Schedule Wb - Woody Biomass Harvesting And Processing Credit - 2013 Page 2
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22013 Schedule WB
2 of 2
Page
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Fiduciaries who file Form 2 must complete lines
Credit is Income
5a and 5b .
The credit you compute on Schedule WB is income
Line 5a: Fiduciaries - Prorate the credit from
and must be reported on your Wisconsin franchise
line 5 between the entity and its beneficiaries in
or income tax return in the year computed .
proportion to the income allocable to each . Show the
beneficiaries’ portion of the credit on line 5a. Show
the credit for each beneficiary on Schedule 2K-1.
Specific Line Instructions
Line 5b: Fiduciaries - Subtract line 5a from line 5 .
Line 1: Enter the amount of credit as allocated to you
This is the estate or trusts portion of the credit . Enter
by the DATCP based on 10 percent of the amount
the amount of credit from line 5b on the appropriate
paid in the taxable year for equipment that is used
line of Schedule CR .
primarily to harvest or process woody biomass that
is used as fuel or as a component of fuel .
Required Attachments to Return
“Woody biomass” means trees and woody plants,
including limbs, tops, needles, leaves, and other
File your completed Schedule WB with your
woody parts, grown in a forest or woodland or on
Wisconsin franchise or income tax return . Include
agricultural land .
a copy of your certification to claim tax benefits
and the notice of the amount of credit allocated to
“Used primarily” means to the exclusion of all other
you by the DATCP . Shareholders of tax-option (S)
uses except for use not exceeding 25 percent of
corporations, partners of partnerships, members of
total use .
LLCs treated as partnerships, and beneficiaries of
estates or trusts must file a copy of Schedule 5K-1,
Line 2: Enter the amount of woody biomass
3K-1, or 2K-1, as appropriate, with Schedule WB
harvesting and processing credit passed through
instead of the certification to claim tax benefits and
from tax-option (S) corporations, partnerships,
notice of allocation .
LLCs treated as partnerships, estates, or trusts .
The pass-through credit is shown on Schedule 5K-1
for shareholders of tax-option (S) corporations,
Schedule 3K-1 for partners and LLC members, and
Additional Information
Schedule 2K-1 for beneficiaries of estates or trusts.
For more information, you may:
Line 5: Fill in the smaller of line 3 or line 4b . This
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E-mail your question to
is the total current year woody biomass harvesting
corp@revenue .wi .gov
and processing credit . Enter the amount of credit
•
Call (608) 266-2772 [TTY: Call the Wisconsin
from line 5 on the appropriate line of Schedule CR .
See the following exceptions:
Telecommunications Relay System at 711]
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If the claimant is a combined group member,
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Send a FAX to (608) 267-0834
enter the amount of credit on Form 4M instead
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Write to the Audit Bureau, Wisconsin Department
of Schedule CR .
of Revenue, Mail Stop 5-144, PO Box 8906,
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Tax-option (S) corporations, partnerships, and
Madison WI 53708-8906 .
LLCs treated as partnerships should prorate
the amount of credit on line 5 among the
shareholders, partners, or members based on
their ownership interest . Show the credit for
each shareholder on Schedule 5K-1 and for each
partner or member on Schedule 3K-1 .
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