Schedule Eb - Ethanol And Biodiesel Fuel Pump Credit - 2013 Page 2
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22013 Schedule EB
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Page
to the income allocable to each. Show the beneficia-
"Gasoline replacement renewable fuel" includes
ethanol and any other fuel derived from a renewable
ries’ portion of the credit on line 5a. Show the credit
for each beneficiary on Schedule 2K-1.
resource that meets all of the applicable requirements
of the American Society for Testing and Materials for
that fuel and that the Department of Safety and Pro-
Line 5b: Fiduciaries - Show only the entity’s portion
fessional Services designates by rule as a gasoline
of the credit on line 5b.
replacement renewable fuel.
Line 7: Enter the amount of credit from line 7 on the
Partnerships, LLCs treated as partnerships, and
appropriate line of Schedule CR. See the following
tax-option (S) corporations cannot claim the credit,
exceptions:
but the credit attributable to the entity’s business
•
If the claimant is a combined group member,
operations passes through to the partners, members,
or shareholders.
enter the amount of credit on Form 4M instead
of Schedule CR.
Credit is Income
•
Tax-option (S) corporations, partnerships, and
The credit you compute on Schedule EB is income
LLCs treated as partnerships should prorate the
and must be reported on your Wisconsin franchise
amount of credit on line 7 among the shareholders,
or income tax return in the year computed.
partners, or members based on their ownership
interest. Show the credit for each shareholder on
Carryforward of Unused Credits
Schedule 5K-1 and for each partner or member
on Schedule 3K-1.
The ethanol and biodiesel fuel pump credit is nonre-
fundable. Any unused credit may be carried forward
Required Attachments to Return
for 15 years.
•
For claimants not receiving the credit passed
through from a partnership, tax-option (S) corpo-
Credits computed but not used prior to the credits
ration, limited liability company, estate, or trust:
expiring January 1, 2014 may be carried forward
subject to the 15 year carry forward limitation.
The only documentation you are required to sub-
mit with your tax return is Wisconsin Schedule
If there is a reorganization of a corporation claiming
EB.
the ethanol and biodiesel fuel pump credit, the limi-
•
For claimants receiving the credit passed through
tations provided by Internal Revenue Code section
from a partnership, tax-option (S) corporation,
383 may apply to the carryover of any unused credit.
limited liability company, estate, or trust: You are
Who is Eligible to Claim the Credit
required to submit Wisconsin Schedule EB and a
copy of the Wisconsin Schedule 2K-1, Schedule
Line 1: Complete a separate line (lines 1a through
3K-1, and/or Schedule 5K-1.
1e) for each station location. Do not fill in more than
$20,000 for any station location. If you have more
Additional Information
than five stations, complete a separate schedule
providing the same information for each additional
For more information, you may:
station. Fill in the total from any separate schedule
•
E-mail your questions to
on line 1f.
corp@revenue.wi.gov
Line 4: Fill in the amount of ethanol and biodiesel
•
Call (608) 266-2772 [TTY: Call the Wisconsin
fuel pump credit passed through from tax-option
(S) corporations, partnerships, LLCs treated as
Telecommunications Relay System at 711. If no
partnerships, estates, or trusts. The pass-through
answer, dial 1-800-947-3529]
credit is shown on Schedule 5K-1 for shareholders
•
Send a FAX to (608) 267-0834
of tax-option (S) corporations, Schedule 3K-1 for
partners and LLC members, and Schedule 2K-1 for
beneficiaries of estates or trusts.
•
Write to the Audit Bureau, Wisconsin
Department of Revenue, Mail Stop 5-144,
Line 5a: Fiduciaries - Prorate the credit from line 5
PO Box 8906, Madison WI 53708-8906
between the entity and its beneficiaries in proportion
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