Instructions For 1998 Schedule Dc - Wisconsin Department Of Revenue Page 2
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7Tax-exempt organizations that have unrelated business
A.
50% of the amount spent for environmental remediation
taxable income should complete the appropriate line on Form
in a development zone.
4T.
Environmental remediation means:
•
removal or containment of environmental pollution,
Credit Is Income
•
restoration of soil or groundwater that is affected by
environmental pollution in a brownfield, and
The credit that you compute on Schedule DC is income and
•
investigation, unless the investigation determines
must be reported on your Wisconsin franchise or income tax
that remediation is required and that remediation is
return in the year computed. This is true even if you cannot
not undertaken.
take the full amount of a credit computed this year and must
carry part of it forward to subsequent years.
The removal, containment, or restoration work, other
than planning and investigating, must be begun after the
area that includes the site where the work is being done
Additional Forms
is designated a development zone and after the claim-
ant is certified for tax benefits.
If you need forms, you may:
•
call (608) 266-1961
Environmental pollution means the contaminating or
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write to the Forms Request Office, Wisconsin Depart-
rendering unclean or impure the air, land, or waters of
ment of Revenue, P.O. Box 8903, Madison, WI 53708-
the development zone, or making it injurious to public
8903
health, harmful for commercial or recreational use, or
•
use your FAX telephone to call the department’s Fax-A-
deleterious to fish, bird, animal, or plant life.
Form Retrieval System at (608) 261-6229
•
download forms and instructions from the department’s
Brownfield means an industrial or commercial facility
Internet website at
the expansion or redevelopment of which is complicated
•
use the Tax Forms and Publications Request Form on
by environmental contamination.
the department’s Internet website
B.
The total of the following amounts allowed by the
Department of Commerce for job creation or retention:
Additional Information
For more information, you may:
1.
The dollar amount, up to $6,500, multiplied by the
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call (608) 266-2772 [TTY (608) 267-1049]
number of full-time jobs created in a development
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write to the Audit Bureau, Wisconsin Department of
zone and filled by a member of a targeted group.
Revenue, P.O. Box 8906, Madison, WI 53708-8906
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send a FAX to (608) 267-0834
2.
The dollar amount, up to $4,000, multiplied by the
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e-mail your question to corp@mail.state.wi.us
number of full-time jobs created in a development
zone and not filled by a member of a targeted
group.
Carryover of Unused Credits
3.
The dollar amount, up to $6,500, multiplied by the
The development zones credit is nonrefundable. Any unused
number of full-time jobs retained in a development
credits may be carried forward for 15 years, with certain
zone, excluding jobs for which the former Wiscon-
exceptions which are explained later.
sin jobs credit has been claimed, and filled by a
member of a targeted group.
If there is a reorganization of a corporation claiming a devel-
opment zones credit, the limitations provided by Internal
4.
The dollar amount, up to $4,000, multiplied by the
Revenue Code (IRC) section 383 may apply to the carryover
number of full-time jobs retained in a development
of any unused Wisconsin development zones credits.
zone, excluding jobs for which the former Wiscon-
sin jobs credit has been claimed, and not filled by
a member of a targeted group
Part I — Computation of Credit
The above dollar amounts must be reduced by wage
subsidies the employer receives under the Wisconsin
General Instructions
Works trial job program for those jobs.
The development zones credit is the total of the following
Full-time job means a regular, nonseasonal full-time
amounts:
position in which an individual must work at least 2,080
hours per year, including paid leave and holidays. The
individual must receive pay that is equal to at least
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