Form 4585 - Michigan Business Tax Investment Tax Credit Recapture From Sale Of Assets Acquired Under Single Business Tax - 2014

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Michigan Department of Treasury
Attachment 05
4585 (Rev. 03-13), Page 1
2014 MICHIGAN Business Tax Investment Tax Credit Recapture
From Sale of Assets Acquired Under Single Business Tax
Issued under authority of Public Act 36 of 2007.
Taxpayer Name (If Unitary Business Group, Name of Designated Member)
Federal Employer Identification Number (FEIN) or TR Number
Unitary Business Groups Only: Name of Unitary Business Group Member Reporting on This Form
Federal Employer Identification Number (FEIN) or TR Number
PART 1: CALCULATION OF SINGLE BUSINESS TAX (SBT) INVESTMENT TAX CREDIT (ITC) RECAPTURE BASES
Each row in lines 1-3 is for assets acquired in an SBT tax year and disposed of this year. Enter years in date order, with the oldest listed first. Columns B
and C are totals by acquisition year. Line 1, column D, and Line 2, column E: For all years, enter MBT apportionment percentage from Form 4567, line 11c.
Enter amounts in whole dollars (no cents).
Depreciable Tangible Assets
1.
A
B
C
D
E
F
Apportioned
SBT ITC Recapture
Taxable Year (End Date)
Combined Sales Price
(Base 1)
In Which Disposed
Apportionment
Gain/Loss
of Disposed Assets by
Net Gain/Loss From
Assets Were Acquired
Percentage
Multiply Column C
Subtract Column E
Year of Acquisition
Sale of Assets
(MM-DD-YYYY)
From Form 4567, line 11c
by Column D
From Column B
Depreciable Mobile Tangible Assets
2.
A
B
C
D
E
F
SBT ITC Recapture
Taxable Year (End Date)
Combined Sales Price of
(Base 2)
Adjusted Proceeds
Apportionment
In Which Disposed
Disposed Assets by
Net Gain/Loss From
Assets Were Acquired
Percentage
Multiply Column D
Subtract Column C
Year of Acquisition
Sale of Assets
From Form 4567, line 11c
by Column E
(MM-DD-YYYY)
From Column B
Assets Transferred Outside Michigan
A
B
3.
SBT ITC Recapture
Taxable Year (End Date)
Combined Adjusted Federal Basis of
In Which Disposed
Disposed Assets by Year of Acquisition
Assets Were Acquired
(Base 3)
(MM-DD-YYYY)
+
0000 2014 75 01 27 4
Continue on Page 2.

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