Form Fae 170 – Fill Out and Use This PDF

Form Fae 170 is an essential document for completing tax filing for corporations, partnerships, or entrepreneurs. It allows relevant information concerning the taxpayer to be requested and displayed by French fiscal authorities such as government entities and financial institutions. The form contains key information such as your name and contact information, certification of registration at a professional level, residency status in France, corporate declaration pertaining to various regulations across industries. By providing all the necessary details you certify the data that you provide is valid and accurate. With Form Fae 170 your taxes can easily be collected and filed with the represented authority in a timely fashion.

Form Fae 170 PDF Details

At the time of this writing, Form Fae 170 is the most recent release of the IRS tax form. The form, which is used to report foreign financial assets, was updated on February 14th, 2018. The new version includes a number of changes and updates, including a revised Table 4. This post will take a closer look at some of the key changes included in Form Fae 170. If you have foreign financial assets that you need to report on your taxes, make sure you use the most up-to-date version of Form Fae 170. The form has been updated with several changes, including a revised Table 4. In this post, we'll take a closer look at some of the key changes included in Form Fae 170. Stay up to date on all things tax and accounting related by following us here at Blackwell & Associates!

Question	Answer
Form Name	Form Fae 170
Form Length	8 pages
Fillable?	No
Fillable fields	0
Avg. time to fill out	2 min
Other names	Franchise & Excise Tax Forms - Tennessee

Form Preview Example

RV-R0011001 (8/20)

TENNESSEE DEPARTMENT OF REVENUE

FRANCHISE AND EXCISE TAX RETURN

FAE	Tax Year Beginning	Account Number
FAE
170
170	Tax Year Ending	FEIN
	Tax Year Ending	FEIN

	NAICS	SOS Control Number

Legal Name

Mailing Address

City

State			ZIP Code

Check all that apply:

a) Amended return

b) Final return

c) Public Law 86-272 applied to excise tax

d)Taxpayer has made an election to calculate net worth per the provisions of Tenn. Code Ann. § 67-4-2103(g)-(i)

e)Taxpayer has filed the prescribed form to revoke its election made per Tenn. Code Ann. § 67-4-2103(g)-(i)

f)Annualized income installment method for quarterly estimates election

g) Manufacturer single sales factor election

h) Taxpayer has filed for federal extension

Date Tennessee operations began (see instructions)

Schedule A ‑ Computation of Franchise Tax			Round to the nearest dollar
1.	Total net worth Schedule F1, Line 5 or Schedule F2, Line 3	(1)	______________________________________
2.	Total real and tangible personal property from Schedule G, Line 15	(2)	______________________________________
3.	Franchise tax (25¢ per $100 or major fraction thereof on the greater of Lines 1 or 2; minimum $100)	(3)	______________________________________
Schedule B ‑ Computation of Excise Tax
4.	Income subject to excise tax from Schedule J, Line 34	(4)	______________________________________
5.	Excise tax (6.5% of Line 4)	(5)	______________________________________
6.	Recapture of tax credit (Schedule T, Line 13) and additional excise tax on certified distribution sales	(6)	______________________________________
7.	Total excise tax due (add Lines 5 and 6)	(7)	______________________________________
Schedule C ‑ Computation of Total Tax Due or Overpayment
8.	Total franchise and excise taxes (add Lines 3 and 7)	(8)	______________________________________
9.	Total credit from Schedule D, Line 9 (cannot exceed Schedule C, Line 8)	(9)	______________________________________
9.		(9)	______________________________________
10.	Net tax (subtract Line 9 from Line 8; if Line 9 exceeds Line 8, enter zero here)	(10)	______________________________________
11.	Total payments from Schedule E, Line 7	(11)	______________________________________
12.	Penalty (see instructions)	(12)	______________________________________
13.	Interest (see instructions)	(13)	______________________________________
14.	Penalty on estimated franchise and excise tax payments	(14)	______________________________________
15.	Interest on estimated franchise and excise tax payments	(15)	______________________________________
16.	Total amount due (overpaid) (add Lines 10, 12, 13, 14, and 15, subtract Line 11)	(16)	______________________________________
	If overpayment reported on Line 16, complete A and/or B below:

