1 Original cost to employer of passes sold or given to employees ........................................... 1
2 Total amount you charged employees for passes ....................................................... 2
3 Subtract line 2 from line 1 .......................................................................... 3
4 Mulply line 3 by 30% (.30). This is the amount of your credit ............................................ 4
If you’re a:...................... Include credit on:
C corporaon ................... Form M4T, line 21
S corporaon ................... Form M8, line 6*
Partnership .................... Form M3, line 5*
Sole proprietor ................. Schedule M1C, line 2
Fiduciary ....................... Form M2, line 15f (the credit cannot exceed Form M2, line 14)
Tax-exempt organizaon ......... Form M4NPI, line 4a
*Remaining credit may be passed through to partners and shareholders.
Name of Employer FEIN Minnesota Tax ID
If you purchase transit passes to resell or give to your employees, you may be eligible for this credit.
To qualify:
1. The transit pass must be a pass, token, farecard, voucher or similar item entitling a person to transportation at regular or reduced prices.
2. The transportation must be provided by either a:
• public or privately-owned mass transit facility; or
• a person in the business of transporting people for compensation or hire. The vehicle must have seating capacity for at least six adults,
not including the driver.
3. The passes must be used in Minnesota.
The credit is equal to 30 percent of the dierence between the price you pay for the passes and the price you charge employees. It is not
refundable and can only be applied to your current tax liability.
Enclose this schedule when you le your Minnesota return.
For C corporaons, S corporaons, partnerships, sole proprietors, duciaries and tax-exempt nonprot organizaons.
Instrucons
2019 ETP, Employer Transit Pass Credit
You must round amounts
to nearest whole dollar.
