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IT-212 (2020) (back)
Part 3 – Investments in qualified property (see instructions)
A – Description of property B – Principal C – Date D – E – Investment F – Investment credit G – Investment
(list each asset and submit use of property acquired Useful credit base for manufacturing and credit for research
a schedule if needed) life in production, retail and development
years enterprise, waste treatment, property
and pollution control (column E × 7% (.07))
property
(column E × 4% (.04))
22 .00 .00 .00
.00 .00 .00
.00 .00 .00
.00 .00 .00
23 Enter amount from Form IT-212-ATT, line 11 .................................................................. 23 .00
24 Enter amount from Form IT-212-ATT, line 19, column C ................................................ 24 .00
25 Total investment credit (add amounts in columns F and G) ................................................. 25 .00 .00
Individuals: Enter the line 25, column F amount on line 1. Enter the line 25, column G amount on line 2.
Fiduciaries: Enter the line 25, column F amount on line 1 and on the Total line of Part 5, column C.
Enter the line 25, column G amount on line 2 and on the Total line of Part 5, column D.
Partnerships: See instructions.
Part 4 – Early dispositions of qualified property and addback of credit on early dispositions (see instructions)
A – Description of property B – Date C – Date D – Life E – F – Percentage G – Total investment credit H – Addback of credit on
(list each asset and acquired property ceased (months) Unused life (E ÷ D) allowed (see instructions) early dispositions
submit a schedule if needed) to qualify (months) (F × G)
26 .00 .00
.00 .00
.00 .00
.00 .00
27 Enter amount from Form IT-212-ATT, line 12 .................................................................................... 27 .00
28 Total (add lines 26 and 27, column H, and enter total here) ................................................................... 28 .00
29 Interest 29 rate .......................................................................................................................................
30 Multiply line 28 by line 29 .................................................................................................................. 30 .00
31 Total addback of credit on early dispositions (add amounts on lines 28 and 30) .................................... 31 .00
Fiduciaries: Enter the line 31 amount on line 20.
All others: Enter the line 31 amount on line 16.
Part 5 – Beneficiary’s and fiduciary’s share of investment credit and addback of credit on early dispositions
A – Beneficiary’s name B – Identifying number C – Share of investment D – Share of investment E – Share of addback of
(same as in Form IT-205, credit for manufacturing credit for research credit on early dispositions
Schedule C) and production, retail and development
enterprise, waste treatment, property
and pollution control property
Total .00 .00 .00
.00 .00 .00
.00 .00 .00
.00 .00 .00
Fiduciary .00 .00 .00
Part 6 – Application of credit and computation of refund and carryover (see instructions)
32a Total credit (from line 15a) ............................................................................................................. 32a .00
32b Tax due before credits ................................................................................................................ 32b .00
33 Credits that you applied before this credit .................................................................................. 33 .00
34 Net tax (subtract line 33 from line 32b) ............................................................................................ 34 .00
35 Amount of credit used for the current tax year .................................................................................... 35 .00
36 Amount of credit available for refund or carryover to next year (subtract line 35 from line 32a) ...... 36 .00
37 Amount of credit to be refunded ................................................................................................. 37 .00
38 Amount of credit available for carryover to next year (subtract line 37 from line 36) ...................... 38 .00
39 Unused expired tax credits (see instructions)
Enter the earliest year (yyyy) of unused credit carryover included in the carryforward ... 39 .00
40 Amount of credit to be carried over to next year (subtract line 39 from line 38) .............................. 40 .00
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