Instructions For Schedule Rz Of M-1065 Partnership Renaissance Zone Deduction

phase out percentage fro Schedule A, line 4, by the amount

RENAISSANCE ZONE DEDUCTION FOR NONBUSINESS

on line 11 in the corresponding columns 2 through 5.

INCOME

Column 6. Add line 12, column 2 through 5 for each partner.

Lines11a-11e

RENAISSANCE ZONE DEDUCTION

Column 1. For partners who were qualified residents domiciled in a

Muskegon Renaissance Zone during the tax year, enter the

Lines 13a-13e

beginning and ending dates of qualification. For other

Column 1. Add the amounts from line 9, column 5, and line 11, column

partners leave this column blank.

6 for each partner and enter the result.

Column 2. For each partner who was a resident domiciled in a

Column 2. Add the amounts from line 10, column 3, and line 12,

Muskegon Renaissance Zone, enter the partner’s share of

column 6 for each partner and enter the result.

the interest and dividend income. For all other partners

enter zero.

Column 3. Subtract line 13, column 2 from line 13, column 2 for each

partner and enter the result, the Renaissance Zone

Column 3. For each partner who was a resident domiciled in a

Deduction. Also enter the Renaissance Zone deduction on

Muskegon Renaissance Zone, enter the partner’s share of

form M-1065 page 1, column2.

the income from sale and exchange of property. For all other

partners enter zero.

ASSISTANCE

Column 4. For each partner who was a resident domiciled in a

If you have question not answered in these instructions, or if you need

Muskegon Renaissance Zone, enter the partner’s share of

assistance in preparing your return call 231-724-6770. Questions by mail

income from rents and royalties. For other partners enter

should be directed to City of Muskegon Income Tax Office, PO 29,

partner’s share of rent and royalty income from property

Muskegon, Michigan 49443.

located in a Muskegon Renaissance Zone.

WEBSITE

Column 5. For each partner who was a resident domiciled in a

Income tax forms, instructions and additional information are available

Muskegon Renaissance Zone, enter the partner’s share of

under the Income Tax Office section of the City of Muskegon website,

other income. For all other partners enter zero.

Column 6. Add line 11, column 2 through 5 for each partner.

NOTICE

DEDUCTION PHASE OUT FOR NONBUSINESS INCOME

These instructions are interpretations of the City of Muskegon Income Tax

Ordinance. The Ordinance will prevail in any disagreement between the

Lines 12a-12e

instructions and the Ordinance.

Column 1. Not used.

Columns 2. through 5.

Calculate the Renaissance Zone phase out for line 12 for

each partner in columns 2 through 5 by multiplying the

Instructions For Schedule Rz Of M-1065 Partnership Renaissance Zone Deduction - Muskegon Page 2

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