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Pennsylvania Free Printable PA Schedule OC - Other Credits (PA-40/PA-41 OC) for 2020 Pennsylvania PA Schedule OC - Other Credits

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PA Schedule OC - Other Credits
PA Schedule OC - Other Credits (PA-40/PA-41 OC)

PA SCHEDULE OC 1903010054 Other Credits PA-40/PA-41 OC (EX) 08-19 (FI) PA Department of Revenue START 20___ OFFICIAL USE ONLY Name of the individual or fiduciary claiming the credit(s). Identification Number ➜ If you received more than one type of other (restricted) credit as an owner of a pass-through entity, that entity should have provided you with a breakdown by credit type of the amounts of credits you are eligible to claim. Enter the amount from the breakdown statement on the appropriate lines of this schedule. If all tax credits listed on this schedule are passed through to you from pass-through entities and the amount on that schedule does not include a resident credit from another state, the total on Line 21 should equal the sum of the amounts of Total Other Credits from Line 9 of your RK-1(s) or Line 7 of your NRK-1(s). Credit Description Code Awardee Tax ID Number 1. PA Employment Incentive Payments Credit. . . . . . . . . . . . . . . . . 1. 2. PA Job Creation Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2. 3. PA Research and Development Tax Credit. . . . . . . . . . . . . . . . . 3. 4. PA Film Production Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . 4. 5. PA Keystone Innovation Zone Tax Credit . . . . . . . . . . . . . . . . . . 5. 6. PA Resource Enhancement and Protection Tax Credit . . . . . . . . 6. 7. PA Neighborhood Assistance Program Tax Credit . . . . . . . . . . . 7. 8. PA Educational Improvement Tax Credit . . . . . . . . . . . . . . . . . . . 8. 9. PA Opportunity Scholarship Tax Credit . . . . . . . . . . . . . . . . . . . . 9. 10. Keystone Special Development Zone Tax Credit . . . . . . . . . . . . 10. 11. Historic Preservation Incentive Tax Credit . . . . . . . . . . . . . . . . . . 11. 12. PA Organ and Bone Marrow Donor Tax Credit . . . . . . . . . . . . . . 12. 13. PA Coal Refuse Energy and Reclamation Tax Credit . . . . . . . . . 13. 14. Mixed-Use Development Tax Credit . . . . . . . . . . . . . . . . . . . . . . 14. 15. Entertainment Economic Enhancement Program Tax Credit . . . 15. 16. Video Game Production Tax Credit . . . . . . . . . . . . . . . . . . . . . . . 16. 17. Waterfront Development Tax Credit . . . . . . . . . . . . . . . . . . . . . . . 17. 18. Manufacturing and Investment Tax Credit . . . . . . . . . . . . . . . . . . 18. 19. PA Resource Manufacturing Tax Credit . . . . . . . . . . . . . . . . . . . . 19. 20. Other restricted credits not listed above. Enter type: 20. . 21. Total PA Other Credits. Add Lines 1 through 20. Enter the total here and on Line 23 of Form PA-40 or Line 16 of Form PA-41. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1903010054 Reset Entire Form TOP OF PAGE 0.00 21. 1903010054 NEXT PAGE PRINT Pennsylvania Department of Revenue Instructions for PA-40/PA-41 Schedule OC Other Credits PA-40/PA-41 OC IN (EX) 08-19 WHAT’S NEW Per Act 13 of 2019, the PA Resource Enhancement and Protection (REAP) Tax Credit may now be claimed on a PA-40, Personal Income Tax return, using the Married, Filing Jointly, filing status. In addition, a REAP Tax Credit earned by the taxpayer may offset the tax liability of the spouse and vice versa. Per Act 16 of 2019, Educational Improvement Tax Credits and Opportunity Scholarship Tax Credits passed through to Qualified Subchapter S Trusts (QSSTs) may now be passed through to the beneficiary of the QSST. GENERAL INFORMATION Joint Filing of Returns Information: A taxpayer and/or spouse claiming the PA REAP Tax Credit on Line 6, the PA Educational Improvement Tax Credit on Line 8 or the PA Opportunity Scholarship Tax Credit on Line 9 may file a joint PA-40 return if one or both are claiming any one or each of these three tax credits. In addition, the tax credits for Lines 6, 8 and 9 earned by the taxpayer may offset the tax liability of the spouse and vice versa. IMPORTANT: A taxpayer and spouse must file separate PA-40 returns if one or both are claiming any of the tax credits on Lines 1 through 5, Line 7 and/or Lines 10 through 20 of this schedule. NOTE: To obtain additional information and detailed instructions regarding the other (restricted) credits claimed on this form,visit the department’s website at www.revenue.pa.gov. FORM INSTRUCTIONS If you apply for and are awarded credits listed on this schedule, enter the amount of each credit you are utilizing on the appropriate line. If you are a shareholder of a PA S corporation or a partner in a partnership, enter your share of each credit from your PA Schedule RK-1 or PA Schedule NRK-1. CREDIT DESCRIPTION CODES For each credit you are claiming, enter the Credit Description Code that applies to the credit. Choose from the following codes: • CY – for current year credits awarded directly to the taxpayer; • CO – for credits carried over from a prior year. If more than one code applies for any line, submit a statement to describe the credit or credits you are claiming on this schedule. Awardee Tax ID Number: If the business or farm that is awarded the credit reports its income on PA Schedule C or PA Schedule F, respectively, enter the SSN of the taxpayer who owns the business or farm in the Awardee Tax ID Number column. If the credit is a purchased or assigned credit, enter the seller’s EIN or SSN in the Awardee Tax ID Number column. If the credit was