A. Credit to next year’s tax $______________________________________ B. Refund $ _______________________________

Under penalties of perjury, I declare that I have examined this report, and to the best of my knowledge

Power of Attorney - Check YES if this taxpayer's

and belief, it is true, correct, and complete.

signature certifies that this tax preparer has

the authority to execute this form on behalf

Taxpayer's Signature

Date

Title

of the taxpayer and is authorized to receive

and inspect confidential tax information and

Tax Preparer's Signature

Preparer's PTIN

Date

Telephone

to perform any and all acts relating to respec-

tive tax matters.

Preparer's Address

City

State

ZIP Code

YES

Preparer's Email Address

FOR OFFICE USE ONLY

Rental Value of Property Used but Not Owned

page 2

Taxable Year

Taxpayer Name

Account No./FEIN

Schedule D ‑ Schedule of Credits

1.	Gross Premiums Tax Credit (cannot exceed Schedule C, Line 8)	(1)	_____________________________
2.	Tennessee income tax (cannot exceed Schedule B, Line 5)	(2)	_____________________________
3.	Green Energy Tax Credit from business plans filed prior to July 1, 2015	(3)	_____________________________
4.	Brownfield Property Credit	(4)	_____________________________
5.	Broadband Internet Access Tax Credit carryover for service providers	(5)	_____________________________
6.	Industrial Machinery and Research and Development Tax Credit from Schedule T, Line 11	(6)	_____________________________
7.	Job Tax Credit from Schedule X, Line 46	(7)	_____________________________
8.	Additional Annual Job Tax Credit from Schedule X, Line 38	(8)	_____________________________
9.	Total credit (add Lines 1 through 8; enter here and on Schedule C, Line 9)	(9)	_____________________________

Schedule E ‑ Schedule of Required Quarterly Installments and Payments

			Required Quarterly
			Installments
1.	Overpayment from previous year, if available	...........................................................................................
2.	First quarterly estimate	(2a)	________________________
3.	Second quarterly estimate	(3a)	________________________
4.	Third quarterly estimate	(4a)	________________________
5.	Fourth quarterly estimate	(5a)	________________________

6.Extension payment.........................................................................................................................................

7.Total payments (add Lines 1 through 6; enter here and on Schedule C, Line 11) .................................

Amount Paid

(1)_____________________________

(2b)____________________________

(3b)____________________________

(4b)____________________________

(5b)____________________________

(6)_____________________________

(7)_____________________________

Computation of Franchise Tax

Schedule F1 ‑ Non‑Consolidated Net Worth

1.	Net worth (total assets less total liabilities)	(1)	____________________________
2.	Indebtedness to or guaranteed by parent or affiliated corporation (cannot be a deduction)	(2)	____________________________
3.	Total (add Lines 1 and 2)	(3)	____________________________
4.	Franchise tax apportionment ratio (Schedules N, O, P, R or S if applicable or 100%)	(4)	%
5.	Total (multiply Line 3 by Line 4; enter here and on Schedule A, Line 1)	(5)	____________________________

Schedule F2 ‑ Consolidated Net Worth

Schedule F2 is to be completed only if the Consolidated Net Worth Election Registration Application has been filed.

