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R-620CNRi (7/15)
Instructions to nonrefundable Credits Reduction
Worksheet form R-620CnR for use with Forms
CIFT-620, IT-541 and R-6922
This worksheet has been created to reflect the reduction in certain income and corporation franchise tax credits according to Act 125 of the
2015 Regular Session of the Louisiana Legislature. The reductions are applicable when claimed on any return filed on or after July 1, 2015, but
before June 30, 2018 regardless of the taxable year the return relates. Please refer to Revenue Information Bulletin 015-018 for information
regarding amended returns and returns on extension. This worksheet should be used in completing your Corporation Income & Franchise tax,
Fiduciary Income tax and Composite Partnership return. Round all amounts to the nearest dollar.
All references to Schedule NRC apply to CIFT-620, IT-541 and R-6922 unless otherwise stated.
In the box labeled “Income Taxable Period Covered”, enter the tax year for 208 – Previously unemployed – R.S. 47:6004 provides a $750 credit
which you are completing this worksheet. per eligible employee for hiring a previously unemployed person who
The additional nonrefundable credits that were reduced by Act 125 are participates in the Family Independence Work Program in a newly created
referenced individually by a three-digit code. Enter the credit identifying full-time job. Enter calculated credit amount in Column 2. Multiply amount
code in Column 1, and the dollar amounts in the appropriate spaces in by 72 percent (.72). Enter result in Column 3 and on Schedule NRC of
Column 2 and 3 on Lines 1 through 7. Also enter the credit description, your tax return.
identifying code, and the dollar amount from Column 3 in the appropriate 210 – Recycling Credit – R.S. 47:6005 provides a credit for the purchase
spaces on Schedule NRC. of certain equipment or service contracts related to recycling. The credit
noTE: use only the codes referenced in the table on this worksheet. must be certified by the Louisiana Department of Environmental Quality
and a copy of the certification must be attached to the return. Enter credit
100 – Premium Tax – R.S. 47:227 provides a credit for premium amount in Column 2. Multiply amount by 72 percent (.72). Enter result in
taxes paid during the preceding 12 months by an insurance company Column 3 and on Schedule NRC of your tax return.
authorized to do business in Louisiana. Enter the premium tax credit in 212 – Basic Skills Training – R.S. 47:6009 provides a credit for
Column 2. Multiply the calculated credit by 72 percent (.72). Enter result employers who pay for training to bring employees’ reading, writing, or
in Column 3 and on Schedule NRC of your tax return. mathematical skills to at least the 12th grade level. The credit is limited to
120 – Bone marrow – R.S. 47:287.758 provides a credit to employers $250 per participating employee, not to exceed $30,000 for the tax year.
authorized to do business in the state who incur bone marrow donor Enter credit amount in Column 2. Multiply amount by 72 percent (.72).
expense by developing a bone marrow donation program, educating Enter result in Column 3 and on Schedule NRC of your tax return.
employees related to bone marrow donations, making payments to a 224 – new Jobs Credit – R.S. 47:34 and R.S. 47:287.749 provide a credit
health care provider for determining tissue types of potential donors, and to employers who establish or expand a business in the state. Prior to
paying wages to an employee for time related to tissue typing and bone ACT 125 reduction, the credit is limited to 50% of tax. Calculate credit
marrow donation. The amount of the credit allowed was 25 percent of the based on revised statue and enter amount in Column 2. Multiply amount
bone marrow donor expense paid or incurred by the employer during the by 72 percent (.72). Enter result in Column 3 and on Schedule NRC of
tax year prior to Act 125 reduction. Enter credit amount in the Column 2. your tax return.