passed through from a passthrough entity, enter the EIN of the pass-through entity. If an Educational Improvement Tax Credit (EITC) or Opportunity Scholarship Tax Credit (OSTC) was passed through by a pass-through entity to another pass-through entity, enter the EIN of the original pass-through entity that received the credit before it was passed through by the next passthrough entity. If an EITC or OSTC was passed through by a QSST to the beneficiary of the QSST, the beneficiary should enter the EIN of the original pass-through entity that received the credit before it was passed through to the QSST. IMPORTANT: If you are claiming credits from a passthrough entity of which you are an owner, verify with the entity that it contacted the Bureau of Business Taxpayer Accounting, Account Maintenance Division (formerly known as the Bureau of Corporation Taxes, Accounting Division), to pass through the credit. Listing the amount of credit on the owner’s individual RK-1 or NRK-1 is not sufficient to pass through the credit. Contact information for the Bureau of Business Taxpayer Accounting, Account Maintenance Division is on the credit award letter. CAUTION: If you received an Out-of State Credit listed on Line 9, Other Credits, of PA Schedule RK-1, report that credit on PA-40 Schedule G-L, Resident Credit for Taxes Paid to Other States. See the instructions for PA40 Schedule G-L and PA-20S/PA-65 Schedule OC for additional information. LINE INSTRUCTIONS • PT – for credits received from pass-though entities; 1. PA Employment Incentive Payments Credit See Note 1 on the next page. • PA – for credits purchased from or assigned by another taxpayer; or 2. PA Job Creation Tax Credit See Note 2 on the next page. www.revenue.pa.gov PREVIOUS PAGE PA-40/PA-41 OC NEXT PAGE PRINT 1 3. PA Research and Development Tax Credit See Note 2 on the next page. 4. PA Film Production Tax Credit See Note 2 below. 5. PA Keystone Innovation Zone Tax Credit See Note 2 below. 6. PA Resource Enhancement and Protection Tax Credit See Note 2 below. 7. PA Neighborhood Assistance Program Tax Credit See Note 2 below. 8. PA Educational Improvement Tax Credit See Note 2 below. 9. PA Opportunity Scholarship Tax Credit See Note 2 below. 10. Keystone Special Development Zone Tax Credit See Note 2 below. 11. Historic Preservation Incentive Tax Credit See Note 2 below. 12. PA Organ and Bone Marrow Donor Tax Credit See Note 2 below. 13. PA Coal Refuse Energy and Reclamation Tax Credit See Note 2 below. 14. Mixed Use Development Tax Credit See Note 2 below. 15. Entertainment Economic Enhancement Program Tax Credit See Note 2 below. 16. Video Game Production Tax Credit See Note 2 below. 17. Waterfront Development Tax Credit See Note 2 below. 18. Manufacturing and Investment Tax Credit See Note 2 below. 19. PA Resource Manufacturing Tax Credit See Note 2 below. 20. Other restricted credits not listed above Restricted credits are tax credits which are included in PA legislation and must be applied for with specific PA agencies. If a restricted credit is not shown above, enter the type of credit in the space provided and the amount of credit received from the awarding PA government agency. 2 21. Total PA Other Credits Add Lines 1 through 20. Enter the total here and on Line 23 of Form PA-40 or Line 16 of Form PA-41. NOTE 1: If you have a previously awarded credit that was unused and carried forward, enter the amount of credit you are utilizing in the current tax year. Submit a completed Schedule W with all required supporting documents. NOTE 2: Enter the amount of the credit you are utilizing that was: • Awarded directly to you by the PA Department of Community and Economic Development and/or PA Department of Revenue; • Passed through to you by a pass-through entity (PA S corporation, partnership or limited liability company) that was included on Line 9 of PA Schedule RK-1 or Line 7 of PA Schedule NRK-1; or • Purchased from, or assigned to you by, another taxpayer. IMPORTANT: If utilizing a credit awarded directly to you, you must include a copy of the award certification letter. If utilizing a credit passed through to you by a pass-through entity, a copy of Pages 1 and 2 of the award letter must be sent to the Bureau of Business Taxpayer Accounting, Account Maintenance Division, by the pass-through entity prior to the filing of the pass-through entity return. If utilizing a credit purchased from, or assigned to you by, another taxpayer, you must include copies of the documentation you received with respect to that purchase or assignment that supports the transfer of the credit to you. If utilizing a credit that was awarded to you in a previous tax year that was carried forward because it was not utilized, you must submit documentation of the original award and a statement showing the amounts utilized in prior tax years. NOTE: A copy of the pass-through entity awardee documentation provided to the Bureau of Business Taxpayer Accounting, Account Maintenance Division may also be requested by the Bureau of Individual Taxes. To enable more timely processing of your return, you may wish to also provide the same documentation with your individual, estate or trust return and the returns of all other pass-through entity owners claiming the credit(s). Social Security numbers on the documentation should be redacted to the last four digits of the SSN if the information is provided to more than one pass-through entity owner. PA-40/PA-41 OC PREVIOUS PAGE www.revenue.pa.gov RETURN TO FORM PRINT
Extracted from PDF file 2019-pennsylvania-form-pa-40-oc.pdf, last modified November 2011

