Abstract: . . .  recognized by California for tax purposes that is treated as a sole proprietorship owned by an individual or a branch owned by a corporation], the credit amount received from the disregarded entity that can be utilized is limited to the difference between the taxpayer’s regular tax Side 2 FTB 3508 2004  . . .
. . .  Part III Enter the rated peak generating capacity, in watts, for your solar or wind energy system. You can obtain information on how to calculate the rated peak generating capacity from the California Energy Commission’s Website. If you need help calculating the rated peak generating capacity of your solar or wind energy system, contact the California Energy Commission at (800) 555-7794, or go to their Website at www.consumerenergycenter.org/renewable/ tax_credit.html. Part IV Line 2. The amount of credit that you may claim on your tax return may be limited. Refer to the credit instructions in your . . .
. . .  Enter the rated peak generating capacity, in watts, for your solar or wind energy system. You can obtain information on how to calculate the rated peak generating capacity from the California Energy Commission’s Website. If you need help calculating the rated peak generating capacity of your solar or wind energy system, contact the California Energy Commission at (800) 555-7794, or go to their Website at www.consumerenergycenter.org/renewable/ tax_credit.html. Part IV Line 2. The amount of credit that you may claim on your tax return may be limited. Refer to the credit instructions in your tax booklet . . .
. . .  how to calculate the rated peak generating capacity from the California Energy Commission’s Website. If you need help calculating the rated peak generating capacity of your solar or wind energy system, contact the California Energy Commission at (800) 555-7794, or go to their Website at www.consumerenergycenter.org/renewable/ tax_credit.html. Part IV Line 2. The amount of credit that you may claim on your tax return may be limited. Refer to the credit instructions in your tax booklet for more information. The instructions also explain how to claim this credit on your tax return. You must use credit . . .
. . .  earliest taxable years possible. This credit cannot be carried back or applied against a prior year's tax. Part V Line 1. Credit recapture: Any credit amount previously claimed must be added back to your tax liability if the system was sold or removed from California within one year of the date the system was placed in service. Enter the total here and on your California tax return or schedule as follows: • Form 100, 100S, and 100W, Schedule J. • Form 109, 565, and 568, Schedule K. • Form 540, Long Form 540NR, and 541, other taxes. Limitations S corporations may claim only 1/3 of the credit against . . .
--3000,5,300,3068,15907