1.	Consolidated net worth (total assets less total liabilities of the affiliated group)	(1)	____________________________
2.	Franchise tax apportionment ratio (Schedule 170NC, 170SF or 170SC)	(2)	%
3.	Total (multiply Line 1 by Line 2; enter here and on Schedule A, Line 1)	(3)	____________________________

Schedule G ‑ Determination of Real and Tangible Property

	Book Value of Property Owned ‑ Cost less accumulated depreciation		In Tennessee
1.	Land	(1)	____________________________
2.	Buildings, leaseholds, and improvements	(2)	____________________________
3.	Machinery, equipment, furniture, and fixtures	(3)	____________________________
4.	Automobiles and trucks	(4)	____________________________
5.	Prepaid supplies and other tangible personal property	(5)	____________________________
6.	Ownership share of real and tangible property of a partnership that does not file a return	(6)	____________________________
7.	a. Inventories and work in progress	(7a)	____________________________
	b. Exempt finished goods inventory in excess of $30 million	(7b)	____________________________

8.Certified pollution control equipment (include copy of certificate) and equipment used to

	produce electricity at a certified green energy production facility	.............................................................. (8)	____________________________
9.	Exempt required capital investment	(9)	____________________________
10.	Subtotal (add Lines 1 through 7a, subtract Lines 7b through 9)	(10)	____________________________

	Net Annual Rental Paid for:	In Tennessee
	Net Annual Rental Paid for:
11.	Real property	_____________________	x8	(11)	_____________________________
12.	Machinery and equipment used in manufacturing and processing....	_____________________	x3	(12)	_____________________________
13.	Furniture, office machinery, and equipment	_____________________	x2	(13)	_____________________________
14.	Delivery or mobile equipment	_____________________	x1	(14)	_____________________________
15.	Tennessee total (add Lines 10 through 14; enter here and on Schedule A, Line 2)			(15)	____________________________

Schedule H ‑ Gross Receipts

1. Gross receipts or sales per federal income tax return

(1) ____________________________

page 3

Taxable Year

Taxpayer Name

Account No./FEIN

Computation of Excise Tax

Schedule J1 ‑ Computation of Net Earnings for Entities Treated as Partnerships

	Additions:
1.	Ordinary income or loss (federal Form 1065, Line 22)	(1)	_____________________________
2.	Income items specifically allocated to partners, including guaranteed payments to partners	(2)	_____________________________
3.	Any net loss or expense distributed to a publicly traded REIT	(3)	_____________________________
4.	Total additions (add Lines 1 through 3)	(4)	_____________________________
	Deductions:
5.	Expense items specifically allocated to partners not deducted elsewhere	(5)	_____________________________

6.Amount subject to self-employment taxes distributable or paid to each partner or member net of

any pass-through expense deducted elsewhere on this return (if negative, enter zero) (include on
Schedule K, Line 3)	(6) _____________________________

7.Amount of contribution to qualified pension or benefit plans of any partner or member, including

	all IRC 401 plans (include on Schedule K, Line 3)	(7)	_____________________________
8.	Any net gain or income distributed to a publicly traded REIT	(8)	_____________________________
9.	Any loss on the sale of an asset sold within 12 months after the date of distribution	(9)	_____________________________
10.	Total deductions (add Lines 5 through 9)	(10)	_____________________________
11.	Total (subtract Line 10 from Line 4; enter here and on Schedule J, Line 1)	(11)	_____________________________

Schedule J2 ‑ Computation of Net Earnings for a Single Member LLC Filing as an Individual

	Additions:
1.	Business Income or loss from federal Form 1040, Schedule C	(1)	_____________________________
2.	Business Income or loss from federal Form 1040, Schedule D	(2)	_____________________________
3.	Business Income or loss from federal Form 1040, Schedule E	(3)	_____________________________
4.	Business Income or loss from federal Form 1040, Schedule F	(4)	_____________________________
5.	Business Income or loss from federal Form 4797	(5)	_____________________________
6.	Other: federal Form __________ , Schedule ____________	(6)	_____________________________
7.	Total additions (add Lines 1 through 6)	(7)	_____________________________
	Deductions:
8.	Amount subject to self-employment taxes distributable or paid to the single member (if negative,
	enter zero; include on Schedule K, Line 3)	(8)	_____________________________
9.	Total (subtract Line 8 from Line 7; enter here and on Schedule J, Line 1)	(9)	_____________________________

Schedule J3 ‑ Computation of Net Earnings for Entities Treated as Subchapter S Corporations

