Form 4902 - Michigan Corporate Income Tax Schedule Of Recapture Of Certain Business Tax Credits - 2014 Page 13

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○ Worksheet 4c (lines and columns not listed are
Capital Investment amount reported on Worksheet
explained on the table):
4a, line 4, column B. Divide amounts from
Worksheet 4a, line 4, column C by amounts from
•
Line 6, column A: Enter only taxable years in
worksheet 4a, line 4, column B for each taxable
which SBT ITC disposed assets were acquired.
Dates should match those listed on Worksheets 3a,
year and enter results here. If the quotient of that
division for a particular tax year on line 6, column
3b, and 3c, columns A. List each date only once.
A equals zero, and the amount on Worksheet 4c,
•
Line 6, column C: For each taxable year on line 6,
line 6, column B is positive, instead of zero, enter
column A, find the corresponding SBT ITC amount
the following on line 6, column C as appropriate:
reported on worksheet 4a, line 4, column C, and Net
Worksheet 4a
4.
A
B
C
D
E
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
85

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