Schedule Fw - Food Processing Plant And Food Warehouse Investment Credit - 2013 Page 2
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1
2
3Instructions for 2013 Schedule FW
Purpose of Schedule FW
each person may claim a credit in proportion to his
or her ownership interest, except that the aggregate
amount of credits claimed by all persons who own
Use Schedule FW to claim the food processing
and operate the food processing operation may not
plant and food warehouse investment credit . This
exceed $200,000 .
credit is available to taxpayers who have invested
to modernize or expand food processing or food
Credit is Income
warehouse facilities in Wisconsin and who have
been certified by the Department of Agriculture,
The credit you compute on Schedule FW is income
Trade, and Consumer Protection (DATCP) . For
information regarding how to become certified, visit
and must be reported on your Wisconsin franchise or
income tax return as income in the year computed .
the DATCP web site at datcp .wi .gov or write to the
DATCP, PO Box 8911, Madison, WI 53708-8911 .
Specific Line Instructions
The credit is available for taxable years beginning
Line 1: Fill in on lines 1a through 1k the amount paid
on or after January 1, 2010, and before January
1, 2014.
for constructing, improving, or acquiring buildings or
facilities, or acquiring equipment, for food processing
Who is Eligible to Claim the Credit
or food warehousing . The property must have been
acquired and placed in service in Wisconsin in the
Any individual, estate, trust, partnership, limited
taxable year beginning in 2013 . The property must
liability company (LLC), corporation or tax-exempt
be used exclusively for food processing or food
organization that has invested in modernizing or
warehousing .
expanding food processing or food warehouse
facilities in Wisconsin and is certified by the DATCP
“Food processing plant” means any place where
may be eligible for the credit .
food processing is conducted, except it does not
include (1) dairy plants licensed under sec . 97 .20,
Partnerships, LLCs treated as partnerships, and
Wis . Stats ., (2)
tax-option (S) corporations cannot claim the credit
meat establishments licensed under sec . 97 .42,
at the entity level . However, the credit attributable
Wis . Stats ., (3) retail food establishments, or (4) any
to the entity’s business operations passes through
restaurant or other establishment holding a permit
to the partners, members, or shareholders .
under sec . 254 .64, Wis . Stats .
No credit is allowed unless the claimant satisfies the
“Food warehouse” means a warehouse used for
following requirements:
the storage of food, and includes a cold-storage
warehouse, frozen-food warehouse and frozen-
• The claimant is certified by the DATCP
food locker plant . It does not include: (1) a
• The claimant has received from the DATCP notice
warehouse used solely for the storage of grain or
other raw agricultural commodities, (2) a retail food
of the amount of credit allocated to the claimant .
establishment, restaurant or other retail facility at
which food is stored on a temporary basis incidental
Maximum Credit
to retail preparation or sale, (3) a warehouse located
in a dairy plant, a food processing plant, or a meat
The maximum food processing plant and food
establishment, and used primarily for the storage
warehouse investment credit allowed for taxable
of food ingredients or food products manufactured
years that begin on or after January 1, 2010, and
or processed at the licensed establishment, (4) a
before January 1, 2014, is $200,000 .
warehouse operated by a milk distributor and used
primarily for the storage and distribution of milk
The aggregate amount of credit that a partnership,
and fluid milk products, and (5) a facility owned or
limited liability company treated as a partnership,
operated by a consumer and used by that consumer
or tax-option (S) corporation may compute may not
to store food for the consumer’s use .
exceed $200,000 . If two or more persons own and
operate the food processing plant or food warehouse,
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