Form 4902 - Michigan Corporate Income Tax Schedule Of Recapture Of Certain Business Tax Credits - 2012 Page 13
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14○ Worksheet 4b, columns A and B: Leave lines blank.
from line 8, column M to Worksheet 4a, line 4, column
E for each appropriated tax year line.
○ Worksheet 4a, Column E: Enter results from the
• Method C:
taxpayer’s own software of choice (that is, a non-Treasury
Web tool) or the taxpayer’s own calculation that reflects
○ Worksheet 4a, columns A through D: Leave lines
the MBT statute. Retain records to substantiate figures
blank.
entered in the filed return.
Worksheet 4a
A
B
C
D
E
4.
Maximum or
Actual Calculated
Effective
Return For
Recapture
Taxable Year
Net Capital Investment
SBT ITC
SBT ITC Used
Percentage Rate
Ending
(C-8000ITC, Line 24)
(C-8000ITC, Line 33)
(C-8000ITC, Line 36)
of SBT ITC by Year
(MM-DD-YYYY)
%
%
%
Worksheet 4b
5.
A
B
Return For
Taxable Year
SBT ITC Carryforward Used
Ending
(Form 4569, line 3)
(MM-DD-YYYY)
Worksheet 4c
6.
A
B
C
D
Taxable Year
(End Date)
SBT ITC Credit Rate
In Which Disposed
SBT Capital
Divide line 4, column C,
Gross SBT ITC Credit Amount
Asset Were Acquired
Investment Amount
by line 4, column B
Multiply column B
(MM-DD-YYY)
(C-8000ITC, line 10)
(See Instructions if zero)
by column C
7.
E
F
G
H
Taxable Year
SBT Recapture Capital
SBT Recapture Amount Offset
(repeat from
Investment Amount
Gross SBT ITC Credit Recapture
by Credit
column A)
(C-8000ITC, line 23)
Multiply column F by column C
Lesser of columns D and G
8.
I
J
K
L
M
SBT ITC Recapture Rate
Extent Credit Used Rate
Multiply columns C
Taxable Year
SBT ITC Credit Amount
Divide column K by
and L. Carry amount to
(repeat from
That offsets SBT liability
Total SBT ITC Credit Amount Used
column D (cannot be
Worksheet 4a, line 4,
column A)
(from webtool)
Add columns J and H
more than 1)
column E
79
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