More about the Pennsylvania Form PA-40 OC Individual Income Tax Tax Credit TY 2019

This schedule needs to be filed along with your income taxes if you qualify for and wish to request any of the following credits: Employment Incentive Payments, Job Creation, Research and Development, Film Production, Organ and Bone Marrow Donor, Keyston

We last updated the PA Schedule OC - Other Credits in February 2020, so this is the latest version of Form PA-40 OC, fully updated for tax year 2019. You can download or print current or past-year PDFs of Form PA-40 OC directly from TaxFormFinder. You can print other Pennsylvania tax forms here.

Related Pennsylvania Individual Income Tax Forms:

TaxFormFinder has an additional 174 Pennsylvania income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Pennsylvania Form PA-40 OC.

Form Code Form Name
Form PA-40 Pennsylvania Income Tax Return
Form PA-40 PA-V PA-40 Payment Voucher
PA-40 Income Tax Return
Form PA-40 W-2S PA Schedule W-2S - Wage Statement Summary
Form PA-40 A PA Schedule A - Interest Income
Form PA-40 SP PA Schedule SP - Special Tax Forgiveness
Form PA-40 B PA Schedule B - Dividend Income
Form PA-40 UE PA Schedule UE - Allowable Employee Business Expenses
Form PA-40 C PA Schedule C - Profit or Loss From Business or Profession
Form PA-40 T PA Schedule T - Gambling and Lottery Winnings

Download all PA tax forms View all 175 Pennsylvania Income Tax Forms


Form Sources:

Pennsylvania usually releases forms for the current tax year between January and April. We last updated Pennsylvania Form PA-40 OC from the Department of Revenue in February 2020.

Show Sources >

Form PA-40 OC is a Pennsylvania Individual 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 Individual Income Tax

The IRS and most states collect a personal income tax, which is paid throughout the year via tax withholding or estimated income tax payments.

Most taxpayers are required to file a yearly income tax return in April to both the Internal Revenue Service and their state's revenue department, which will result in either a tax refund of excess withheld income or a tax payment if the withholding does not cover the taxpayer's entire liability. Every taxpayer's situation is different - please consult a CPA or licensed tax preparer to ensure that you are filing the correct tax forms!

Historical Past-Year Versions of Pennsylvania Form PA-40 OC

We have a total of nine past-year versions of Form PA-40 OC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2019 Form PA-40 OC

PA Schedule OC - Other Credits (PA-40/PA-41 OC)

2017 Form PA-40 OC

PA Schedule OC - Other Credits (PA-40-OC)

2016 Form PA-40 OC

PA Schedule OC - Other Credits (PA-40 OC)

Forms/Publications 2015 Form PA-40 OC

2015 PA Schedule OC - Other Credits (PA-40 OC)

Forms/Publications 2014 Form PA-40 OC

2014 PA Schedule OC - Other Credits (PA-40 OC)

2013 PA Schedule OC - Other Credits (PA-40 OC) 2013 Form PA-40 OC

2013 PA Schedule OC - Other Credits (PA-40 OC)

2012 PA Schedule OC - Other Credits (PA-40 OC) 2012 Form PA-40 OC

2012 PA Schedule OC - Other Credits (PA-40 OC)

2011 PA Schedule OC -Other Credits (PA-40 OC) 2011 Form PA-40 OC

2011 PA Schedule OC -Other Credits (PA-40 OC)


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