Schedule Dc - Wisconsin Development Zones Credits - 2002
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6DC
Wisconsin Development Zones Credits
Schedule
2002
(Attach to Wisconsin Form 1, 1NPR, 2, 3, 4, 4
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, 4T, 5, or 5S)
Name
Identifying Number
Wisconsin Department
of Revenue
Par t I
Development Zones Credit
1 Enter the development zones credit for environmental remediation . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
2 Enter the development zones credit for job creation or retention . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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3 Add lines 1 and 2. This is the development zones credit before pass-through credits . . . . . . . . . . . . . . .
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4 Enter development zones credit passed through from other entities . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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5 Add lines 3 and 4. This is the total current year development zones credit (see instructions) . . . . . . . . .
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Par t II
Development Opportunity Zone Investment Credit
6 Enter the purchase price of depreciable, tangible personal property purchased during the taxable
year that is used in the conduct of business in an opportunity zone:
a Qualified purchases expensed under IRC section 179 . . . . . . . . . . . . . . . . 6a
b Qualified purchases not expensed under IRC section 179 . . . . . . . . . . . . . 6b
7 Multiply line 6a by 1.75% (0.0175) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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8 Multiply line 6b by 2.5% (0.025) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
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9 Add lines 7 and 8. This is the investment credit before pass-through credits . . . . . . . . . . . . . . . . . . . . . .
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10 Enter investment credit passed through from other entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
11 Add lines 9 and 10. This is the total current year investment credit (see instructions) . . . . . . . . . . . . . . . 11
12 Carryover of unused opportunity zone investment credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13 Add lines 11 and 12. This is the available opportunity zone investment credit (see instructions) . . . . . . 13
Part III
Development Opportunity Zone Capital Investment Credit
14 Enter the purchase price of depreciable, tangible personal property purchased during the taxable
year that is used in the conduct of business in an opportunity zone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
15 Enter the amount expended during the taxable year to acquire, construct, rehabilitate, remodel, or
repair real property in an opportunity zone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
16 Add lines 14 and 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
17 Multiply line 16 by 3% (0.03). This is the capital investment credit before pass-through credits . . . . . . . 17
18 Enter capital investment credit passed through from other entities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Add lines 17 and 18. This is the total current year capital investment credit (see instructions) . . . . . . . . 19
Par t IV
Individuals, Estates, and Trusts – Limitations on Tax Credits
20 Enter Wisconsin net income from Form 1, line 13; Form 1NPR, line 30; or Form 2, line 5. If the
amount is zero or a net loss, do not fill in the rest of Part IV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
21 Enter gross tax less credits from Form 1, Form 1NPR, or Form 2 (see instructions). If the result is
zero, do not fill in the rest of Part IV . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
Business Certified for Pre-1998 Development Zone Credits
22 Enter Wisconsin net income (loss) from development zone operations . . . . . . . . . . . . . . . . . . . . . . . . . . 22
23 Enter Wisconsin net income (loss) from directly related business operations . . . . . . . . . . . . . . . . . . . . . 23
24 Add lines 22 and 23. If the result is a net loss, enter zero here and on lines 25 and 26. You may
not claim any carryovers of unused pre-1998 development zones credits . . . . . . . . . . . . . . . . . . . . . . . . 24
25 Divide amount on line 24 by amount on line 20 and enter ratio. If line 24 is larger than line 20,
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enter 1.00 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25
26 Multiply amount on line 21 by ratio on line 25. This is the tax attributable to a pre-1998 development
zone business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26
continued on page 2
IC-032
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