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I Line 21. Estimated Tax Payments – Enter estimated tax payments

Schedule C1

made or overpayments applied from prior years’ returns, minus any “quick

refund” applied for on Form 4466W. You can’t claim estimated tax pay-

Line 1. Enter the manufacturer’s sales tax credit from Form 4, Schedule Z,

ments made by a related corporation.

line 13. Corporations that are engaged in manufacturing in Wisconsin may

claim a credit. In addition, a corporation that owns an interest in a pass-

Amended Return: If this is an amended return, enter the tax previously

through entity, such as a partnership, which is engaged in manufacturing in

paid. Attach a worksheet to your return showing your computations. (See

Wisconsin may claim its share of the entity’s manufacturer’s sales tax credit

the instructions for Form 4 or 5 for a sample worksheet.)

computed for the entity’s taxable years beginning on or after January 1, 1998.

I Line 22. Refundable Credits – Complete Schedule C2, page 2, and

Line 2. Enter the research expense credit from Schedule R, line 30. Corpo-

enter the total available credit.

rations that increase qualified research expenses in Wisconsin may claim a

credit.

Schedule C2

Line 3. Enter the development zones research credit carryover from Sched-

ule DC, line 41.

Line 1. Enter the farmland preservation credit from Schedule FC, line 16.

Line 4. Enter the research facilities credit from Schedule R, line 34. Cor-

Line 2. Enter the farmland tax relief credit from Schedule FT, line 6.

porations that incur expenses to construct and equip new research facilities,

Note: The farmland credits must be included in income in the year of

or to expand existing facilities, in Wisconsin may claim a credit.

receipt.

Line 5. Enter the available community development finance credit.

Line 3. Add lines 1 and 2. This is the total available refundable credits.

Corporations that make contributions to the Wisconsin Housing and Eco-

nomic Development Authority and, in the same year, purchase common

I Line 24. Interest, Penalty, and Late Fee Due – Enter any interest,

stock in the Wisconsin Community Development Finance Company may

penalty, and late fee due from Form 4U, line 17 or 26.

claim a credit. The credit is nonrefundable and is equal to 75% of the pur-

chase price of the stock, but may not exceed 75% of the amount that was

Amended Return – Refund Claimed: If you previously were assessed

contributed to the Wisconsin Community Development Finance Authority.

interest for underpayment of estimated taxes, complete an amended Form

Any unused credit may be offset against tax liabilities of the subsequent

4U, Part I, based on the amount shown on line 20. Enter the difference

years, up to 15 years.

between the underpayment interest from the amended Form 4U, line 17,

and the amount you previously paid on line 24. Show an overpayment in

Line 6. Enter the development zones jobs credit carryover from

parentheses. Attach Form 4U to your amended return. Otherwise, leave line

Schedule DC, line 51.

24 blank. The department will compute interest on the amount of refund

approved.

Line 7. Enter the development zones sales tax credit carryover from

Amended Return – Additional Amount Owed: Use the worksheet in-

Schedule DC, line 54.

cluded in the Form 4 or 5 instructions to calculate the interest owed.

Otherwise, the department will compute interest on the tax owed.

Line 8. Enter the development zones investment credit carryover from

Schedule DC, line 57.

I Line 25. Tax Due – If the total of lines 20 and 24 is larger than line 23,

enter the amount owed. Attach your check to the front of Form 4I.

Line 9. Enter the development zones location credit carryover from Sched-

ule DC, line 60.

I Line 26. Overpayment – If line 23 is larger than the total of lines 20

and 24, enter the overpayment.

Line 10. Enter the development zones day care credit carryover from

Schedule DC, line 63.

I Line 27. 2000 Estimated Tax – Enter the amount of any overpayment

on line 26 that is to be credited to the corporation’s 2000 estimated tax. The

Line 11. Enter the development zones environmental remediation credit

balance of any overpayment will be refunded.

carryover from Schedule DC, line 66.

Amended Return: If you have already filed your 2000 return, enter the

Line 12. Enter the development zones credit from Schedule DC, line 5.

overpayment you claimed as a credit on your 2000 return from your previ-

ously filed original or amended 1999 return. Otherwise, you may allocate

A special tax credit, based on expenditures for environmental remediation

the overpayment from line 26 between line 27 and line 28 as you choose.

and job creation or retention, may be available for corporations doing busi-

ness in Wisconsin development or enterprise development zones. The

I Line 29. Total Company Total Receipts – Enter total company gross

Wisconsin Department of Commerce administers the Wisconsin develop-

receipts, gross sales, gross dividends, gross interest income, gross rents,

ment zones programs. For more information about the programs, write to

gross royalties, the gross sales price from the disposition of capital assets

the Division of Community Development, Wisconsin Department of Com-

and business assets, gross receipts passed through from other entities, and

merce, P.O. Box 7970, Madison, WI 53707-7970 or call (608) 266-3751.

all other receipts that are included in gross income, other than life insur-

ance income, before apportionment for Wisconsin franchise tax purposes.

Note: The above credits (items 1 through 12) must be included as income

in the year computed.

I Additional Information Required – Answer questions 1 through 8 on

back of Form 4I. If applicable, attach the information requested.

Line 13. Enter the supplement to the federal historic rehabilitation tax credit

from Schedule HR, line 7.

I Signatures – An officer of the corporation must sign the form at the

bottom of page 2. If the return is prepared by someone other than an em-

Corporations that rehabilitate certified historic structures located in Wis-

ploye of the corporation, the individual who prepared the return must sign

consin and used for business purposes may claim a credit. The State

the return, by hand, in the space provided for the preparer’s signature and

Historical Society of Wisconsin administers the historic preservation pro-

furnish the preparing firm’s federal employer identification number.

gram. For more information about this program, write to the Division of

Historic Preservation, State Historical Society of Wisconsin, 816 State Street,

I Attachments – Attach a copy of the federal return with all supporting

Madison, WI 53706-1488 or call (608) 264-6500.

schedules. In addition, attach a copy of the Annual Statement filed with the

Commissioner of Insurance of the State of Wisconsin and any other re-

Line 14. Add lines 1 through 13. This is the total available nonrefundable

quired forms, schedules, or statements.

credits.

Amended Return: If this is an amended return, attach an explanation of

the changes made and any supporting forms or schedules. Also attach a

worksheet showing how you figured your additional refund or additional

amount owed. Send the amended return to the Wisconsin Department of

Revenue, P.O. Box 8908, Madison, WI 53708-8908.

Ic-120-99 - Instructions For 1999 Form 4i - Wisconsin Insurance Company Franchise Tax Return Page 4

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