Form 5298 - City Of Detroit Corporate Renaissance Zone Schedule - 2016
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Michigan Department of Treasury - City Tax Administration
5298 (10-16)
2016 City of Detroit Corporate Renaissance Zone Schedule
Issued under authority of Public Act 284 of 1964, as amended
A corporation is not qualified to claim the Renaissance Zone deduction if any city or state taxes are delinquent. See instructions for
additional Renaissance Zone qualifications.
1 Taxpayer Name
2. Federal Employer Identification Number (FEIN)
3 If this is a consolidated return: Name of Entity in the Zone
4 Entity FEIN
5. Starting Date Qualified to Claim Zone Deduction this Tax Year (MM-DD-YYYY)
6. Ending Date Qualified to Claim Zone Deduction this Tax Year (MM-DD-YYYY)
To claim a Renaissance Zone deduction, a corporation must have real and/or personal property located in, and be conducting business
activity in, a city Renaissance Zone
RENAISSANCE ZONE APPORTIONMENT PERCENTAgE
7 Property and wages for locations in city
00
a Average net book value of real and tangible personal property located in city (See instructions) 7a
00
b Gross annual rent paid for real property located in city multiplied by 8 7b
00
c Add line 7a and line 7b
7c
00
d Total wages, salaries and other compensation in city 7d
8 Property and wages for locations in the Renaissance Zone
(If in the Renaissance Zone for less than a year, see instructions )
00
a Average net book value of real and tangible personal property located in the Renaissance Zone 8a
00
b Gross annual rent paid for real property located in the Renaissance Zone multiplied by 8 8b
00
c Add line 8a and line 8b
8c
00
d Total wages, salaries and other compensation in the Renaissance Zone 8d
9 Apportionment
%
a Avg net book value of real and tangible personal property and annual rent Divide line 8c by line 7c 9a
%
b Annual wages, salaries, and other compensation Divide line 8d by line 7d 9b
%
c Add line 9a and line 9b
9c
%
d Renaissance Zone deduction percentage Divide line 9c by 2 9d
RENAISSANCE ZONE DEDUCTION
00
10 Net income from Form 5297, line 36
10
00
11 Tentative Renaissance Zone Deduction Multiply line 9d by line 10
11
%
12 Reduced deduction percentage from table below 12
13 Renaissance Zone Deduction Multiply line 11 by percentage on line 12
00
Carry to Form 5297, line 37
13
REDUCED DEDUCTION TABLE
If this tax period begins in the:
The reduced credit is:
Final year of designation as a Renaissance Zone
25 percent (0 25) of tentative deduction on line 11
Year immediately preceding the final year of designation as a
Renaissance Zone
50 percent (0 50) of tentative deduction on line 11
Second year before the final year of designation as a Renaissance
Zone
75 percent (0 75) of tentative deduction on line 11
Third (or greater) year before the final year of designation as a
Renaissance Zone
100 percent (1 00) of the tentative deduction on line 11
+
0000 2016 402 01 27 7
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