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SCHEDULE BC (FORM 20C) *230008BC* Reset Form Alabama Department of Revenue 2023 Business Credits ATTACH TO FORM 20C *Business Credits must be submitted through My Alabama Taxes (MAT) before completion of the Schedule BC. See instructions for submission details. NAME(S) AS SHOWN ON FORM 20C FEDERAL EMPLOYER IDENTIFICATION NUMBER SECTION A Current Tax Period Liability. Enter tax due from Form 20C, page 1, line 17 here and on Section C, Part A, Column 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SECTION B CURRENT YEAR CREDITS Part A — Alabama Enterprise Zone Act Credit A1 CREDIT ALLOWABLE. Enter the amount of the Alabama Enterprise Zone credit available. Enter here and on Section C, Part A, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . A1 Part B — Basic Skills Education Credit. YOU MUST ATTACH YOUR APPROVED CERTIFICATION NOTICE ISSUED BY THE ALABAMA DEPARTMENT OF EDUCATION. B1 Enter your assigned Department of Education Certification Number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B1 • B2 Name of employer/firm sponsoring the education program B3 Name of approved provider Address of approved provider B4 Were all participants for whom you are claiming a tax credit continuously employed by you for at least 16 weeks? . • Yes • No B5 If the answer to line B4 is yes, did employee(s) work at least 24 hours each week?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Yes • No B6 If the answer to lines B4 and B5 above are yes, enter the total expenses available for credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . B6 • B7 CREDIT ALLOWABLE. Multiply line B6 by 20% (.20). Enter here and on Section C, Part B, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B7 Part C — Coal Credit* C1 Number of tons of coal produced in current year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C1 • C2 Number of tons of coal produced in calendar year 1994 or base year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C2 • C3 Subtract line C2 from line C1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C3 • C4 Multiply line C3 by $1, if greater than zero . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C4 • C5 Pro rata share of credit from Schedule K-1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C5 • FEIN of entity •_____________________ (if credit from more than one entity, attach schedule) C6 CREDIT ALLOWABLE. Add lines C4 and C5. Enter here and on Section C, Part C, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C6 Part D — Full Employment Act of 2011 Credit* Were you in business with 50 or fewer full and/or part-time employees on June 9, 2011? • Yes • No If “No”, you do not qualify for this credit. D1 Number of full time employees on 12-31-2022 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D1 • D2 Number of full time employees on 12-31-2021 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D2 • D3 Subtract line D2 from line D1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D3 • D4 Number of qualifying new employees from line D3 that completed their first 12 months service in 2023 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D4 • D5 CREDIT ALLOWABLE. Multiply line D4 by $1,000. Enter here and on Section C, Part D, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . D5 Part E — Veterans Employment Act - Employer Credit* E1 Number of unemployed veterans included in Section B, Part D, line D4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E1 • E2 CREDIT ALLOWABLE. Multiply line E1 by $2,000. Enter here and on Section C, Part E, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E2 Part F — Veterans Employment Act - Business Start-up Expenses Credit* Did this business start up after April 2, 2012? • Yes • No If “No”, you do not qualify for this credit. F1 Name F2 Enter your business ID number . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2 • F3 Enter total amount of business start-up expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3 • $2,000 F4 Maximum credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F4 F5 CREDIT ALLOWABLE. Enter the lesser of line F3 or line F4. Enter here and on Section C, Part F, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F5 • • • • • • • ADOR *230009BC* ALABAMA SCHEDULE BC – 2023 NAME(S) AS SHOWN ON FORM 20C Part G1 G2 G3 G4 G5 G6 G7 G8 G9 Part H1 Alabama Department of Revenue Business Credits ATTACH TO FORM 20C PAGE 2 FEDERAL EMPLOYER IDENTIFICATION NUMBER G — Qualified Irrigation System/Reservoir System Tax Credit* Purchase cost and installation costs of irrigation system. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G1 • Conversion costs to convert from fuel to electricity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G2 • Add lines G1 and G2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G3 • Multiply line G3 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G4 • Cost of construction reservoir . