Form C-8043 - Sbt Statutory Exemption Schedule - 2007

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Michigan Department of Treasury
2007
(Rev. 9-07)
C-8043
2007 MICHIGAN SBT Statutory Exemption Schedule
Issued under authority of P.A. 228 of 1975. See instruction booklet for filing guidelines.
Form Code 4
1. Name
2. Federal Employer Identification Number (FEIN) or TR Number
NOTE: If claiming a statutory exemption, complete and attach this schedule to Form C-8000, Single Business Tax Annual Return.
3.
Business income from C-8000, line 11. Non-corporate taxpayers, if averaging
.00
business income, enter the amount from C-8000G, line 9
3.
.00
4.
Loss carryback or carryover from C-8000, lines 21 and 22. This cannot be a negative number
4.
.00
5a.
Subtotal. Add lines 3 and 4
5a.
.00
5b.
Fiscal filers only, see supplemental instructions
5b.
.00
6.
Compensation and director fees of ALL shareholders from C-8000KC, line 5
6.
.00
7.
Add lines 5a or 5b (whichever applies) and 6
7.
8.
Statutory Exemption.
.00
8.
Enter $45,000 or the amount from C-8009, line 4
PARTNERS OR SHAREHOLDERS (S OR PROFESSIONAL CORPORATION) EXEMPTION
9.
Number qualified from C-8000KP, line 5, or C-8000KC, line 4. 9a.
LESS 1 =
9b.
.00
10.
10.
Multiply line 9b by $12,000. The maximum is $48,000
.00
11.
Increased statutory exemption. Add lines 8 and 10
11.
SHORT-PERIOD/PART-YEAR EXEMPTION
12.
Number of months covered by this return.
12a.
divided by 12 = 12b.
%.
.00
13.
13.
Multiply line 8 or 11 by the percentage on line 12b
ALLOWABLE EXEMPTION
14.
14.
.00
Enter the amount from line 8, 11 or 13, whichever applies
15.
15.
.00
Subtract line 14 from line 7. If this is a negative amount, enter zero
16.
16.
.00
Multiply line 15 by 2. This amount cannot be less than zero
17.
Allowable Statutory Exemption. Subtract line 16 from line 14.
17.
.00
Enter this amount on Form C-8000, line 39 and attach this schedule to SBT return
If line 17 is negative, enter zero; a statutory exemption is not allowed.

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