Schedule Dm - Dairy Manufacturing Facility Investment Credits - 2013 Page 3
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2013 Schedule DM
Page
“Used exclusively” means used to the exclusion of all other uses except
Tax-option (S) corporations, partnerships, and LLCs treated as
for use not exceeding 5 percent of total use .
partnerships: Prorate the amount of credit on lines 13 and 14 among
the shareholders, partners, or members based on their ownership
interests . Show the credit for each shareholder on Schedule 5K-1 and
Note: The amounts you enter in line 1 should match the amounts in
for each partner or member on Schedule 3K-1 .
your application to the Wisconsin DATCP .
Fiduciaries: Estate and trusts that file Form 2 must complete lines 13a
Line 3. Enter the amount of credit allocated to you by the Wisconsin
DATCP based on the amounts you entered above .
and 13b and/or 14a and 14b .
Line 4. If applicable, fill in the amount of dairy manufacturing facility
Prorate the credit from line 13 and/or 14 between the entity and its
beneficiaries in proportion to the income allocable to each. Show the
investment credit passed through from tax-option (S) corporations (from
beneficiaries’ portion of the credit on line 13a and/or 14a. Show the
Schedule 5K-1), partnerships and LLCs treated as partnerships (from
credit for each beneficiary on Schedule 2K-1.
Schedule 3K-1), and estates and trusts (from Schedule 2K-1) .
For dairy manufacturing facilities of dairy cooperatives, the maximum
Subtract line 13a from line 13 and/or line 14a from line 14 . This is the
credit available to all claimants for taxable years beginning in 2010 is
estate’s or trust’s portion of the credit . Enter the amount of credit from
$700,000 . If you had any credit allocated to you from a dairy cooperative
line 13b on the appropriate line of Schedule CR . Enter the amount from
(from Schedule DMK-1), do not include that amount on line 4 . Include
line 14b on the appropriate line of Schedule CR .
the amount from Schedule DMK-1 on line 7b instead .
Dairy Cooperatives: Allocate the credit on line 14 in proportion to the
amount of milk delivered to the dairy cooperative by each member .
Line 7a. If the dairy cooperative had dairy manufacturing facility
investment credits passed through from tax-option (S) corporations
For each member, prepare Schedule DMK-1 to show the amount al-
(from Schedule 5K-1), partnerships of LLCs treated as partnerships
located to that member . For each Schedule DMK-1 you prepare, you
(from Schedule 3K-1), or estates and trusts (from Schedule 2K-1), fill
must submit a copy to the Department of Revenue and provide another
in the total of those amounts .
copy to the appropriate member .
Members of a dairy cooperative who are allocated a dairy cooperative
Line 7b. This line applies to entities that are members of cooperatives,
credit for 2012 may first claim that credit on their 2013 return. The 2012
including cooperatives that are members of other cooperatives .
credit must be added to income on the member's 2013 return, instead
Line 10a. You are required to submit more than one Schedule DM if you
of the 2012 return . As a result, the dairy cooperative will allocate the
have more than one dairy manufacturing facility and the sum of the credit
credit computed on its 2012 Schedule DM to cooperative members on
amounts allocated to you by the DATCP for all of the facilities exceed
a 2013 Schedule DMK-1 .
$200,000 . File one Schedule DM per dairy manufacturing facility .
If the dairy cooperative is not otherwise required to file a Wisconsin
income or franchise tax return, the cooperative must submit Schedule
Line 11.
In general, the maximum dairy manufacturing facility
DM and the copies of Schedule DMK-1 with a Wisconsin Partnership
investment credit, including the dairy cooperatives credit, that is allowed
Return, Form 3, indicating on line D of Form 3 that the form is being
for property acquired and placed into service after December 31, 2006,
filed by a cooperative for purposes of computing and allocating the dairy
and before January 1, 2014 (as applicable), is $200,000, for each of
the claimants dairy manufacturing facilities .
cooperatives credit . You do not have to complete any other part of Form
3 or prepare Schedules 3K-1 . If the dairy cooperative is already required
to file a Wisconsin return, submit Schedule DM and the Schedules
For facilities owned by tax-option (S) corporations, partnerships, and
LLCs treated as partnerships, each shareholder, partner, or member
DMK-1 to the Department of Revenue with that return .
may claim the credit in proportion to her or his ownership interest, but
the total amount allowed to all persons who own and operate the facility
Required Attachments to Return
may not exceed $200,000, for each of the entity's dairy manufacturing
facilities .
File your completed Schedule DM with your Wisconsin franchise or
income tax return . Dairy cooperatives that are not otherwise required
For facilities owned by dairy cooperatives, each member may claim
to file a Wisconsin franchise or income tax return must submit Schedule
the credit in proportion to the amount of milk delivered to the dairy
DM and copies of Schedule DMK-1 with Wisconsin Form 3, as
cooperative, as allocated by the dairy cooperative, but the total amount
explained in Dairy Cooperatives, above . Also include a copy of your
allowed to all persons who own and operate the facility may not exceed
DATCP certification to claim the credit. Shareholders of tax-option (S)
$200,000, for each of the entity's dairy manufacturing facilities .
corporations, partners of partnerships, members of LLCs treated as
partnerships, beneficiaries of estates or trusts, and members of dairy
Lines 13 and 14. In general, the maximum amount of dairy
cooperatives must file a copy of Schedule 5K-1, 3K-1, 2K-1, or DMK-1,
manufacturing facility credit, including the dairy cooperatives credit, that
as appropriate, with Schedule DM instead of the certification.
a claimant may claim for all taxable years may not exceed $200,000 for
each of the claimant's dairy manufacturing facilities .
Additional Information
To the extent not limited as described above, enter the amount as an
addition to income on the appropriate line of your Wisconsin income
For more information, you may:
or franchise tax return .
• E-mail your question to corp@revenue .wi .gov
Persons who file Form 1, 1NPR, 4, 4T, or 5: Enter the amount of
• Call (608) 266-2772 [TTY: Call the Wisconsin Telecommunications
credit from line 13 of Schedule DM on the appropriate line of Schedule
CR and the amount from line 14 of Schedule DM on the appropriate
Relay System at 711 . If no answer, dial 1-800-947-3529]
line of Schedule CR .
• Send a FAX to (608) 267-0834
Combined group members: If the claimant is a combined group
• Write to the Audit Bureau, Wisconsin Department of Revenue, Mail
member, enter the credit amounts on Form 4M instead of Schedule CR .
Stop 5-144, PO Box 8906, Madison, WI 53708-8906 .
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