Wisconsin Development Zones Credits Schedule Page 2
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2003 Schedule DC
Business Certified for Development Zone Credits for 1998 or After (Except Milwaukee Opportunity Zone)
33 Enter Wisconsin net income (loss) from business activities in the development zone. If the
result is a net loss, enter zero on lines 34 and 35. You may not claim the development zones
credit reported on line 5 or any carryover of 2000 through 2002 development zones credits . . . . . . . . 33
34 Divide amount on line 33 by amount on line 22 and enter ratio. If line 33 is larger than
.
line 22, enter 1.00 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34
35 Multiply amount on line 23 by ratio on line 34. This is the tax attributable to a
development zone business certified in 1998 or after . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35
36 Enter manufacturer’s sales tax credit from line 24 that is based on net income from business
activities in the development zone reported on line 33 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36
37 Subtract line 36 from line 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Business Certified for Development Opportunity Zone or Agricultural Development Zone Credits for 2000 or
After (Except Milwaukee Zone)
38 Enter Wisconsin net income (loss) from development zone operations . . . . . . . . . . . . . . . . . . . . . . . . . 38
39 Enter Wisconsin net income (loss) from directly related business operations . . . . . . . . . . . . . . . . . . . . 39
40 Add lines 38 and 39. If the result is a net loss, enter zero here and on lines 41 and 42. You
may not claim a Beloit development opportunity zone or agricultural zone credit . . . . . . . . . . . . . . . . . 40
41 Divide amount on line 40 by amount on line 22 and enter ratio. If line 40 is larger than line 22,
.
enter 1.00 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41
42 Multiply amount on line 23 by ratio on line 41. This is the tax attributable to an
opportunity zone or agricultural zone business certified in 2000 or after . . . . . . . . . . . . . . . . . . . . . . . . 42
43 Enter manufacturer’s sales tax credit from line 24 that is based on net income from development
zone operations reported on line 38 or net income from directly related business operations reported
on line 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43
44 Subtract line 43 from line 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44
(a) Net Tax From
(b) Total
Zone Business
Net Tax
45 Enter the smaller of line 25 or line 32 in column a. Enter amount from line 25 in column b
46 Enter carryover of unused pre-1998 development zone jobs
credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
47 Enter the smaller of line 45, column a, or line 46 in both column a and column b.
This is the allowable jobs credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
48 Subtract line 47 from line 45 in each column . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
49 Enter carryover of unused pre-1998 development zones sales
tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
50 Enter the smaller of line 48, column a, or line 49 in both column a and column b.
This is the allowable sales tax credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
51 Subtract line 50 from line 48 in each column . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
52 Enter the smaller of line 44 or line 51, column b, in column a. Enter amount from
line 51, column b, on line 52, column b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
53 Enter amount from line 13. Exception: Do not include any
amount from line 13 attributable to the Milwaukee opportunity
zone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
54 Enter the smaller of line 52, column a, or line 53 in both column a and column b . . . .
55 Subtract line 54 from line 52 in each column . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
56 Enter amount from line 13 attributable to the Milwaukee
opportunity zone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
57 Enter the smaller of line 55, column b, or line 56 in column b . . . . . . . . . . . . . . . . . . . .
58 Subtract line 57, column b, from line 55, column b, and enter the result in column b.
Enter the smaller of line 51, column a, or line 58, column b, on line 58, column a . . . .
59 Enter carryover of unused pre-1998 development zones
investment credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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