	Additions:
1.	Ordinary income or loss (federal Form 1120S, Line 21)	(1)	_____________________________
2.	Income items to extent includable in federal income were it not for "S" status election	(2)	_____________________________
3.	Total additions (add Lines 1 and 2)	(3)	_____________________________
	Deductions:
4.	Expense items to extent includable in federal expenses were it not for "S" status election	(4)	_____________________________
5.	Any loss on the sale of an asset sold within 12 months after the date of distribution	(5)	_____________________________
6.	Total deductions (add Lines 4 and 5)	(6)	_____________________________
7.	Total (subtract Line 6 from Line 3; enter here and on Schedule J, Line 1)	(7)	_____________________________

Schedule J4 ‑ Computation of Net Earnings for Entities Treated as Corporations and Other Entities

Additions:

1.Taxable income or loss before net operating loss deduction and special deductions

(federal Form 1120, Line 28)

(1) _____________________________

2.a. REIT taxable income before net operating loss deduction and special deductions (federal Form

	1120-REIT, Line 20)	(2a) _______________________
	b.REIT deduction for dividends paid (federal Form 1120-REIT, Line 21b)...	(2b) _______________________
	c. REIT taxable income after dividends paid deduction (subtract Line 2b from Line 2a)		(2c)	_____________________________
3.	Unrelated business taxable income (federal Form 990-T, Line 30)		(3)	_____________________________
4.	Other: federal Form __________		(4)	_____________________________
5.	Contribution carryover from prior period(s)		(5)	_____________________________
6.	Capital gains offset by capital loss carryover or carryback		(6)	_____________________________
7.	Total additions (add Lines 1 through 6)		(7)	_____________________________
	Deductions:
8.	Contributions in excess of amount allowed by federal government		(8)	_____________________________
9.	Portion of current year’s capital loss not included in federal taxable income		(9)	_____________________________
10.	Total deductions (add Lines 8 and 9)		(10)	_____________________________
11.	Total (subtract Line 10 from Line 7; enter here and on Schedule J, Line 1)		(11)	_____________________________

