Schedule Mi - Manufacturing Investment Credit - 2015
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MI
Manufacturing Investment Credit
Schedule
2015
File with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6
Wisconsin Department
of Revenue
Name
Identifying Number
Round Amounts to Nearest Dollar
1
Enter the amount of your manufacturer's sales tax credit carryover that
was certified by the former Wisconsin Department of Commerce . . . . . . . . 1
.00
2
Divide the amount on line 1 by 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
.00
3
Manufacturing investment credit passed through from tax-option (S)
corporations (from Schedule 5K-1, line 13):
3a Entity Name
.00
FEIN
Amount 3a
3b Entity Name
.00
FEIN
Amount 3b
.00
3c Total pass through credits from additional schedule. 3c
3d Total credits (add lines 3a through 3c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3d
.00
4
Add lines 2 and 3d. This is your 2015 manufacturing investment credit . . . 4
.00
4a Fiduciaries - enter the amount of credit allocated to beneficiaries . . . . . . . 4a
.00
4b Fiduciaries - subtract line 4a from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . 4b
.00
5
Carryover of unused manufacturing investment credit (see instructions) . . 5
.00
Add lines 4 and 5 (lines 4b and 5 if a fiduciary). This is the available
6
manufacturing investment credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
.00
Instructions for 2015 Schedule MI
Go to Page 2
Purpose of Schedule MI
Credit is Income
The credit computed on line 2 of Schedule MI is income
Use Schedule MI to claim the manufacturing investment
and must be reported on your Wisconsin franchise or
credit. In order for the claimant to receive the credit,
the claimant’s business must have been certified by
income tax return in the year computed. (Note: The
amount on line 2 must be included in income for each
the former Department of Commerce (DOC), now the
taxable year for taxable years beginning in 2008 through
Wisconsin Economic Development Corporation.
taxable years beginning in 2022.)
Any individual, estate, trust, corporation, or tax-exempt
organization whose business was certified by the DOC
Carryforward of Unused Credits
and had a manufacturer’s sales tax credit carryover to
The manufacturing investment credit is nonrefundable.
2006 of more than $25,000 may be eligible for the credit.
If you do not use your 1/15 share of the credit in a tax
year, the unused portion may be carried forward for
up to 15 years.
IC-068
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