Tennessee Free Printable Franchise Excise Job Tax Credit for Hiring Persons with Disabilities Business Plan for 2017 Tennessee Franchise Excise Job Tax Credit for Hiring Persons with Disabilities Business Plan

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Franchise Excise Job Tax Credit for Hiring Persons with Disabilities Business Plan
Franchise Excise Job Tax Credit for Hiring Persons with Disabilities Business Plan

TENNESSEE DEPARTMENT OF REVENUE FRANCHISE AND EXCISE TAX JOB TAX CREDIT FOR HIRING PERSONS WITH DISABILITIES BUSINESS PLAN Taxpayer Name FEIN/Account Number Mailing Address City, State, Zip 1. Newly Created Tennessee Jobs Fiscal Year End Employee Name Social Security Number State Employment Incentive Program Full Time (Yes/No) Health Insurance Provided (Yes/No) 2. Tennessee Job Summary Employment Level Full Time Fiscal Year End Workers With Disabilities at Start of Fiscal Year Workers With Disabilities at End of Fiscal Year Net Increase in Qualified Jobs Part Time Total The statements made on this business plan are true to the best of my knowledge and belief. (Must be signed by the taxpayer.) SIGN HERE: Signature and Date Title Phone No. Control No. FOR DEPARTMENT OF REVENUE USE ONLY RV-F1319501 (Rev. 6-12) FRANCHISE AND EXCISE TAX JOB TAX CREDIT FOR HIRING PERSONS WITH DISABILITIES BUSINESS PLAN INSTRUCTIONS Who must file A taxpayer must file this business plan in order to qualify for the job tax credit for hiring persons with disabilities provided by Tenn. Code Ann. § 67-4-2109(f). When to file The business plan must be filed and approved before any job tax credit can be taken on the franchise and excise tax return. Completing the Business Plan Provide the complete legal name of the taxpayer, mailing address, FEIN, and franchise and excise tax account number. 1) Newly Created Tennessee Jobs Indicate the fiscal year in which the job was created. Fiscal Year End: The last day of the fiscal year in which the jobs were created (i.e., mm/dd/yyyy). Employee Name: The name of the disabled employee hired by the taxpayer (i.e., Joe Smith) Social Security Number: Indicate the employee’s nine-digit Social Security Number. State Employment Incentive Program: The state-funded program through which the taxpayer hired the disabled employee. Full Time: Indicate “Yes” if this is a full time employee working at least 37.5 hours per week and employed for at least 12 consecutive months. Indicate “No” if this is a part time employee working at least 10 hours per week and employed for at least 12 consecutive months. Please note that if the employee is seasonal or works less than 10 hours per week, the taxpayer cannot claim a credit for that employee and should not include the employee on this form. Health Insurance provided: Indicate “Yes” if the employee is enrolled in a health insurance program through your company and No if the employee is not enrolled in a health insurance program through your company. Health insurance must be provided in order to claim the $5,000 credit for full time employees. If health insurance is not provided, the $2,000 credit applies full time and part time employees alike. 2) Tennessee Job Summary Fiscal Year End: The last day of the fiscal year in which the jobs were created (i.e., mm/dd/yyyy). Total Workers with Disabilities at Start of Fiscal Year: Indicate the number of full time and/or part time workers with disabilities employed by the taxpayer at the start of the fiscal year. Total Workers with Disabilities at End of Fiscal Year: Indicate the number of full time and/or part time workers with disabilities employed by the taxpayer at the end of the fiscal year. Net Increase in Qualified Jobs: Indicate the net increase in qualified jobs. This is the number of new jobs that should be claimed on Schedule X of the Franchise and Excise Tax Return. Important Information  Each question on the business plan must be answered fully.  It is not necessary to make a Required Capital Investment or be a Qualified Business Enterprise as defined in Tenn. Code Ann. § 67-4-2109(a) to claim a credit for hiring persons with disabilities.  The actual credit is computed and claimed on Schedule X when the Franchise and Excise Tax Return is filed.  The amount of the credit is $2,000 for each qualifying part time job. The credit is $5,000 for each qualifying full time job when the employee is enrolled in the taxpayer's health insurance plan. The credit is subject to the limits indicated in Tenn. Code Ann. § 67-42109(b)(1)(D). Any unused credit may be carried forward for up to 15 years. Mail the completed business plan to: Tennessee Department of Revenue P.O. Box 190644 Nashville, TN 37219-0644 For tax assistance call (800) 397-8395 in Tennessee, or if you are located in the Nashville call area or out-of-state, call (615) 253-0700.
Extracted from PDF file 2016-tennessee-form-fae-jobcreditdis.pdf, last modified June 2012

More about the Tennessee Form FAE-JobCreditDis Corporate Income Tax Tax Credit TY 2016

We last updated the Franchise Excise Job Tax Credit for Hiring Persons with Disabilities Business Plan in May 2017, so this is the latest version of Form FAE-JobCreditDis, fully updated for tax year 2016. You can download or print current or past-year PDFs of Form FAE-JobCreditDis directly from TaxFormFinder. You can print other Tennessee tax forms here.


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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 INC-250 Individual Income Tax Return Kit
Form FAE-170 Franchise and Excise Tax Return Kit
Form FAE-183 Franchise and Excise Tax Annual Exemption Renewal
Form FAE-Qtax Quarterly Franchise, Excise Tax Declaration
FAE-Schd-170NC Consolidated Apportionment Schedule

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-JobCreditDis from the Department of Revenue in May 2017.

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Form FAE-JobCreditDis 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-JobCreditDis

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


2016 Form FAE-JobCreditDis

Franchise Excise Job Tax Credit for Hiring Persons with Disabilities Business Plan

2015 Form FAE-JobCreditDis

Franchise Excise Job Tax Credit for Hiring Persons with Disabilities Business Plan

Franchise Excise Job Tax Credit for Hiring Persons with Disabilities Business Plan 2012 Form FAE-JobCreditDis

Franchise Excise Job Tax Credit for Hiring Persons with Disabilities Business Plan


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