page 4

Taxable Year

Taxpayer Name

Account No./FEIN

Schedule J ‑ Computation of Net Earnings Subject to Excise Tax

1.	Adjusted federal income or loss (enter amount from Schedule J1, J2, J3, or J4)		(1)	__________________________
	Additions:
2.	Intangible expenses paid, accrued, or incurred to an affiliated business entity or entities deducted for
	federal income tax purposes		(2)	__________________________
3.	Any depreciation under the provisions of IRC Section 168 not permitted for excise tax purposes due to
	Tennessee permanently decoupling from federal bonus depreciation		(3)	__________________________
4.	Gain on the sale of an asset sold within 12 months after the date of distribution to a nontaxable entity		..(4)	__________________________
5.	Tennessee excise tax expense (to the extent reported for federal income tax purposes)		(5)	__________________________
6.	Gross premiums tax deducted in determining federal income and used as an excise tax credit		(6)	__________________________
7.	Interest income on obligations of states and their political subdivisions, less allowable amortization		(7)	__________________________
8.	Depletion not based on actual recovery of cost		(8)	__________________________
9.	Excess fair market value over book value of property donated		(9)	__________________________
10.	Excess rent to/from an affiliate		(10)	__________________________
11.	Net loss or expense received from a pass-through entity subject to the excise tax (attach schedule)		(11)	__________________________
12.	An amount equal to five percent of IRC Section 951A global intangible low-taxed income
	deducted on Line 26		(12)	__________________________
13.	Business interest expense deducted in arriving at the amount reported on Sch. J, Line 1. Only
	complete if federal Form 8990 was filed. See instructions		(13) __________________________
14.	Total additions (add Lines 2 through 13)		(14)	__________________________
	Deductions:
15.	Any depreciation under the provisions of IRC Section 168 permitted for excise tax purposes due to
	Tennessee permanently decoupling from federal bonus depreciation		(15)	__________________________
16.	Any excess gain (or loss) from the basis adjustment resulting from Tennessee permanently
	decoupling from federal bonus depreciation		(16)	__________________________
17.	Dividends received from corporations at least 80% owned		(17)	__________________________
18.	Donations to qualified public school support groups and nonprofit organizations		(18)	__________________________
19.	Any expense other than income taxes not deducted in determining federal taxable income for which
	a credit against the federal income tax was allowed		(19)	__________________________
20.	Adjustments related to the safe harbor lease election (see instructions)		(20)	__________________________
21.	Nonbusiness earnings (from Schedule M, Line 8)		(21)	__________________________
22.	Intangible expenses paid, accrued, or incurred to an affiliated entity or entities (from Form IE, Line 4)
	Attach Form IE - Intangible Expense Disclosure		(22)	__________________________
23.	Intangible income from an affiliated business entity or entities if the corresponding intangible
	expenses have not been deducted by the affiliate(s) under Tenn. Code Ann. § 67-4-2006(b)(2)(N)		(23)	__________________________
24.	Net gain or income received from a pass-through entity subject to the excise tax (attach schedule)		(24)	__________________________
25.	Grants from governmental units to the extent included in federal taxable income		(25)	__________________________
26.	IRC Section 951A global intangible low-taxed income		(26)	__________________________
27.	a. Business interest expense currently deductible. See instructions	(27a) __________________________
	b. Business interest expense carryforward available for future tax years	(27b)________________________
28.	Total deductions (add Lines 15 through 27a)		(28)	__________________________
	Computation of Taxable Income
29.	Total business income (loss) (add Lines 1 and 14, subtract Line 28; if loss, enter on Schedule K, Line 1)..		(29)	__________________________
30.	Excise tax apportionment ratio (Schedules N, O, P, R or S if applicable or 100%)		(30)	%
31.	Apportioned business income (loss) (multiply Line 29 by Line 30)		(31)	__________________________
32.	Nonbusiness earnings directly allocated to Tennessee (from Schedule M, Line 9)		(32)	__________________________
33.	Loss carryover from prior years (from Schedule U)		(33)	__________________________
34.	Subject to excise tax (add Line 31 and 32, subtract Line 33; enter here and on Schedule B, Line 4)		(34)	__________________________

page 5

Taxable Year

Taxpayer Name

Account No./FEIN

Schedule K ‑ Determination of Loss Carryover Available

1.	Net loss from Schedule J, Line 29	(1)	__________________________
	Additions:
2.	Amounts reported on Schedule J, Lines 17 and 21	(2)	__________________________
3.	Amounts reported on Schedule J1, Lines 6 and 7, or Schedule J2, Line 8	(3)	__________________________
4.	Reduced loss (add Lines 1 through 3; if net amount is positive, enter zero)	(4)	__________________________
5.	Excise tax apportionment ratio (Schedules N, O, P, R or S if applicable or 100%)	(5)	%
5.		(5)	__________________________
6.	Current year loss carryover available (multiply Line 4 by Line 5)	(6)	__________________________

Schedule M ‑ Nonbusiness Earnings Allocation

Allocation and apportionment schedules may be used only by taxpayers doing business outside the state of Tennessee within the mean-

ing of Tenn. Code Ann. §§ 67-4-2010 and 67-4-2110. The burden is on the taxpayer to show that the taxpayer has the right to apportion.

If all earnings are business earnings as defined below, do not complete this schedule. Any nonbusiness earnings, less related expenses, are subject to direct allocation and should be reported in this schedule.

"Business Earnings" - 1) earnings arising from transactions and activity in the regular course of the taxpayer’s trade or business, or

2)earnings from tangible and intangible property if the acquisition, use, management, or disposition of the property constitutes an integral part of the taxpayer’s regular trade or business operations.

Earnings which arise from the conduct of the trade or trades or business operations of a taxpayer are business earnings, and the taxpayer must show by clear and cogent evidence that particular earnings are classifiable as nonbusiness earnings. A taxpayer may

have more than one regular trade or business in determining whether income is business earnings.

