Form C-8000c - Michigan Sbt Credit For Small Businesses And Contribution Credits - 2001 Page 2
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1
2Federal Employer Identification Number _______________________________
C-8000C, Page 2
PART 3 GROSS RECEIPTS REDUCTION.
Complete this section if your gross receipts are more than $9,000,000 but not more than $10,000,000.
.00
20
Gross receipts from C-8000, line 10. See instructions if your tax year is less than 12 months
20
.00
21
Excess gross receipts. Subtract $9,000,000 from line 20
21
%
22
Excess percentage. Divide line 21 by $1,000,000
22
%
23
Allowable percentage. Subtract line 22 from 100%
23
.00
24
Tax from line 14 or C-8000, line 44
24
25
Multiply the percentage on line 23 by the credit on
line 18a or line 18b, whichever is applicable.
.00
25
.00
4
26
Tax after small business credit. Subtract line 25 from line 24
26
If you are not claiming contribution credits, enter the amount on line 26 on your C-8000, line 45.
PART 4 CONTRIBUTION CREDITS
Complete this section ONLY if you are claiming contribution
credits. See the instructions for these credits on page 24.
27
Enter the amount from line 19 or 26, whichever applies. Affiliated or controlled groups
.00
or entities under common control, enter the amount from C-8009, line 33 or 34
27
.00
28
If you did not claim a small business credit, enter the amount from C-8000, line 44
28
29
Community Foundations donations
.00
4
29a
b
.00
Credit. Enter the smaller of 50% of line 29a, $5,000, or 5% of your tax on C-8000, line 43
29b
c
Find the code on page 73 for the community
foundation you contributed to and enter here
4
29c
.00
30
Subtract line 29b from line 27 or 28
30
31
Homeless Shelter/Food Bank Credit donations
.00
4
31a
b
Credit. Enter the smaller of 50% of line 31a, $5,000
.00
or 5% of your tax on C-8000, line 43
31b
.00
32
Subtract line 31b from line 30
32
33
Public Contributions
.00
4
33a
b
Credit. Enter the smaller of 50% of line 33a, $5,000, or 5% of line 32
.00
33b
34
Public Utility Property Tax for taxable year
4
34a
b
Credit. Enter 5% of line 34a. This amount cannot exceed the tax liability
.00
34b
.00
35
Add lines 33b and 34b
35
.00
36
Tax After Credits. Subtract line 35 from line 32. Enter here and on your C-8000, line 45
36
REDUCED CREDIT TABLE
If allocated income* is:
The reduced credit is:
$0
- $ 95,000
100% of the small business credit
$95,001 - $ 99,999
80% of the small business credit
$100,000 - $104,999
60% of the small business credit
$105,000 - $109,999
40% of the small business credit
$110,000 - $115,000
20% of the small business credit
*See page 6 for tax years less than 12 months.
C-8000C 2001
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