5735 American Samoa Economic Development Credit

Form

5735

American Samoa Economic Development Credit

(Rev. January 2013)
Department of the Treasury
Internal Revenue Service

For calendar year 20

OMB No. 1545-0217

▶ See

the separate instructions.
▶ Attach to the corporation’s tax return.

, or other tax year beginning

, 20

, and ending

, 20

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Employer identification number

Name

Caution: The corporation must meet the qualified production activities income requirement (see instructions) to qualify
for the American Samoa economic development credit.
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2 Enter 15% of the depreciation deduction for short-life qualified tangible property .

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3 Enter 40% of the depreciation deduction for medium-life qualified tangible property .

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4 Enter 65% of the depreciation deduction for long-life qualified tangible property .

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5 Tentative credit. Add lines 1 through 4 .

1 Enter 60% of qualified compensation .

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5

6 Total U.S. income tax against which credit is allowed .

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7 American Samoa economic development credit. Enter the smaller of line 5 or line 6. Enter the
result here and on Form 1120, Schedule J, line 5b, or the corresponding line of other returns (see
instructions). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 12090G

7
Form

5735

(Rev. 1-2013)