Schedule Di - Wisconsin Dairy Investment Credit Sheet - 2005

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Wisconsin Dairy Investment Credit
DI
Schedule
2005
I
Attach to Wisconsin Form 1, 1NPR, 2, 3, 4, 4
, 4T, 5, or 5S
Name
Identifying Number
Wisconsin Department
of Revenue
1 Fill in the amount paid in 2005 for the following items if used exclusively for dairy farm
modernization or expansion:
a Freestall barns . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1a
b Fences . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
c Watering facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
d Feed storage and handling equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
e Milking parlors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
Robotic equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
f
1f
g Scales . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
h Milk storage and cooling facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
Bulk tanks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
i
1i
Manure pumping and storage facilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
j
1j
k Digesters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1k
Equipment used to produce energy . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
l
1l
m Other (list)
1m
2 Add lines 1a through 1m . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
3 Multiply line 2 by 10% (0.10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
4 Fill in 2005 dairy investment credit passed through from other entities . . . . . . . . . . . . . . . . . .
4
5 Add lines 3 and 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
6 a Maximum credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$50,000
6a
b Enter credit computed for 2004 (from 2004 Schedule DI, line 5) . . . . . . . . . . . . . . . . . . . . .
6b
c Subtract line 6b from line 6a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6c
7 Fill in the smaller of line 5 or line 6c. This is your 2005 dairy investment credit . . . . . . . . . . . .
7
8 Carryover of unused 2004 dairy investment credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
9 Add lines 7 and 8. This is the available dairy investment credit . . . . . . . . . . . . . . . . . . . . . . . .
9
Instructions for Schedule DI
General Instructions
quires depreciable property for dairy farm modernization
or expansion may be eligible for the credit.
Purpose of Schedule DI
Partnerships, LLCs treated as partnerships, and tax-op-
Use Schedule DI to claim the dairy investment credit. This
tion (S) corporations cannot claim the credit; instead, the
credit is available for taxable years beginning on or after
credit flows through to the partners, members, or share-
January 1, 2004, and before January 1, 2010. The maxi-
holders based on their ownership interests.
mum credit available during this 6-year period is $50,000.
Estates and trusts share the credit with the beneficiaries
Who is Eligible to Claim the Credit
in proportion to the income allocable to each.
Any individual, estate, trust, partnership, limited liability
Credit Is Income
company (LLC), corporation, tax-option (S) corporation,
insurance company, or tax-exempt organization that ac-
The credit that you compute on Schedule DI is income
and must be reported on your Wisconsin franchise or in-
IC-028

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