Fillable Schedule Mi - Manufacturing Investment Credit

Schedule MI

Page

Line 4. For pass-through entities, special instruc-

Line 5. Fill in the amount of manufacturing invest-

tions apply to the amount on line 4.

ment credit you computed in prior years which you

could not use to offset your prior year's tax liability.

Tax-option (S) corporations: For the portion of

Line 6. Enter the amount of manufacturing invest-

the amount on line 4 attributable to manufacturer’s

sales tax credit from taxable years beginning prior

ment credit from line 6 on the appropriate line of

to January 1, 1998, prorate the credit among the

Schedule CR. If the claimant is a combined group

shareholders based on their ownership interests.

member, enter the credit amount on Form 4M instead

For the portion of the amount on line 4 attributable

of Schedule CR.

to manufacturer’s sales tax credit from taxable years

beginning on or after January 1, 1998, allocate the

Required Attachments to Return

credit only among the shareholders that had more

than $25,000 in manufacturer’s sales tax credit

File your completed Schedule MI with your Wisconsin

carryforward for their first taxable year beginning

franchise or income tax return. Also include a copy

after December 31, 2005. Make this allocation in

of your DOC certification to claim the credit.

proportion to each shareholder’s manufacturer’s

sales tax credit carryforward for its first taxable year

For any amounts included on line 4 which are attrib-

beginning after December 31, 2005.

utable to a business that is a tax-option (S) corpora-

tion, partnership, limited liability company treated as

Partnerships and LLCs treated as partnerships:

a partnership, or a trust, file a copy of the Schedule

Allocate the credit only among the partners or mem-

5K-1, 3K-1, or 2K-1, as appropriate, with Schedule

bers that had more than $25,000 in manufacturer’s

MI instead of the certification.

sales tax credit carryforward for their first taxable

year beginning after December 31, 2005. Make this

Additional Information

allocation in proportion to each partner’s or member’s

manufacturer’s sales tax credit carryforward for its

For more information, you may:

first taxable year beginning after December 31, 2005.

•

E-mail your questions to corp@revenue.wi.gov

Line 4a and 4b. Fiduciaries: Allocate the credit

between the estate or trust itself and its beneficiaries

•

Call (608) 266-2772 [TTY: Call the Wisconsin

Telecommunications Relay System at 711. If no

in proportion to their unused manufacturer’s sales

answer, dial 1-800-947-3529]

tax credit carryforward for their first taxable year

beginning after December 31, 2005. Do not allocate

the credit to any taxpayer (whether the taxpayer is

•

Send a FAX to (608) 267-0834

an estate, trust, or beneficiary) that had $25,000 or

less in unused manufacturer’s sales tax credit car-

•

Write to the Audit Bureau, Wisconsin Department

ryforward for its first taxable year beginning after

of Revenue, Mail Stop 5-144, PO Box 8906,

December 31, 2005. Show the beneficiaries’ portion

Madison WI 53708-8906.

of the credit on line 4a. Show the credit for each

applicable beneficiary on Schedule 2K-1.

Show only the estate’s or trust’s portion of the credit

on line 4b.

Schedule Mi - Manufacturing Investment Credit - 2012 Page 2

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