Form C-8009 - Michigan Sbt Allocation Of Statutory Exemption, Standard Small Business Credit, And Alternate Tax For Members Of Controlled Groups - 2005 Page 2

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FEIN or TR Number
C-8009, Page 2
PART 5: STANDARD SMALL BUSINESS CREDIT
a.
b.
c.
d. Total
Add columns a-c across. Enter total in column d.
18.
Tax base from C-8000, line 32
19.
Tax base for credit. Multiply line 18d by 45%
If line 10d exceeds line 19, this credit cannot be taken. Skip line 20 and enter zero on line 21.
%
20.
Income percentage. Divide line 10d by line 19 and multiply by 100 to find percentage
%
21.
Credit percentage. Subtract line 20 from 100%.
22.
Tax After Investment Tax Credit from C-8000, line 44. If
apportioned or allocated gross receipts are less than
$100,000, enter zero
23a.
Standard small business credit. Multiply line 22 by line 21
b.
Reduced credit. Multiply line 23a by reduced credit
percent from table on page 2 of Form C-8000C
24.
Tax after standard small business credit.
Subtract line 23a or b, whichever applies, from line 22
If combined gross receipts are greater than $9,000,000 but not more than $10,000,000 complete Part 6; if not, go to Part 7.
PART 6: GROSS RECEIPTS REDUCTION
Filers whose gross receipts are greater than $9,000,000, but not more than $10,000,000, must complete this section.
25.
Gross receipts from Part 3, line 11
26.
Excess gross receipts. Subtract $9,000,000 from line 25d
%
27.
Excess percentage. Divide line 26 by $1,000,000
%
28.
Allowable percentage. Subtract line 27 from 100%
29.
Enter the tax before credits from line 12 or 22
30.
Enter credit from line 16a or b or 23a
or b, whichever applies
31.
Multiply line 30 by the percentage on line 28
32.
Subtract line 31 from line 29. Enter here and on Part 7,
line 33 or 34, whichever applies
PART 7: ALTERNATE TAX OR TAX AFTER STANDARD SMALL BUSINESS CREDIT
33.
Alternate Tax. Enter the amount from line 17 or line 32,
whichever applies, here and on each member's C-8000C,
line 27 or C-8000, line 45
34.
Tax After Standard Small Business Credit. Enter
the amount from line 24 or line 32, whichever applies,
here and on each member's C-8000C, line 27 or
C-8000, line 45

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