"Nonbusiness Earnings" - all earnings other than business earnings

				Net Amounts
Description of Nonbusiness Earnings	Gross	*Less Related	Net	Allocated Directly
(If further description is necessary, see below)	Amounts	Expenses	Amounts	to Tennessee

1.___________________________________________________________________________________________________________________________________________

2.___________________________________________________________________________________________________________________________________________

3.___________________________________________________________________________________________________________________________________________

4.___________________________________________________________________________________________________________________________________________

5.___________________________________________________________________________________________________________________________________________

6.___________________________________________________________________________________________________________________________________________

7.___________________________________________________________________________________________________________________________________________

8. Total nonbusiness earnings (Enter here and on Schedule J, Line 21)

9. Nonbusiness earnings allocated directly (Enter here and on Schedule J, Line 32)

If necessary, describe source of nonbusiness earnings and explain why such earnings do not constitute business earnings as defined above. Enumerate these items to correspond with items listed above.

*As a general rule, the allowable deductions for expenses of a taxpayer are related to both business and nonbusiness earnings. Items such as administrative costs, taxes, insurance, repairs, maintenance, and depreciation are to be considered. In the absence of evidence to the contrary, it is assumed that the expenses related to nonbusiness rental earnings will be an amount equal to 50% of such earnings and that expenses related to other nonbusiness earnings will be an amount equal to 5% of such earnings (see TENN. COMP. R. & REGS.

1320-06-01.23(3)).

page 6

Taxable Year

Taxpayer Name

Account No./FEIN

Schedule N ‑ Apportionment ‑ Standard

Property	In Tennessee	Total Everywhere

Use original cost of assets	a. Beginning of Taxable Year b. End of Taxable Year	a. Beginning of Taxable Year b. End of Taxable Year

1.Land, buildings, leaseholds, and improvements .......... _______________________________________________________________________________________________________________________________________________

2.	Machinery, equipment, furniture, and fixtures	_______________________________________________________________________________________________________________________________________________
3.	Automobiles and trucks	_______________________________________________________________________________________________________________________________________________
4.	Inventories and work in progress	_______________________________________________________________________________________________________________________________________________
5.	Prepaid supplies and other property	_______________________________________________________________________________________________________________________________________________
6.	Ownership share of real and tangible property
	of a partnership that does not file a return	_______________________________________________________________________________________________________________________________________________
7.	Excise tax total (add Lines 1 through 6)	a.	b.	a.	b.
		_______________________________________________________________________________________________________________________________________________
8.	Exempt inventory	_______________________________________________________________________________________________________________________________________________
9.	Franchise tax total (subtract Line 8 from Line 7)	a.	b.	a.	b.
		__________________________________________________________________________________________________________________________
10.	Excise tax average value (add Lines 7(a) & (b), divide by two) ...	_______________________________________________________________________________________________________________________________________________

11.Franchise tax average value (add Lines 9(a) & (b), divide by two)_______________________________________________________________________________________________________________________________________________

12. Rented property (rent paid x 8)	_______________________________________________________________________________________________________________________________________________

Use triple weighted sales factor	a. In Tennessee	b. Total Everywhere	c. Franchise Ratio	d. Excise Ratio

13.Excise tax property factor (add Lines 10 and 12)........... _______________________________________________________________________________________________________________________________________________%

14.Franchise tax property factor (add Lines 11 and12)..... _______________________________________________________________________________________________________________________________________________%

15.	Payroll factor	%	%
16.	Sales factor (business gross receipts)	%	%
		_______________________________________________________________________________________________________________________________________________

17.Total ratios (add Lines 13-15 and (Line 16 x three))..... _______________________________________________________________________________________________________________________________________________%%

18.Apportionment ratio (divide Line 17 by five, or by the number of factors with everywhere values greater than zero)

