Wisconsin Development Zones Credits Schedule Page 4
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2003 Schedule DC
91 Enter the smaller of line 89, column b, or line 90 in column b . . . . . . . . . . . . . . . . . . .
92 Subtract line 91, column b, from line 89, column b, and enter the result in column b.
Enter the smaller of line 86, column a, or line 92, column b, on line 92, column a . . .
93 Enter the carryover of unused 2000 through 2002 development
zones credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
94 Enter the smaller of line 92, column a, or line 93 in both column a and column b . . .
95 Add amounts from column b of lines 85, 88, 91, and 94.
This is the allowable development zones credit . . . . . . . . . .
Par t V
Corporations – Limitations on Tax Credits
96 Enter tax from Form 4, line 14; Form 5, line 8; Form 4I, line 18; or Form 4T, line 8 . . . . . . . . . . . . . . . .
96
97 Enter manufacturer’s sales tax credit from Form 4, 4I, 4T, or 5, Schedule Z . .
97
98 Enter research credits from Schedule R . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
98
99 Enter carryover of unused pre-1998 development zones research credit . . . .
99
100 Enter community development finance credit . . . . . . . . . . . . . . . . . . . . . . . . . . 100
101 Add lines 97 through 100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 101
102 Subtract line 101 from line 96. If the result is zero or less, enter zero here. Do not fill in the rest of
Part V. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 102
Business Certified for Pre-1998 Development Zone Credits
103 Enter Wisconsin net income (loss) from development zone operations . . . . . . . . . . . . . . . . . . . . . . . . 103
104 Enter Wisconsin net income (loss) from directly related business operations . . . . . . . . . . . . . . . . . . . . 104
105 Add lines 103 and 104. If the result is zero or a net loss, enter zero here and on line 106. You may
not claim any carryover of pre-1998 development zones credits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 105
106 Multiply line 105 by 7.9% (0.079). This is the tax attributable to a pre-1998 development zone business . . 106
107 Partners and LLC members enter manufacturer’s sales tax credit from line 97 that is based on net
income from development zone operations reported on line 103 or net income from directly related
business operations reported on line 104 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 107
108 Subtract line 107 from line 106 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 108
Business Certified for Development Zone Credits for 1998 or After (Except Milwaukee Opportunity Zone)
109 Enter Wisconsin net income (loss) from business activities in the development zone. If the
result is zero or a net loss, enter zero here and on line 110. You may not claim any current year
credit or carryover of credits from 2000 through 2002 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 109
110 Multiply line 109 by 7.9% (0.079). This is the tax attributable to a development zone business certified
in 1998 or after . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
110
111 Partners and LLC members enter manufacturer’s sales tax credit from line 97 that is based on net
income from business activities in the development zone reported on line 109 . . . . . . . . . . . . . . . . . .
111
112 Subtract line 111 from 110 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
112
Business Certified for Development Opportunity Zone or Agricultural Development Zone Credits for 2000 or
After (Except Milwaukee Zone)
113 Enter Wisconsin net income (loss) from development zone operations . . . . . . . . . . . . . . . . . . . . . . . .
113
114 Enter Wisconsin net income (loss) from directly related business operations . . . . . . . . . . . . . . . . . . . .
114
115 Add lines 113 and 114. If the result is zero or a net loss, enter zero here and on line 116. You may
not claim any credits for activity in a development opportunity zone or agricultural zone . . . . . . . . . . .
115
116 Multiply line 115 by 7.9% (0.079). This is the tax attributable to a development opportunity zone
or agricultural zone business certified in 2000 or after . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
116
117 Partners and LLC members enter manufacturer’s sales tax credit from line 97 that is based on net
income from development zone operations reported on line 113 or net income from directly related
business operations reported on line 114 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
117
118 Subtract line 117 from line 116 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
118
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