Biodiesel Fuel
BC
Schedule
Production Credit
2013
Wisconsin Department
Enclose with Form 1, 1NPR, 2, 3, 4, 4T, 5, or 5S
of Revenue
Name
Identifying Number
1
Fill in the number of gallons of biodiesel fuel you produced in Wisconsin during
the taxable year. If the number of gallons is less than 2,500,000, you do not
qualify for the credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
2
Multiply the number on line 1 by .10 (10 cents) . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
3
Fill in the biodiesel fuel production credit passed through from other entities . . . . 3
4
Add the amounts on lines 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
5
Maximum yearly credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
$1,000,000
6
Fill in the smaller of line 4 or line 5. This is your 2013 biodiesel fuel production
credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
6a Fiduciaries – Fill in the amount of credit allocated to beneficiaries . . . . . . . . . . . . 6a
6b Fiduciaries – Subtract line 6a from line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6b
7
Carryover of unused biodiesel fuel production credit . . . . . . . . . . . . . . . . . . . . . . . 7
Add lines 6 and 7 (lines 6b and 7 if fiduciary). This is the available biodiesel
8
fuel production credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Instructions for 2013 Schedule BC
GENERAL INSTRUCTIONS
Partnerships, LLCs treated as partnerships, and
tax-option (S) corporations cannot claim the credit;
instead the credit flows through to the partners,
Purpose of Schedule BC
members, or shareholders based on their owner-
ship interests.
Use Schedule BC to claim the biodiesel fuel produc-
tion credit. The credit is available for taxable years
Estates and trusts share the credit with their benefi-
beginning after December 31, 2011, and before
ciaries in proportion to the income allocable to each.
January 1, 2014.
Definition
Who is Eligible to Claim the Credit
"Biodiesel fuel" means a fuel that is comprised of
Any individual, estate, trust, partnership, limited li-
monoalkyl esters of long chain fatty acids derived
ability company (LLC), corporation, tax-option (S)
from vegetable oils or animal fats. The fuel must (1)
corporation, insurance company, or tax-exempt
be registered as a biodiesel fuel by the manufacturer
organization may be eligible for the credit based on
under 40 CFR Part 79, (2) be pure biodiesel fuel, is
the number of gallons of biodiesel fuel produced in
identified as such with the alphanumeric B100, and
Wisconsin during the taxable year.
IC-017