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G5 • Multiply line G5 by 20% (.20) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G6 • Enter the amount from line G4 or G6 here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G7 • $10,000 Maximum Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G8 CREDIT ALLOWABLE. Enter the lesser of line G7 or G8. Enter here and on Section C, Part G, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . G9 • H — Alabama Accountability Act Credit* • Name of Scholarship Granting Organization: H2 Address of Scholarship Granting Organization: H3 CREDIT ALLOWABLE. Enter the amount contributed for scholarship(s) here and Section C, Part H, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . H3 • Part I — 2013 Alabama Historic Rehabilitation Tax Credit * I1 Enter the information from the Tax Credit Certificate for each project. Project Number: Date Placed In Service: Amount of Credit: • • I1a. • • • I1b. • • • I1c. • I2 CREDIT ALLOWABLE. Total 2013 Alabama Historic Rehabilitation Tax Credit. Enter the sum of all project credits. Enter here and on Section C, Part I, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I2 • ADOR *230010BC* Alabama Department of Revenue Business Credits ATTACH TO FORM 20C ALABAMA SCHEDULE BC – 2023 NAME(S) AS SHOWN ON FORM 20C PAGE FEDERAL EMPLOYER IDENTIFICATION NUMBER Part J1 J2 J3 J4 J5 J6 J7 J — Career - Technical Dual Enrollment Credit Enter amount from the Department of Postsecondary Education Tax Certificate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J1 • Multiply line J1 by 50% (.50). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J2 • Multiply the current tax liability (Section A) by 50% (.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J3 • $500,000 Maximum Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J4 CREDIT AVAILABLE. Enter the lesser of J2 or J3 here and on Section C, Part J, Column 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J5 • CREDIT ALLOWABLE. Enter the lesser of line J2, J3 or line J4. Enter here and on Section C, Part J, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J6 • MAXIMUM CREDIT ALLOWABLE FOR PRIOR YEAR CREDIT CARRYFORWARD. Subtract line J6 from line J3. Enter here and line J8a, column 3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J7 • J8 Calculation of Allowable Prior Year Credit Carryforward - enter here and on Section D. If Part J, line J7 is equal to zero, do not complete this section. Column 1 Credit Year J8a J8b J8c J8d 3 Column 2 Column 3 Column 4 Column 5 Credit Carryforward Available Credit Limitation (Line J8a, Col. 3 equals line J7. Lines J8b and J8c, Col. 3 equal Col. 5, prior row) Maximum Credit Carryforward Available this Year (lesser of Col. 2 or Col. 3) Unused Credit Limitation (Col. 3 minus Col. 4) • • • Maximum Credit Carryforward Available. Sum of Column 4, line J8a, J8b, and J8c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . J8d • Part K — Investment Credit (Alabama Jobs Act)* K1 Enter the information requested for each project. Project Number: Amount of Credit: K1a • K1a. • K1b • K1b. • K1c • K1c. • K2 CREDIT ALLOWABLE. Total Alabama Jobs Act Investment Credits. Enter the sum of all project credits. Enter here and on Section C, Part K, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . K2 • Part L — Port Credit L1 CREDIT ALLOWABLE. Enter the amount certified by the Department of Commerce. Enter here and on Section C, Part L, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . L1 • ADOR *230011BC* Alabama Department of Revenue Business Credits ATTACH TO FORM 20C ALABAMA SCHEDULE BC – 2023 PAGE NAME(S) AS SHOWN ON FORM 20C 4 FEDERAL EMPLOYER IDENTIFICATION NUMBER Part M — Growing Alabama Credit* M1 Name of Economic Development Organization • M2 Pro rata share of credit from Schedule K-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M2 • FEIN of entity •_____________________ (if credit from more than one entity, attach schedule) M3 Amount approved for contribution. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M3 • M4 CREDIT AVAILABLE. Add line M2 and line M3. Enter here and on Section C, Part M, Column 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M4 • M5 MAXIMUM CREDIT ALLOWABLE. Multiply the current tax liability (Section A) by 50% (.50). Enter here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M5 • M6 CREDIT ALLOWABLE. Total Growing Alabama Credit. Enter the lesser of line M4 and line M5. Enter here and Section C, Part M, Column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . M6 • M7 MAXIMUM CREDIT ALLOWABLE FOR PRIOR YEAR CREDIT CARRYFORWARD. Subtract line M6 from line M5. Enter here and line M8a, column 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M7 • M8 Calculation of Allowable Prior Year Credit Carryforward - enter here and on Section D. If Part M, line M7 is equal to zero, do not complete this section M8a M8b M8c M8d M8e M8f Part N1 Part O1 O2 Part P1a P1b P2 Column 1 Column 2 Column 3 Column 4 Column 5 Credit Year Credit Carryforward Available Credit Limitation (Line M8a, Col. 3 equals line M7. Lines M8b, M8c, M8d, and M8e, Col. 3 equal Col. 5, prior row) Maximum Credit Carryforward Available this Year (lesser of Col. 2 or Col. 3) Unused Credit Limitation (Col. 3 minus Col. 4) • • • • • Maximum Credit Carryforward Available. Sum of Column 4, line M8a, M8b, M8c, M8d, and M8e. .