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State of California Franchise Tax Board

Changes to 2003 Forms

2003 Updates to Form 541 Booklet

Revision Date: 12/31/2003

Revision Details: Form 541 Booklet Instructions - Credit Limitation Worksheet

The credit limitation amount should be indexed for 2003.

  • The revision appears in the 541 Booklet instructions, Page 9, columns 1 and 2; and for the revised credit limitation cap

It should read:

Line 23 - Tax Credits

Column 1 ...the amount entered on Form 541, line 17, is less than $33,272.

Column 2 ...I Enter $33,272.................I ___

The revision appears on the Booklet instructions (page 9) and Package X, page 290.
The revised internet version is available for download.

Back to Tax Form Changes for 2003

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