Schedule Ms - Wisconsin Manufacturer'S Sales Tax Credit Form 2006

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MS
Wisconsin Manufacturer’s Sales Tax Credit
Schedule
2006
Attach to Wisconsin Form 1, 1NPR, 2, 4, 4I, 4T, 5, or 5S
Wisconsin Department
Read instructions before filling in this schedule
of Revenue
Name
Identifying Number
Part I Computation of 2006 Credit or Deduction
1 Fill in the unused manufacturer’s sales tax credits from your own business operations
from Part II, line 2, column f (corporations only) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Fill in the unused manufacturer’s sales tax credits from pass-through entities and sole
proprietorships from Part III, line 8, column f . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3 Add line 1 and line 2 and enter the total. If line 3 is more than $25,000, go to line 11 or
line 15, as appropriate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Multiply the amount on line 3 by 50% (0.50) and enter the result . . . . . . . . . . . . . . . . . . .
4
Corporations:
If line 3 is $25,000 or less, fill in lines 5 through 8. Otherwise, go to line 11.
5 Fill in the amount from line 1 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 If you have unused credits from pass-through entities, fill in the amount from Part IV,
line 3, column g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
7 Add line 5 and line 6 and enter the total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
8 Fill in the smaller of line 4 or line 7. This is your available manufacturer’s sales tax credit
carryforward for 2006 to enter on your tax return . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Individuals, Estates, and Trusts:
If line 3 is $25,000 or less, fill in lines 9 and 10. Otherwise, go to line 15.
9 Fill in the amount from Part IV, line 3, column g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
9
10 Fill in the smaller of line 4 or line 9. This is your available manufacturer’s sales tax
credit carryforward for 2006 to enter on your tax return . . . . . . . . . . . . . . . . . . . . . . . . . . 10
If the amount on line 3 is more than $25,000:
11 Fill in the amount from Part II, line 2, column b (corporations only) . . . . . . . . . . . . . . . . . 11
12 Fill in the amount from Part Il, line 2, column d (corporations only) . . . . . . . . . . . . . . . . . 12
13 Subtract line 12 from line 11 (corporations only). If the result is zero or less, enter
zero (0) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
14 Fill in the smaller of line 1 or line 13 (corporations only) . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Fill in the amount from Part III, line 8, column b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Fill in the amount from Part III, line 8, column d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17 Subtract line 16 from line 15. If the result is zero or less, enter zero (0) . . . . . . . . . . . . . 17
18 Fill in the smaller of line 2 or line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Add lines 14 and 18 and enter the total . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19
20 Multiply the amount on line 19 by 50% (0.50) and enter the result. This is your
manufacturer’s sales tax credit deduction to claim on your tax return . . . . . . . . . . . . . . . 20
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