For more information, see R&TC Section 23036.3. If all corporate income is derived from California sources, transfer the amount on line 17 directly to line 18. Get Form 100W for more information. The qualified taxpayer can: For more information, get form FTB 3541, California Motion Picture and Television Production Credit, form FTB 3551, Sale of Credit Attributable to an Independent Film, go to ftb.ca.gov and search for motion picture, or go to the CFC website at film.ca.gov and search for incentives. For more information, see R&TC Section 24416.23. For taxable years beginning on or after January 1, 2020, and before January 1, 2023, there is a $5,000,000 limitation on the application of credits. The FTB offers e-filing for the following entities: Corporations filing Form 100, California Corporation Franchise or Income Tax Return, including combined reports and certain accompanying forms and schedules. The change in method of accounting treatment of S corporation conversions to C corporations. Enter the applicable sales and use tax rate. For example, round $50.50 up to $51 or round $25.49 down to $25. California law allows an exclusion from gross income for grant allocations received by a taxpayer pursuant to the California Venues Grant Program that is administered by CalOSBA. If two or more corporations are engaged in a unitary business and derive income from sources within and outside of California, the members of the unitary group that are subject to Californias franchise or income tax are required to apportion the combined income of the entire unitary group in order to compute the measure of tax. Any flexible purpose corporation formed before January 1, 2015, may elect to amend its articles of incorporation to change its status to a social purpose corporation. If a flexible purpose corporation formed prior to January 1, 2015, does not amend its articles of incorporation to change its status, any reference to social purpose corporation in the Corporation Code is deemed a reference to a flexible purpose corporation. For more information, see the Corporations Code, commencing with Section 2500. If you need more space to add other Plaintiffs or are suing more Defendants, also fill out:. 1061 for instructions on determining the net capital gain when a combined report is filed. To claim this credit, add this amount to the value on Form 100, Side 2, line 34. R&TC Section 25136 requires all taxpayers to assign sales, other than sales of tangible personal property, using market assignment. 1138, Business Entity Refund/Billing Information, for more information. Total receipts is defined as the sum of gross receipts or sales (Form 100, Side 4, Schedule F, line 1a) plus all other income (Form 100, Side 4, Schedule F, lines 4 through 10). IRC Sections 1400Z-1 and 1400Z-2 provide a temporary deferral of inclusion of gross income for capital gains reinvested in a qualified opportunity fund, and exclude capital gains from the sale or exchange of an investment in such funds. Get form FTB 3725 for more information. Enter taxable year beginning and ending dates only if the return is for a short year or a fiscal year. Write the California corporation number and 2020 Form 100 on the check or money order. Corporations that file a final franchise tax return must pay at least the minimum franchise tax as specified in R&TC Section 23153. For more information, see form FTB 3805Q included in this booklet. California taxpayers that would like to elect to be treated as an S corporation should get the Form 100S, S Corporation Tax Booklet, for more information. The penalty for failure to include a copy of federal Form(s) 5471 or federal Form 8975 and accompanying Schedule A (8975), as required, is $1,000 per required form for each year the failure occurs. Corporation Tax Booklet - Form 100 Forms & Instructions Tax Return: Form 100-S: California S Corporation Franchise or Income Tax Return Tax Return: Publication 1005: Pension and Annuity Guidelines: Form 100-ES: Corporation Estimated Tax Estimated: Form 100-W: California Corporation Franchise or Income Tax Return Tax Return: Publication 1001