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State of California Franchise Tax Board

Changes to 2003 Forms

2005 Updates to Schedule P (540)

Revision Date: 01/20/2004

Revision Details: Alternative Minimum Tax and Credit Limitation Instructions

The revision relates to the child's minimum exemption amount: The minimum exemption amount should be indexed for 2003.

  • The Child's minimum exemption amount, page 6, column 1,line 7

It should read:

"7. Child's minimum exemption amount ........ 7 $5,600"

The revision appears on the Schedule P(540) Flat, page 6, and the Package X, page 681.
The revised internet version is available for download.

Back to Tax Form Changes for 2003

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