Schedule Dm - Dairy Manufacturing Facility Investment Credits - 2013 Page 2
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2013 Schedule DM
Page
Part IV: Application of Limitation
9
Add lines 5 and 8 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9
10a Maximum credit . Check (ü) the space next to "10a" if you are required to submit more than
$200,000
one Schedule DM (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
10a
10b Fill in the credit computed on Schedule DM for years 2007 to 2012 (from 2012 Schedule DM,
line 10b plus lines 13 and 14) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10b
200,000.00
10c Subtract line 10b from line 10a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10c
11
Fill in the smaller of line 9 or line 10c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Part V: Available Amount of Each Credit
12
Divide the amount on line 11 by the amount on line 9 and enter the result as a
.
%
percentage (if the result is 1, enter 100 .0000%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
13
Multiply the amount on line 5 by the amount on line 12 and enter the result .
This is the available dairy manufacturing facility investment credit, subject to the limitation
provided in the instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13
13a Fiduciaries - enter the amount of credit allocated to beneficiaries . . . . . . . . . . . . . . . . . . . . . . . . 13a
13b Fiduciaries - subtract line 13a from line 13 (enter on Schedule CR) . . . . . . . . . . . . . . . . . . . . . . . 13b
14
Multiply the amount on line 8 by the amount on line 12 and enter the result .
This is the available dairy cooperatives credit, subject to the limitation provided
in the instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14
14a Fiduciaries - enter the amount of credit allocated to beneficiaries . . . . . . . . . . . . . . . . . . . . . . . . 14a
14b Fiduciaries - subtract line 14a from line 14 (enter on Schedule CR) . . . . . . . . . . . . . . . . . . . . . . . 14b
Instructions for 2013 Schedule DM
General Instructions
credit available to all claimants for taxable years beginning in 2009 is
$700,000 . For dairy manufacturing facilities of dairy cooperatives, the
maximum credit available to all claimants for taxable years beginning
Purpose of Schedule DM
in 2010 is $700,000 .
Use Schedule DM to claim the dairy manufacturing facility investment
credit, which includes the dairy cooperatives credit . This credit is for
Claiming the Credit
taxpayers who have invested to modernize or expand dairy manufacturing
facilities in Wisconsin and who have been certified by the Department
For taxable years beginning after December 31, 2008 and before
January 1, 2014, a claimant who is a member of a dairy cooperative may
of Agriculture, Trade and Consumer Protection (DATCP) . For dairy
claim the credit in the year after the year in which the dairy manufacturing
manufacturing facilities of entities other than dairy cooperatives, the
modernization for expansion occurs .
credit is available for taxable years beginning after December 31, 2006
and before January 1, 2014 . For dairy manufacturing facilities of dairy
Caution: Credit is Income
cooperatives, the credit is available for taxable years beginning after
December 31, 2008 and before January 1, 2014 .
The credit that you compute on Schedule DM is income and must be
reported on your Wisconsin franchise or income tax return as income
For information on how to become certified by the DATCP, visit the
in the year computed .
DATCP web site at datcp .wi .gov or write to the Wisconsin Department
of Agriculture, Trade and Consumer Protection, PO Box 8911, Madison,
The amount of credits computed and not passed through by a
WI 53708-8911 .
partnership, limited liability company, or tax-option corporation that has
added that amount to the partnership's, limited liability companies, or
Who is Eligible to Claim the Credit
tax-option corporation's income shall be added to a claimant's income in
Any individual, estate, trust, partnership, limited liability company (LLC),
the year in which the cooperative member is allowed to claim the credit .
corporation, tax-exempt organization, or dairy cooperative that has
invested in modernizing or expanding a dairy manufacturing facility in
Specific Instructions
Wisconsin and is certified by the DATCP may be eligible.
Line 1. Fill in on lines 1a through 1j the cost of constructing, improving,
Tax-option (S) corporations, partnerships, LLCs treated as partnerships,
or acquiring buildings or facilities, or acquiring equipment, related to
and dairy cooperatives, cannot claim the credit at the entity level .
the claimant’s dairy manufacturing operation . The property must have
However, the credit attributable to the entity’s business operations
been acquired and placed in service in the taxable year beginning in
passes through to the entity’s shareholders, partners, or members .
2013 . The property must be used exclusively for dairy manufacturing .
“Dairy manufacturing” means processing milk into dairy products or
For dairy manufacturing facilities of entities other than dairy
processing dairy products for sale commercially .
cooperatives, the maximum dairy manufacturing facility investment
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