Tennessee Rural Opportunity Fund - Certificate of Contribution for Tax Credit

Rural Opportunity Fund - Certificate of Contribution for Tax Credit
Rural Opportunity Fund and Small Business Opportunity Fund Certificate of Contribution for Tax CreditTENNESSEE DEPARTMENT OF REVENUE

RV-F1319401 (5/18)

Rural Opportunity Fund and Small Business Opportunity Fund
Certificate of Contribution for Tax Credit

Part 1 - Business and Contribution Information (completed by contributor)
Name of Financial Institution
Business Mailing Address
Contact Person and Title

Telephone Number

Name of Parent Company (if applicable)
Tennessee Franchise and Excise Number
Tax Year (check one)

Calendar Year

Applicable Fund (check one)

Fiscal Year: from

Rural Opportunity Fund

to
Small Business Opportunity Fund

Qualified Contribution $
By

Date Approved

Signature

Print Name and Title

Date

Part 2 - Southeast Community Capital Certification (completed by SCC)
Amount of Eligible Contribution
Approved By

Signature

Print Name and Title

Date

Part 3 - Department of Revenue Certification (completed by Revenue)
Annual Amount of Credit
Approved By

Signature

Print Name and Title

Date

Tenn. Code Ann. § 67-4-2109(l) provides a credit for financial institutions that contribute to
the Tennessee rural opportunity fund or the Tennessee small business opportunity fund.
The credit is 10% of the contribution amount and can be taken each year for 10 years,
beginning with the year the contribution was made.
Financial institutions will qualify for this credit only upon contributing to one of the two
funds mentioned above, which are both administered by Southeast Community Capital
Corporation (d/b/a Pathway Lending). For more information about making a contribution,
please contact Pathway Lending at (615) 425-7171 or visit www.pathwaylending.org.

Part 1 – to be completed by financial institution contributing funds
• Enter the financial institution’s general business information.
• Indicate whether the contribution was to the rural opportunity fund or the small
business opportunity fund.
• Provide the amount of the qualified contribution and the date it was approved.
• This part should be signed by an officer of the financial institution.
• Submit the form to Pathway Lending for certification of contribution at: Pathway Lending,
201 Venture Circle, Nashville, TN 37228.
Part 2 – to be completed by SCC (Pathway Lending)
• Include the amount of the approved eligible contribution and sign and date.
• Submit the form to Department of Revenue for approval and calculation of tax credit at:
Tennessee Department of Revenue, P.O. Box 190644, Nashville, TN 37219-0644.
Part 3 – to be completed by Tennessee Department of Revenue
• Upon approval and calculation of the tax credit, the Department will send a letter to the
taxpayer confirming the taxpayer’s eligibility for the tax credit.

Extracted from PDF file 2023-tennessee-form-fae-ruralcredit.pdf, last modified May 2018

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More about the Tennessee Form FAE-RuralCredit Corporate Income Tax Tax Credit TY 2023

Rural Opportunity Fund - Certificate of Contribution for Tax Credit

We last updated the Rural Opportunity Fund - Certificate of Contribution for Tax Credit in February 2024, so this is the latest version of Form FAE-RuralCredit, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form FAE-RuralCredit directly from TaxFormFinder. You can print other Tennessee tax forms here.

Other Tennessee Corporate Income Tax Forms:

TaxFormFinder has an additional 65 Tennessee income tax forms that you may need, plus all federal income tax forms.

Form Code	Form Name
Form FAE-Disc	Franchise and Excise Tax Exempt Entity Disclosure of Activity
Form BUS415-3	County Business Tax Return - Classification 3
Form FAE-170	Franchise and Excise Tax Return Kit
FAE-Schd-X	Schedule X - Franchise Tax Jobs Credit Computation Tax Credit
Form FAE-Exempt	Application for Exemption

Download all TN tax forms View all 66 Tennessee Income Tax Forms

Form Sources:

Tennessee usually releases forms for the current tax year between January and April. We last updated Tennessee Form FAE-RuralCredit from the Department of Revenue in February 2024.

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Form FAE-RuralCredit is a Tennessee 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 Tennessee Form FAE-RuralCredit

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

2023 Form FAE-RuralCredit