Fillable Printable Ccc75 Form 0206 3
Fillable Printable Ccc75 Form 0206 3
Ccc75 Form 0206 3
Department of Revenue
Taxpayer Services Division
Tax Credit For Cost Of Operations
Section 48-7-40.6(b) of the Georgia Code provides for a tax credit based on expenditures for cost of
operations incurred by an employer for child care for employees’ children. This credit is 75% of the direc t
operational costs incurred by an employer who makes available employer provided or employer
sponsored child care less any amounts the employees must repay to the employer. The term “employer
provided” refers to child care offered on the premises of the employer. “Employer sponsored” refers to a
contractual arrangement with a child care facility that is paid for by the employer. If multiple employers
utilize the premises, the taxpayer employer must utilize lines 13 and 14 in Section 3 (Summary) on Page 2
and complete the calculation on Page 3, per Georgia Regulation 560-7-8-.38(2)(a).
Name of Taxpayer Claiming Credit
Contact Person
Federal Employer Identification Number
Phone Number
Street Address
City, State and Zip Code
Tax Year
Name of Child Care Provider
FEI Number of Provider
Address of Provider
Location of Facility
Instructions:
If this credit is from a facility which is jointly owned by more than one employer then each employer
should complete a form ITCCC75 showing their proportionate share of participation. Also, in the case of
a pass through entity (S-Corp., LLC, etc.), the shareholders receive a share of this credit based on their
proportionate share of ownership.
Section 1. Annual expenses of operating a child care facility
1. Salaries and wages 1. ______________________
2. Supplies 2. ______________________
3. Utilities 3. ______________________
4. Other 4. ______________________
5. Total (lines 1 through 4) 5. ______________________
Section 2. Expenses for employer sponsored child care
6. Payments to a licensed child care facility 6. ______________________
Type of Business: Sole Proprietor S Co rporation
Partnership/LLC
C Corporation Other(Specify)____________________
IT-CCC75 (11/12)
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Georgia Department of Revenue
Taxpayer Services Division
Page 2
Section 3. Summary
7. Add lines 5 and 6 7. ______________________
8. Deduct: Reimbursed expenditures* 8. ______________________
9. Cost to employer (Line 7 minus Line 8) 9. ______________________
10. Enter amounts paid by employees to employer 10. ______________________
11. Subtract line 10 from line 9 11. ______________________
12. Multiply line 11 by 75% 12. ______________________
13. Enter percentage of employees children to total ** 13. ______________________
16. Add line 14 and line 15 (total available credit) 16. ______________________
17. Enter tax liability 17. ______________________
18. Maximum Possible Credit (50% of line 17) 18. ______________________
19. Enter the lesser of line 16 or 18 19. ______________________
The amount on line 18 is the maximum amount allowable for the current tax year. Enter the amount from
line 19 on the Income Tax Return other credit line.
20. Subtract line 19 from line 16, if less than zero enter none or zero. This amount is your carry over
credit and may be carried over for five (5) years or until exhausted, which ever occurs first. However, the
portion of line 15 that includes prior carryover amounts that exceed the five (5) year carryover limitation
shall be excluded. (Attach schedule).
20. ______________________
*Deduct reimbursed expenses only if included in the expense amounts from Page 1. This includes
amounts for the State-funded Pre-K program or any subsidies received for the costs included on Page 1.
**Calculation for percentage of employees’ children to total should be calculated on Page 3. This applies
only to employers who must prorate the expenses based on Georgia Regulation 560-7-8-.38(2)(a) (i.e.
NOTE: If you are claiming the 100% credit for the Cost of Qualified Child Care Property use
form IT-CCC100.
multiple employers jointly owning the child care facility). If line 13 does not apply, enter 100%.
IT-CCC75 (11/12)
15. Enter carry over (if any) from prior year (See Section 4.) 15. ______________________
Section 4. Carry Over Credit
14. Multiply line 12 by line 13 14. ______________________
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Georgia Department of Revenue
Taxpayer Services Division
Page 3
Tax Credit for Cost of Operations Taxpayer Name _____________________________
Computation of Employees’ Children to Total Enrollment Tax Year ___________
This page is to be used only by employers who must prorate the expenses.
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
MONTHLY
TOTAL
DIVIDE
BY 12
MONTHLY
AVERAGE
Number of Employees’
Children
12
Total Enrollment * 12
Divide avg. Employees’ Children by avg. Total Enrollment to arrive at percentage
Note:
1. Please use the average number of children per month. It is understood that there may be week-to-week fluctuations.
2. For the Monthly Total column, add together the numbers in the Jan through Dec columns.
3. For the Monthly Average column, take the Monthly Total column and divide by 12.
4. In the bottom right-hand box, divide the Monthly Average Employees’ Children by the Monthly Average Total Enrollment
to arrive at the percentage to enter in this space. This figure will be used to compute the child care tax credit.
* Total enrollment should include all children using facility, regardless of
employer.
1 12IT-CCC75 ( 1/ )
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