(Enter franchise tax apportionment ratio on Sch. F1, Line 4. Enter excise tax apportionment ratio on Sch. J, Line 30.)	%	%

Schedule O ‑ Apportionment ‑ Common Carriers (railroads, motor carriers, pipelines and barges)

		In Tennessee	Total Everywhere	Ratio
1.	Total franchise mileage (odometer miles)	____________________________________________________________________________________________
2.	Tennessee gross intrastate receipts and interstate gross receipts everywhere			%
2.		____________________________________________________________________________________________
3.	Total ratios (add Lines 1 and 2)			%
3.	Total ratios (add Lines 1 and 2)	____________________________________________________________________________________________

4. Apportionment ratio (divide Line 3 by two, or by the number of factors with everywhere values greater than zero) (Enter franchise tax
apportionment ratio on Schedule F1, Line 4. Enter excise tax apportionment ratio on Schedule J, Line 30.)

Schedule P ‑ Apportionment ‑ Air Carriers

		In Tennessee	Total Everywhere	Ratio
1.	Originating revenue	____________________________________________________________________________________________
2.	Air miles flown (Include in Tennessee column only air miles flown on flights either			%
	originating from or ending in Tennessee or both)			%
	originating from or ending in Tennessee or both)	____________________________________________________________________________________________
3.	Total ratios (add Lines 1 and 2)			%
3.	Total ratios (add Lines 1 and 2)	____________________________________________________________________________________________
4.	Apportionment ratio (divide Line 3 by two, or by the number of factors with everywhere values greater than zero) (Enter franchise tax
	apportionment ratio on Schedule F1, Line 4. Enter excise tax apportionment ratio on Schedule J, Line 30.)			%

Schedule R ‑ Apportionment ‑ Air Express Carriers

In Tennessee

Total Everywhere

Ratio

1. Originating revenue	%
	____________________________________________________________________________________________

2.Air miles flown and ground miles traveled (Include in Tennessee column only air miles flown on flights either originating from or ending in Tennessee or both.

Include only ground miles traveled with respect to actual common carriage of				%
				%
persons or property for hire.)	____________________________________________________________________________________________
3. Total ratios				%
3. Total ratios		____________________________________________________________________________________________
4. Apportionment ratio (divide Line 3 by two, or by the number of factors with everywhere values greater than zero) (Enter franchise tax				%
apportionment ratio on Schedule F1, Line 4. Enter excise tax apportionment ratio on Schedule J, Line 30.)				%
				______________________________

Schedule S ‑ Apportionment ‑ Manufacturer Single Sales Factor

1. Sales factor (business gross receipts) (Enter franchise tax apportionment ratio on		In Tennessee	Total Everywhere	Ratio

				%
Schedule F1, Line 4. Enter excise tax apportionment ratio on Schedule J, Line 30.)	.....			%

page 7

Taxable Year

Taxpayer Name

Account No./FEIN

Schedule T ‑ Industrial Machinery and Research and Development Equipment Tax Credit

Part 1: Tax Credit Computation

Franchise and excise taxes may be reduced by a credit on industrial machinery and research and development equipment purchased during the tax period covered by the return and located in Tennessee. The credit is generally computed at 1% of the purchase price of qualified

industrial machinery and research and development equipment. The credit taken on any return cannot exceed 50% of the current year’s franchise and excise tax liability, but any unused credit may be carried forward 15 years under Tenn. Code Ann. § 67-4-2009(3).

