Credit earned by members of a combined reporting group may be assigned to an affiliated corporation that is an eligible member of the same combined reporting group. A credit assigned may only be claimed by the affiliated corporation against its tax liability. For more information, get form FTB 3544, Assignment of Credit, or go to ftb.ca.gov and search for credit assignment. Page 2 FTB 3547 Instructions 2023 G Carryover If the available credit exceeds the current year tax liability, the unused credit may be carried over to succeeding years until exhausted. Apply the carryover to the earliest taxable year possible. In no event can this credit be carried back and applied against a prior year’s tax. Specific Line Instructions Line 1 – Eligible transportation costs Enter the eligible transportation costs paid or incurred in connection with the donated agricultural products for which you received certification from the donee nonprofit charitable organization. If two or more taxpayers share in the expenses eligible for the credit, each taxpayer shall be eligible to receive the tax credit in proportion to their respective share of the expenses paid or incurred. If you are determining your eligible transportation costs based on mileage, multiply the total miles connected with transporting the donated agricultural product by $.14 (fourteen cents). Otherwise, enter the actual transportation costs paid or incurred in connection with the donated agricultural products. Line 3 – Pass-through donated agricultural products transportation credit(s) If you received more than one pass-through credit from S corporations, estates, trusts, partnerships, or LLCs classified as partnerships, add the amounts and enter the total. Attach a schedule showing the names and identification numbers of the entities from which the credits were passed through to you. Line 7a – Credit claimed Do not include assigned credits claimed on form FTB 3544, Part B, List of Assigned Credit Received and/or Claimed by Assignee. This amount may be less than the amount on line 6 if your credit is limited by your tax liability. For more information, see General Information E, Limitations, and refer to the credit instructions in your tax booklet. Use credit code 204 when you claim this credit. Line 7b – Total credits assigned Corporations that assign credit to other corporations within the same combined reporting group must complete form FTB 3544, Part A, Election to Assign Credit Within Combined Reporting Group. Enter the total amount of credit assigned from form FTB 3544, Part A, column (g) on this line. Franchise Tax Board Privacy Notice on Collection Our privacy notice can be found in annual tax booklets or online. Go to ftb.ca.gov/privacy to learn about our privacy policy statement, or go to ftb.ca.gov/forms and search for 1131 to locate FTB 1131 EN-SP, Franchise Tax Board Privacy Notice on Collection – Aviso de Privacidad del Franchise Tax Board sobre la Recaudación. To request this notice by mail, call 800.338.0505 and enter form code 948 when instructed.
Extracted from PDF file 2023-california-form-3547.pdf, last modified October 2023

More about the California Form 3547 Corporate Income Tax Tax Credit TY 2023

We last updated the Donated Agricultural Products Transportation Credit in January 2024, so this is the latest version of Form 3547, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form 3547 directly from TaxFormFinder. You can print other California tax forms here.

Other California Corporate Income Tax Forms:

TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
3805-Z Booklet Enterprise Zone Business Booklet
Form 100-ES Corporation Estimated Tax
Form 541 Schedule K-1 Beneficiary's Share of Income, Deductions, Credits, etc.
Form 3539 (Corp) Payment for Automatic Extension for Corps and Exempt Orgs
Form 3537 (LLC) Payment for Automatic Extension for LLCs

Download all CA tax forms 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 3547 from the Franchise Tax Board in January 2024.

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Form 3547 is a California Corporate 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 Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of California Form 3547

We have a total of thirteen past-year versions of Form 3547 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form 3547

2023 Form 3547 Donated Agricultural Products Transportation Credit

2022 Form 3547

2022 California Form 3547 Donated Agricultural Products Transportation Credit

2021 Form 3547

2021 Form 3547 Donated Agricultural Products Transportation Credit

2020 Form 3547

2020 Form 3547 Donated Agricultural Products Transportation Credit

2019 Form 3547

2019 Form 3547 Donated Agricultural Products Transportation Credit

2018 Form 3547

2018 Form 3547 - Donated Agricultural Products Transportation Credit

2017 Form 3547

2017 Form 3547 - Donated Agricultural Products Transportation Credit

2016 Form 3547

2016 Form 3547 Donated Agricultural Products Transportation Credit

Donated Agricultural Products Transportation Credit 2015 Form 3547

2015 Form 3547 -- Donated Agricultural Products Transportation Credit

Donated Agricultural Products Transportation Credit 2014 Form 3547

2014 Form 3547 -- Donated Agricultural Products Transportation Credit

Donated Agricultural Products Transportation Credit 2013 Form 3547

2013 Form 3547 -- Donated Agricultural Products Transportation Credit

2012 Form 3547

2012 Form 3547

2011 California Form 3547 2011 Form 3547

2011 Form 3547 -- Donated Agricultural Products Transportation Credit


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