Form Bc-1040 - Individual Return - Battle Creek - 2012 Page 11
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12Taxpayer's name
Taxpayer's SSN
2012 BATTLE CREEK
RENAISSANCE ZONE DEDUCTION, SCH RZ - FORM BC-1040, PAGE 2, DEDUCTIONS SCHEDULE, LINE 6
Allachment 19
FOR USE BY A RESIDENT DOMICILED IN A RENAISSANCE ZONE, AN INDIVIDUAL WITH INCOME FROM RENTAL REAL ESTATE
LOCATED IN A RENAISSANCE ZONE OR AN INDIVIDUAL PROPRIETORSHIP, PROFESSION OR PARTNERSHIP LOCATED AND
CONDUCTING BUSINESS IN A RENAISSANCE ZONE TO COMPUTE THE RENAISSANCE ZONE DEDUCTION
DISQUALIFICATION CRITERIA
AN INDIVIDUAL IS NOT QUALIFIED TO CLAIM THE RENAISSANCE ZONE DEDUCTION IF ANY OF THE FOLLOWING TAXES ARE DELINQUENT:
City Income Tax
Personal Property Tax
Commercial Facilities Tax (CFT)
City (Detroit) Utilities Users Tax
Michigan Income Tax
Michigan Single Business Tax
Enterprise Zone Tax
Technology Park Development Tax
General Pro ert Tax
Industria! Facilities Tax 1FT
Nei hborhood Enter rIse Zone Tax
Commercial Forest Tax
DEDUCTION ALLOWANCE FACTOR
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1012312012
The Renaissance Zone deduction is phased out during the final three years of a Renaissance Zone's designation. The Deduction Allowance Factor is: 75% for
the tax year that is 2 years before the final year of designation; 50% for the tax year immediately preceding the final year of designation; 25% for the final year
of designation; and 100% for all other years of designation.
RESIDENT DOMICILED IN A RENAISSANCE ZONE
Complete this section if you were a resident of Battle Creek domiciled in a Renaissance Zone
A 183 day residence requirement must be completed before qualifying to claim the Renaissance Zone Deduction
1. Address of domicile in Renaissance Zone
9
11
12
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oc
on
oei
(Ole,
00
OC
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00
Days
%
13
10
14. Enter Deduction Allowance Factor on line 14a, 100%, 75%, 50% or 25%; multiply line 13 by 14a;
enter deduction on line 14b and on Form BC-1040, page 2, Deduction schedule, line 6.)
14a
%
14b
2.
Date domicile established at this residence'
I
I
If domicile is continuous for at least 183 days, taxpayer is qualified on this date.
3.
Dates of domicile this year:
Starting date
I
I
Ending date
I
I
Total number of days
4.
Percentage of year as a qualified resident of a Renaissance Zone (Line 3 divided by 365)
5.
Gross income from Form
BC~1040,
page 1, line 18, column C
6.
Capital gains reported on Form BC-1040, page 1, line 7, column C
7.
Lottery winnings included in income reported on Form BC-1040, page 1, lines 1 or 16, column C
8.
Total deductions related to income included in line 5 (Add amounts reported on BC·1040, pg. 2, Deductions Sch., Lines 1 -
9.
Base income for Renaissance Zone deduction (Line 5 less lines 6, 7 and 8)
10. Total qualified ordinary income (Line 9 multiplied by line 4)
11. Portion of capital gains from sale or exchange of property occurring after qualification date
12. Lottery winnings from an instant lottery game or an online game won after becoming a qualified taxpayer
13. Renaissance Zone deduction base (Add lines 10, 11 and 12)
OTHER INDIVIDUALS WITH INCOME FROM RENTAL REAL ESTATE, BUSINESS, PROFESSION OR PARTNERSHIP LOCATED AND
DOING BUSINESS IN A RENAISSANCE ZONE
Complete this section if you are a resident or nonresident individual with income from rental real estate, a business, profession or partnership
with business activit in a Renaissance Zone
15. Business name (D.B.A.) and address of each location in a Renaissance Zone
RESIDENT
COLUMN
NONRESIDENT
COLUMN
O(
DC:
[)(J
00
%
00
%
16
17
18
COLUMN 3
PERCENTAGE
{Column 2 divided
by column 1}
%
%
%
26a
COLUMN 2
IN REN. ZONE
Business and farming income reported on Form BC·1040, page 1, line 6 or 13, column C
Net operating loss deduction claimed on Form
BC~
1040, page 1, line 16, column C
Retirement plan deduction claimed on Form BC-1040, page 2, Deductions schedule, line 2,
related to income reported on line 17, column C
Base for Renaissance Zone deduction (Line 16 less lines 17 and 18)
COLUMN 1
BATILE
23.
22.
Enter Deduction Allowance Factor on line 26a, 100%,75%,50% or
26. 25%; multiply line 25 by 26a; enter result on line 26b and on BC-1040,
pg. 2, Deduction schedule, line 6.)
21.
20a. Average net book value of real & personal
20b. Gross rents paid on real property multiplied
20c. Total property (Add line 20a and 20b)
20d. Total wages, salaries and other compensation
20e. Total percentages (Add column
line 20c and
20f. Renaissance Zone deduction percentage (Line 20e divided by
Renaissance Zone deduction for business (Line 19 multiplied by line
Renaissance Zone deduction from partnership return; enter
Partnership FEIN on line 22a and deduction amount on line 22b
Address of each parcel of rental real
estate located in a Renaissance Zone
24. Income from rental real estate located within a Renaissance Zone
25. Renaissance Zone deduction base (Add lines 21, 22b and 24)
20. Renaissance Zone Apportionment Percentage
18.
16.
17.
19.
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