Schedule Wb - Woody Biomass Harvesting And Processing Credit - 2013
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1
2Woody Biomass Harvesting and
Schedule
WB
Processing Credit
2013
File with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5 or 5S
Wisconsin Department
Read instructions before filling in this schedule
of Revenue
Name
Identifying Number
1 Enter amount of woody biomass harvesting and processing credit allocated to you by the
Department of Agriculture, Trade, and Consumer Protection . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2 Enter woody biomass harvesting and processing credit passed through from other entities . .
2
3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
4 Maximum credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
$100,000
4a Enter credit computed for prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4a
4b Subtract line 4a from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4b
-100,000
5 Fill in the smaller of line 3 or line 4b . This is your 2013 woody biomass harvesting and
-100,000
processing credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
5a Fiduciaries - enter the amount of credit allocated to beneficiaries . . . . . . . . . . . . . . . . . . . . . . 5a
5b Fiduciaries - subtract line 5a from line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5b
-100,000
Instructions for 2013 Schedule WB
No credit is allowed unless the claimant satisfies the
Purpose of Schedule WB
following requirements:
Use Schedule WB to claim the woody biomass
•
The claimant is certified by the DATCP.
harvesting and processing credit, which is available
for taxpayers who are certified by the Department
•
The claimant has received from the DATCP
of Agriculture, Trade, and Consumer Protection
notice of the amount of credit allocated to the
(DATCP) . For information regarding how to become
claimant .
certified, visit the DATCP web site at datcp .wi .gov
or write to the DATCP, PO Box 8911, Madison WI
The credit must be claimed within four years of the
53708-8911 .
unextended due date of the return .
The credit is available for taxable years beginning
Maximum Credit
on or after January 1, 2010, and before January
1, 2015.
The maximum woody biomass harvesting and
processing credit allowed for taxable years that begin
Who is Eligible to Claim the Credit
on or after January 1, 2010, and before January 1,
2015, is $100,000 .
Any individual, estate, trust, partnership, limited
liability company (LLC), corporation or tax-exempt
The aggregate amount of credit that a partnership,
organization that is certified by the DATCP may be
limited liability company treated as a partnership,
eligible for the credit .
or tax-option (S) corporation may compute may not
exceed $100,000 . If two or more persons own and
Partnerships, LLCs treated as partnerships, and tax-
operate the woody biomass harvesting or processing
option (S) corporations cannot claim the credit, but
operation, each person may claim a credit in
the credit amount attributable to the entity’s business
proportion to his or her ownership interest, except
operations pass through to the partners, members,
that the aggregate amount of credits claimed by all
or shareholders .
persons who own and operate the operation may
not exceed $100,000 .
IC-070
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