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M8f • N — Apprenticeship Tax Credit* N1 • CREDIT ALLOWABLE. Enter the amount from the Apprenticeship Tax Credit Certificate. Enter here and on Section C, Part N, Column 3 O — 2017 Alabama Historic Rehabilitation Tax Credit* Enter the information from the tax credit certificate for each project. Project Number: Date Placed In Service: Amount of Credit: • O1a. • • • O1b. • • • O1c. • • CREDIT ALLOWABLE. Total 2017 Alabama Historic Rehabilitation Tax Credits. Enter the sum of all project credits. Enter here and on Section C, Part O, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . O2 • P — Railroad Modernization • Received Certificate • Received Transfer Credit Certificate (Refundable credit is not allowed) CREDIT ALLOWABLE. Enter the amount of credit as reported on your certificates Enter here and on Section C, Part P, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . P2 • ADOR *230012BC* ALABAMA SCHEDULE BC – 2023 NAME(S) AS SHOWN ON FORM 20C Alabama Department of Revenue Business Credits ATTACH TO FORM 20C PAGE 5 FEDERAL EMPLOYER IDENTIFICATION NUMBER Part Q — Innovate Alabama Tax Credit Q1 Name of Economic Development Organization • Q2 Pro rata share of credit from Schedule K-1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q2 • FEIN of entity •_____________________ (if credit from more than one entity, attach schedule) Q3 Enter the amount approved by Innovate Alabama . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q3 • Q4 CREDIT AVAILABLE. Add line Q2 and line Q3. Enter here and on Section C, Part Q, Column 2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q4 • Q5 MAXIMUM CREDIT ALLOWABLE. Multiply the current tax liability (Section A) by 50% (.50). Enter here . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q5 • Q6 CREDIT ALLOWABLE. Total Innovate Alabama Credit. Enter the lesser of line Q4 or line Q5. Enter here and Section C, Part Q, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Q6 • Part R — Income Tax Capital Credit - Form AR-C must be filed on MAT. See Instructions * Check the box if the corporation received a Form KRCC and completed a Schedule KRCC-B: • KRCC received (must attach Form KRCC) • KRCC-B completed (must attach Schedule KRCC-B) R1 Enter the information requested for each project. Project Number: Amount of Credit: R1a. • • R1b. • • R1c. • • R1d. • • R1e. • • R1f. • • R1g. • • R2 CREDIT ALLOWABLE. Total Capital Dock or Capital Credit Available. Enter the sum of all project credits. Enter here and on Section C, Part R, Column 3. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . R2 • ADOR *230013BC* Alabama Department of Revenue Business Credits ATTACH TO FORM 20C ALABAMA SCHEDULE BC – 2023 NAME(S) AS SHOWN ON FORM 20C PAGE 6 FEDERAL EMPLOYER IDENTIFICATION NUMBER SECTION C Current Credit Summary Enter the Current Tax Period Liability due on Part A, Column 4 of the Current Credit Summary. To calculate the Current Credit Summary, repeat the steps that follow for each row: In Column 2, enter the Credit Available from Section B for the applicable credits. In Column 3, enter the Credit Allowable from Section B. Subtract the Credit Allowable from the Remaining Tax to be Offset. If the Credit Allowable is greater than the Remaining Tax to be Offset, enter the amount from Column 4 in Column 5 and the excess amount of the Credit Allowable in Column 7. If the Remaining Tax to be Offset is greater than Column 3, enter the Credit Allowable (Column 3) in Column 5 and enter the difference of Column 4 and Column 5 in Column 6 and proceed to the next available credit. For the remaining rows, use the preceding Tax Remaining after Credit from Column 6 as the Remaining Tax to be Offset in Column 4. To compute the Credit Carryforward (Column 8) in the Current Credit Summary, for each credit listed, subtract any Credit Allowable (Column 3) from the Credit Available (Column 2) and add the difference to the Excess Credit Allowable from Column 7. Column 1 Type of Credit Column 2 Credit Available Column 3 Column 4 Credit Allowable Remaining Tax to be Offset Column 5 Column 6 Column 7 Column 8 Amount Utilized Tax Remaining after Credit (Col. 4 – Col. 5) Excess Credit Allowable (Col. 3 – Col. 5) Credit Carryforward Part A • Part B • Part C • Part D • Part E • Part F • Part G • Alabama Enterprise Zone Basic Skills Education Coal Credit Full Employment Act Veterans Employment Act – Employer Credit Veterans Employment Act – Start-up Expenses Qualified Irrigation System/Reservoir