The Department of Revenue has identified a minor error in the 1987 Form 1-NR Instructions on the limited income tax reduction credit. This Technical Information Release explains and corrects the error.

On page 13 of the Form 1-NR Instructions there appears a worksheet captioned "How Do I Calculate the Limited Income Tax Reduction Credit?" As the last step on that worksheet, in Item 12, taxpayers are told to enter the result of their worksheet calculations on Form 1-NR, Item 46. In fact, taxpayers should enter the result of their worksheet calculations on Form 1-NR, Item 47. Item 46 of Form 1-NR is for the taxpayer's excess revenue credit. Item 47 is for the limited income tax reduction credit. A taxpayer may be entitled to claim both credits.

/s/Stephen W. Kidder
Stephen W. Kidder
Commissioner of Revenue

March 10, 1988

TIR 88-2