Multiply calculated amount by 72 percent (.72). Enter result in Column 3
and on Schedule NRC of your tax return. 226 – Refund by utilities – R.S. 47:287.664 provide a credit for 100
140 – nonviolent offenders – R.S. 47:287.752 provides a credit for a percent of certain court ordered refunds made by utilities to its customers.
taxpayer who provides full-time employment to an individual who has Enter credit amount in Column 2. Multiply amount by 72 percent (.72).
been convicted of a first-time nonviolent offense, has completed a court- Enter result in Column 3 and on Schedule NRC of your tax return.
ordered program certified by the employee’s probation officer, and has 228 – Eligible Re-entrants – R.S. 47:287.748 provides a credit to a
worked 180 days. The credit is equal to $200 per qualifying employee taxpayer who employs an eligible re-entrant in Louisiana. The credit shall
prior to Act 125. In Column 2, enter credit amount. Multiply Column 2 by be one hundred fifty dollars per eligible re-entrant employed, but shall
72 percent (.72). Enter result in Column 3 and on Schedule NRC of your not exceed 50 percent of corporate income tax. Enter credit amount in
tax return. Column 2. Multiply amount by 72 percent (.72). Enter result in Column 3
150 – Qualified Playgrounds – R.S. 47:6008 provides a credit for and on Schedule NRC of your tax return.
donations to assist qualified playgrounds. The credit is for the lesser of 230 – neighborhood Assistance – R.S. 47:35 and R.S. 47:287.753
$1,000 or one-half of the value of the cash, equipment, goods, or services provide a credit for an entity engaged in the activities of providing
donated. Enter calculated credit amount in Column 2. Multiply Column 2 by neighborhood assistance, job training, and education for individuals,
72 percent (.72). Enter result in 3 and on Schedule NRC of your tax return. community services, or crime prevention in Louisiana. Prior to Act 125, the
155 – Debt Issuance – R.S. 47:6017 provides a credit for the filing fee credit is for up to 70 percent of the amount contributed for investment in
paid to the Louisiana State Bond Commission, which is incurred by an programs approved by the Commissioner of Administration, and the credit
economic development corporation in the preparation and issuance of shall not exceed $250,000 annually. Enter credit amount in Column 2.
bonds. Enter credit amount in Column 2. Multiply amount by 72 percent The credit is now limited to 50 percent of amount contributed and limited
(.72). Enter result in Column 3 and on Schedule NRC of your tax return. to $180,000 annually. Enter reduced calculated amount in Column 3 and
on Schedule NRC of your tax return.
175 – Donations of materials, Equipment, Advisors, Instructors – R.S. 232 – Cane River Heritage – R.S. 47:6026 provides a credit for a
47:6012 provides a credit for employers within the state for donations of heritage-based cottage industry located or to be located in the Cane River
the newest technology available in materials, equipment, or instructors Heritage Area Development Zone. The taxpayer must enter into a contract
to public training providers, secondary and postsecondary vocational- with the Louisiana Department of Culture, Recreation, and Tourism. Enter
technical schools, community colleges, or apprenticeship programs credit amount in Column 2. Multiply Column 2 by 72 percent (.72). Enter
registered with the Louisiana Workforce Commission to assist in the result in Column 3 and on Schedule NRC of your tax return.
development of training programs designed to meet industry needs. The
credit is for 50 percent of the value of the donated materials, equipment, 258 – LA Community Development Financial Institution (LCDFI) –
or services rendered by the instructor. When taken with other applicable R.S. 51:3085 et seq. provides a credit for certain investments in an LCDFI
credits, this credit cannot exceed 20 percent of the employer’s tax liability to encourage the expansion of businesses in economically distressed
for any taxable year. Enter calculated credit amount in Column 2. Multiply areas. Prior to ACT 125 reduction, the credit shall be calculated at 75
amount by 72 percent (.72). Enter result in Column 3 and on Schedule percent of investment. Enter calculated credit amount in Column 2.
NRC of your tax return. Under Act 125 reduction, the credit shall be calculated at 54 percent of
199 – other – Reserved for future credits. investment. Enter calculated credit in Column 3 and on Schedule NRC of
your tax return.
200 – Atchafalaya Trace – R.S. 25:1226.4 provides a credit to certain 299- other – Reserved for future credits.
heritage-based cottage industries that have entered into a contract
with the State Board of Commerce and Industry. Enter credit amount in
Column 2. Multiply amount by 80 percent (.80). Enter result in Column 3
and on Schedule NRC of your tax return.
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