Schedule Eb - Ethanol And Biodiesel Fuel Pump Credit - 2012 Page 2
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2Schedule EB
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Page
"Gasoline replacement renewable fuel" includes
Line 5a: Fiduciaries - Prorate the credit from line 5
between the entity and its beneficiaries in proportion
ethanol and any other fuel derived from a renewable
to the income allocable to each. Show the beneficia-
resource that meets all of the applicable requirements
of the American Society for Testing and Materials for
ries’ portion of the credit on line 5a. Show the credit
for each beneficiary on Schedule 2K-1.
that fuel and that the Department of Safety and Pro-
fessional Services designates by rule as a gasoline
replacement renewable fuel.
Line 5b: Fiduciaries - Show only the entity’s portion
of the credit on line 5b.
Partnerships, LLCs treated as partnerships, and
tax-option (S) corporations cannot claim the credit,
Line 7: Enter the amount of credit from line 7 on the
but the credit attributable to the entity’s business
appropriate line of Schedule CR. See the following
operations passes through to the partners, members,
exceptions:
or shareholders.
•
If the claimant is a combined group member,
Credit is Income
enter the amount of credit on Form 4M instead
of Schedule CR.
The credit you compute on Schedule EB is income
•
Tax-option (S) corporations, partnerships, and
and must be reported on your Wisconsin franchise
or income tax return in the year computed.
LLCs treated as partnerships should prorate the
amount of credit on line 7 among the shareholders,
partners, or members based on their ownership
Carryforward of Unused Credits
interest. Show the credit for each shareholder on
The ethanol and biodiesel fuel pump credit is nonre-
Schedule 5K-1 and for each partner or member
fundable. Any unused credit may be carried forward
on Schedule 3K-1.
for 15 years.
Required Attachments to Return
If there is a reorganization of a corporation claiming
You must file your completed Schedule EB with your
the ethanol and biodiesel fuel pump credit, the limi-
tations provided by Internal Revenue Code section
Wisconsin franchise or income tax return.
383 may apply to the carryover of any unused credit.
Additional Information
Who is Eligible to Claim the Credit
For more information, you may:
Line 1: Complete a separate line (lines 1a through
1e) for each station location. Do not fill in more than
•
E-mail your questions to
$20,000 for any station location. If you have more
corp@revenue.wi.gov
than five stations, complete a separate schedule
•
Call (608) 266-2772 [TTY: Call the Wisconsin
providing the same information for each additional
station. Fill in the total from any separate schedule
Telecommunications Relay System at 711. If no
on line 1f.
answer, dial 1-800-947-3529]
•
Send a FAX to (608) 267-0834
Line 4: Fill in the amount of ethanol and biodiesel
fuel pump credit passed through from tax-option
•
Write to the Audit Bureau, Wisconsin
(S) corporations, partnerships, LLCs treated as
partnerships, estates, or trusts. The pass-through
Department of Revenue, Mail Stop 5-144,
credit is shown on Schedule 5K-1 for shareholders
PO Box 8906, Madison WI 53708-8906
of tax-option (S) corporations, Schedule 3K-1 for
partners and LLC members, and Schedule 2K-1 for
beneficiaries of estates or trusts.
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