System Tax Credit Part H • Alabama Accountability Act Part I • 2013 Alabama Historic Rehabilitation Tax Credit Career - Technical Dual Enrollment Credit Investment Credit (Alabama Jobs Act) Port Credit Growing Alabama Credit Apprenticeship Tax Credit 2017 Alabama Historic Rehabilitation Tax Credit Part P • Railroad Modernization Act of 2019 Part Q • Innovate Alabama Tax Credit Part R • Income Tax Capital Credit Part J • Part K • Part L • Part M • Part N • Part O • Total Current Credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • ADOR *230014BC* Alabama Department of Revenue Business Credits ATTACH TO FORM 20C ALABAMA SCHEDULE BC – 2023 NAME(S) AS SHOWN ON FORM 20C PAGE 7 FEDERAL EMPLOYER IDENTIFICATION NUMBER SECTION D Credit Carry Forward Prior Years For each carryforward available for utilization listed below, repeat the steps that follow: Subtract the Remaining Tax to be Offset (Section C, Column 7) from the Allowable Credit Carryforward to use this Period (Section D, Column 6). If the Remaining Tax to be Offset is less than or equal to the Allowable Credit Carryforward, enter the Remaining Tax to be Offset in Column 7 and enter the excess of the Amount Available to use this Period in Column 8. If the Remaining Tax to be Offset is greater than Section D, Column 6, enter the Allowable Credit Carryforward in Column 7 and enter the difference of the Remaining Tax to be Offset and the Amount used this Period in Column 9, then proceed to the next available prior year credit. For the remaining rows, the Amount used this Period in Column 7 is limited to the Remaining Tax to be Offset in Column 9 of the preceding row. *For the Career - Technical Dual Enrollment Credit and Growing Alabama Credit carryforward computation, the Allowable Credit Carryforward in Column 6 is limited to the Maximum Credit Carryforward Available This Year in Column 4 of Section B, Part J, line J8 and Section B, Part M, line M8. All other credits, Column 6 equals Column 5. Column 1 Column 2 Type of Credit Year Carryforward Generated (MM/DD/YYY) Column 3 Amount of Credit Column 4 Amount used in years prior to this Period Column 5 Amount available to use this Period (Col. 3- Col. 4) Column 6 *Allowable Credit Carryforward Column 7 *Amount used this Period Column 8 Column 9 Remaining unused Credit Carryforward (Col. 5 - Col. 7) Remaining Tax to be Offset 1. • 2. • 3. • 4. • 5. • 6. • 7. • 8. • 9. • 10. • Total Prior Year Credit Carryforward . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • SECTION E TOTAL NONREFUNDABLE CREDITS E1 Current Year Credits. Total Current Credits, Section C, Column 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E1 • E2 Prior Year Credits. Total Prior Year Credit Carry Forward, Section D, Column 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E2 • E3 Total Credits Utilized in the Current Period. Add lines E1 and E2. Enter the results here and on Form 20C, page 1, line 18. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E3 • SECTION F TOTAL REFUNDABLE CREDITS F1 2017 Alabama Historic Rehabilitation Tax Refundable Credit. Enter amount from Section C, Part O, Column 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F1 • F2 Railroad Modernization Act of 2019 Refundable Credit. If Section B, Part P, Line P1a is checked, enter amount from Section C, Part P, Column 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F2 • F3 Total Refundable Credits. Add lines F1 and F2. Enter the results here and on Form 20C, page 1, line 20f. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F3 • ADOR
Schedule BC
More about the Alabama Schedule BC Corporate Income Tax Tax Credit TY 2023
We last updated the Business Credits in February 2024, so this is the latest version of Schedule BC, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule BC directly from TaxFormFinder. You can print other Alabama tax forms here.
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TaxFormFinder has an additional 47 Alabama income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form PTE-V (Obsolete) | Pass Through Entities Payment Voucher |
| Schedule D | Net Profit or Loss (Form 41) |
| Form 65 | Partnership / Limited Liability Company Return of Income |
| Schedule K-1 (Form 20S) | Pass Through Shareholder’s Share of Income, Deductions, Credits, etc. (Form 20S) |
| Schedule K1 (Form 65) | Partnership Owner’s Share of Income, Deductions, Credits, etc (Form 65 K-1) |
View all 48 Alabama Income Tax Forms
Form Sources:
Alabama usually releases forms for the current tax year between January and April. We last updated Alabama Schedule BC from the Department of Revenue in February 2024.
Schedule BC is an Alabama 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 Alabama Schedule BC
We have a total of eleven past-year versions of Schedule BC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2014 Schedule BC
#10 Comm. Office
2013 Schedule BC
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