Form M-P - Wisconsin Manufacturing Personal Property Return - 2013 Page 15
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20Schedule LI – LEASEHOLD IMPROVEMENTS AND BUILDING COMPONENTS
WHAT TO REPORT:
HOW TO REPORT:
All leasehold items. These property items are typically classified as real estate, but are owned by someone
Col. 1a: Type of leasehold or building component.
different than the owner of the land. If at more than one location, list the address in column 2.The building
Col. 1b: Check if item is non-taxable as personal property.
components should be reported as leasehold improvements on Schedule LI.
Col. 2: Describe the item completely.
Building Components normally assessed as real estate (heating, lighting, plumbing, remodeling, office finish,
Col. 3: Location of leasehold improvement or building component.
land im provements, etc.) which you have capitalized as personal property because of investment tax
credit or other considerations. The building components should be reported as leasehold improvements
Col. 4: Enter the year the property was added/acquired.
on Schedule LI.
Col. 5: Enter the acquisition cost of the leasehold improvement or building component.
NOTE: Buildings on leased land should be reported on Schedule LB.
Enter the total acquisition cost at the bottom of this column. (Make additional
copies of schedule as needed.) This total cost must agree with the figure on
EXAMPLES:
I = Improvements/ Building Components ..... Replace entire component (replace roof)
Schedule Y-P, Line 6, Column 5.
Rm = Remodeling ............................................ Upgrade finish (paint walls)
Col. 6: Enter the index factor found in Column 5 on Schedule F (10 year composite
Rp = Repair ..................................................... General upkeep (patch the roof)
useful life factor) that corresponds to the acquisition year of the property.
LI = Land Improvements ................................ Pave parking lot, landscape site
Col. 7: Column 5 multiplied by Column 6. Do this for each entry and compute a final
total. This total is entered on Schedule A, Line 9, Column 2.
State Identification Number
P
Local Account Number
Column 1a
Column 1b
Column 2
Column 3
Column 4
Column 5
Column 6
Column 7
Type
Non-
Year
Cost of
Index
Indexed
LEAVE
Description of Leasehold or
Location
taxable
Acquired
Acquisition
Factor
Net Value
BLANK
Building Component
as PP
(10 yr)
(Col. 5 x Col. 6)
I Rm Rp LI
TOTAL
THIS COST SHOULD
THIS VALUE IS
EXPLAIN ANY CHANGES
AGREE WITH SCH Y-P,
ENTERED ON SCH A,
OF 20% OR MORE IN ANY
LINE 6, COL 5
LINE 9, COL 2
GIVEN YEAR
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