1.	Purchase price of industrial machinery and research and development equipment	(1)	__________________________
2.	Percentage allowed (generally 1%*)	(2)	%
2.	Percentage allowed (generally 1%*)	(2)	__________________________
3.	Current year credit (multiply Line 1 by Line 2)	(3)	__________________________
4.	Credit available from prior year(s) (from Schedule V)	(4)	__________________________
5.	Total credit available (add Lines 3 and 4)	(5)	__________________________
6.	Franchise and excise tax liability before any credits (add Schedule A, Line 3 and Schedule B, Line 5)	(6)	__________________________
7.	Limitation on credit (50% of Line 6)	(7)	__________________________
8.	Franchise and excise tax liability before any credits (add Schedule A, Line 3 and Schedule B, Line 5)	(8)	__________________________
9.	Credits from Schedule D, Lines 1 through 5 and Schedule D, Line 8	(9)	__________________________
10.	Tax before Industrial Machinery Credit (subtract Line 9 from Line 8)	(10)	__________________________
11.	Amount available in current year (enter the smaller value of Lines 5, 7, or 10 here, and on
	Schedule D, Line 6)	(11)	__________________________

Part 2: Recapture of Tax Credit

The Industrial Machinery Tax Credit previously established on this form must be partially recaptured if the equipment on which it was based was sold or removed from the state before the end of the equipment’s life as established for federal income tax purposes. The

recapture amount is a percentage of useful life remaining at the time of sale or removal multiplied by the credit originally established on this form. Previously established credits have either offset tax or populated the carryover table Schedule V. Complete the Industrial

Machinery Credit Recapture Worksheet and then enter the applicable recapture amounts on Lines 12 and 13 below.

12.	Reduction to credit carryover table, Schedule V, from recapture worksheet, Part 2, Line 16	(12)	__________________________
13.	Recapture of credit from recapture worksheet, Part 2, Line 17 (enter here and on Schedule B, Line 6) ....	(13)	__________________________

*The percentage allowed on Part 1, Line 2 above is 1%, unless the taxpayer has met the requirements of Tenn. Code Ann. § 67-4-2009(3)(I) and has been approved by the Commissioner of Revenue for an enhanced rate based on the investment amount. The statutory minimum investment requirements and applicable rates for the enhanced credit are shown on the following chart:

Minimum Required Capital Investment	Rate of Credit

$100,000,000	3%

$250,000,000	5%

$500,000,000	7%

$1,000,000,000	10%

page 8

Taxable Year

Taxpayer Name

Account No./FEIN

Schedule U ‑ Schedule of Loss Carryover

	Period
Year	Ended	Original Return or	Used in		Loss Carryover
	(MM/YY)	as Amended	Prior Year(s)	Expired	Available
___________________________________________________________________________________________________________________1
___________________________________________________________________________________________________________________2
___________________________________________________________________________________________________________________3
___________________________________________________________________________________________________________________4
___________________________________________________________________________________________________________________5
___________________________________________________________________________________________________________________6
___________________________________________________________________________________________________________________7
___________________________________________________________________________________________________________________8
___________________________________________________________________________________________________________________9
___________________________________________________________________________________________________________________10
___________________________________________________________________________________________________________________11
___________________________________________________________________________________________________________________12
___________________________________________________________________________________________________________________13
___________________________________________________________________________________________________________________14
___________________________________________________________________________________________________________________15
Total Amount (Enter here and on Schedule J, Line 33)
Schedule V ‑ Schedule of Industrial Machinery and Research and Development Equipment Credit Carryover
	Period				Industrial Machinery
Year	Ended	Original Return or	Used in		Credit Carryover
	(MM/YY)	as Amended	Prior Year(s)	Expired or Recaptured	Available
1
________________________________________________________________________________________________________________________________
2
________________________________________________________________________________________________________________________________
3
________________________________________________________________________________________________________________________________
4
________________________________________________________________________________________________________________________________
5
________________________________________________________________________________________________________________________________
6
________________________________________________________________________________________________________________________________
7
________________________________________________________________________________________________________________________________
8
________________________________________________________________________________________________________________________________
9
________________________________________________________________________________________________________________________________
10
________________________________________________________________________________________________________________________________
11
________________________________________________________________________________________________________________________________
12
________________________________________________________________________________________________________________________________
13
________________________________________________________________________________________________________________________________
14
________________________________________________________________________________________________________________________________
15
________________________________________________________________________________________________________________________________
Total Amount (Enter here and on Schedule T, Line 4)

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