Form 4975 - Schedule Of Corporate Income Tax Liability For A Michigan Business Tax Financial Filer - 2013

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Michigan Department of Treasury

Attachment 28

4975 (Rev. 04-13), Page 1

2013 MICHIGAN Schedule of Corporate Income Tax Liability

for a Michigan Business Tax Financial Filer

Issued under authority of Public Act 36 of 2007 and PA 39 of 2011.

Federal Employer Identification Number (FEIN)

Name (print or type)

PART 1: CIT TAX BEFORE CREDIT — Unitary Business Groups, see instructions.

2009

2010

2011

2012

2013

1. Amount from Form

4590, line 18 .........

2. Goodwill from

Form 4590,

line 12 ...................

3. Add lines 1

and 2.....................

4. Add lines 3A, 3B, 3C, 3D, 3E. If less than zero, enter zero here; skip to line 7 and enter zero .........................

5. Net Capital for Current Taxable year. Divide line 4 by number of tax years reported above .............................

6. Apportioned Tax base. Multiply line 5 by percentage on Form 4590, line 10c ...................................................

7. Tax Liability. Multiply line 6 by 0.29% (0.0029) ...................................................................................................

PART 2: CREDITS

8. Certificated Nonrefundable Credits from Form 4947, line 11 .............................................................................

9. Subtract line 8 from line 7. If less than zero, enter zero .....................................................................................

10. Recapture from Form 4947, line 28 ....................................................................................................................

10.

11. Total CIT Liability before credits. Add lines 9 and 10 ..........................................................................................

11.

12. Certificated Refundable credits from Form 4947, line 39 ...................................................................................

12.

13. Subtract line 12 from line 11. If less than zero, enter as a negative number.

(A negative number here represents an overpayment.) .....................................................................................

13.

PART 3: MBT CALCULATION TO COMPARE AGAINST CIT FOR FINANCIAL

14. Total MBT liability from Form 4590, line 30 ........................................................................................................

14.

15. Refundable credits from Form 4590, line 37 ......................................................................................................

15.

16. MBT liability after refundable credits. Subtract line15 from line 14. If less than zero, enter as a negative

number. (A negative number here represents an overpayment) ........................................................................

16.

17. If line 13 is greater than line 16 enter the difference. If line 16 is greater than or equal to line 13, enter zero.

Carry to form 4590, line 31 .................................................................................................................................

17.

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