Form 3581 - Michigan Historic Preservation Tax Credit

3581, Page 2

IIT/Fiduciary Filer Social Security, FEIN or TR Number

PART 3: INDIVIDUAL INCOME TAX/FIDUCIARY FILERS ONLY

7. Enter assigned credit (see instructions) ................................................................................................................

8. Carry forward Historic Preservation Tax Credit from 2011 (individual income tax and fiduciary filers only) ..........

9. Historic Preservation Tax Credit. Add line 4d to lines 7 and 8. Carry this amount to line 13. ............................

Individual Income Tax filers - Carry the amount from line 9 to MI-1040, line 19a.

Fiduciary Income Tax filers - Carry the amount from line 9 to Form MI-1041, line 15a.

Tax Liability Limitation

Complete lines 10 through 16 to determine the amount of the credit needed to offset the current tax liability, and the amount, if any to carry forward to the

next year or to be refunded. Credit, in excess of the current liability, may be carried forward for up to ten years to offset a future liability.

10. Tax from your 2012 MI-1040, line 17, or 2012 MI-1041, line 13 ............................................................................

10.

11. Total nonrefundable credits from your 2012 MI-1040, line 18b and 19b (Small Business Investment Tax Credit

portion only) or 2012 Form MI-1041, lines 14b, and 16.........................................................................................

11.

12. Subtract line 11 from line 10. If less than zero, enter zero ....................................................................................

12.

13. Enter the amount from line 9 above ......................................................................................................................

13.

14. Historic Preservation Tax Credit. Enter the lesser of line 12 or line 13. Carry the amount from

line 14 to your 2012 MI-1040, line 19b or to your 2012 Form MI-1041, line 15b ...................................................

14.

15. Carry forward to 2013. If line 12 is less than line 13, subtract line 12 from line 13.

This is the amount you may carry forward. If you want a refund, go to line 16 .....................................................

15.

16. Optional Refund Amount. Complete line 16 only if you want a refund of the amount on line 15.

a. If line 12 is equal to or greater than line 8, multiply line 15 by 90% (0.9) and enter here and on your 2012

MI-1040, line 28, or 2012 MI-1041, line 19 .....................................................................................................

16a.

b. If line 12 is less than line 8, subtract the difference between line 8 and line 12 from line 15 and multiply the

difference by 90% (0.9). Enter here and on your 2012 MI-1040, line 28 or 2012 MI-1041, line 19 .....................

16b.

c. If line 8 is greater than line 12, enter the difference. This is your carry forward from 2012 to 2013 ....................

16c.

0000 2012 03 02 27 7

Form 3581 - Michigan Historic Preservation Tax Credit - 2012 Page 2

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