Michigan Tax Amnesty And Tax Returns Guide And Instructons Page 34
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41INSTRUCTIONS FOR C-8010AGR
SBT ADJUSTED GROSS RECEIPTS FOR CONTROLLED GROUPS
Purpose: To determine the adjusted gross receipts for a
percentage on a consolidated basis. Include all members
controlled group to establish a filing requirement and for the
whether or not they are required to file a return.
calculation of the Investment Tax Credit (ITC).
Adjusted gross receipts for the purpose of the ITC are
All members of an affiliated group, a controlled group of
apportioned gross receipts, plus recapture of the capital
corporations, or an entity under common control must com-
acquisition deduction, plus the ITC recapture adjustments.
plete this form.
Line-By-Line Instructions
Controlled groups are affiliated groups of corporations as
defined in the SBT Act or a controlled group of corporations as
Lines not listed are explained on the form.
defined in IRC Section 1563.
Line 2, Federal Employer ID No. (FEIN) or TR No. Enter
An affiliated group is two or more corporations, one of which
the same account number used on page 1 of your annual return.
owns or controls, directly or indirectly, 80 percent or more of
the capital stock of the other corporation(s) with voting rights.
Line 3, a-m. Enter the FEIN and name of each member of the
Entities under common control are two or more trades or
group. If you need more space, attach a schedule identifying
businesses, whether or not incorporated, under common
additional members with consecutive letters.
control as defined in the Internal Revenue Service Regulation
Column 3-A, Gross Receipts or Apportioned Gross
1.414(c). This includes parent-subsidiary, brother-sister or
Receipts. Enter each member’s gross receipts or
combined groups of corporations. See RAB 1989-48 for
apportioned gross receipts, whichever applies.
further information.
Column 3-B, Capital Acquisition Deduction Recapture.
An entity must be included in a controlled group if it was a
Enter each member’s CAD Recapture from Form C-8000D,
member of the group for at least one half of the days of the
line 19.
entity's taxable year.
Each member’s business activities attributable to its tax year
Column 3-C, Adjusted Gross Receipts for Filing
ending within the 2001 calendar year are consolidated on this
Requirement. Enter the total of columns 3-A and 3-B for each
form.
member.
Adjusted gross receipts must be annualized if the return is for a
Column 3-D, Investment Tax Credit Recapture. Enter each
period less than 12 months.
member’s Total Recapture of Capital Investments from Form
C-8000ITC, line 23.
Filing Requirements
Column 3-E, Investment Tax Credit Adjusted Gross
If you are a member of an affiliated group, a controlled group
Receipts. Enter the total of columns 3-C and 3-D for each
of corporations or an entity under common control, the group
member.
must sum its members’ adjusted gross receipts to determine if
Line 4, column C and E. Total columns 3-C and 3-E down.
members of the group need to file an SBT return. Do not
include members whose adjusted gross receipts are less than
Line 5, Adjusted Gross Receipts to Determine the Filing
$100,000.
Requirement for the Controlled Group. Enter the amount
from line 4C. Do not include members whose adjusted gross
Adjusted gross receipts for this purpose are apportioned gross
receipts are less than $100,000 in the total.
receipts, plus recapture of the capital acquisition deduction.
Note: If the sum of all of the members adjusted gross receipts
Investment Tax Credit
are $250,000 or more on line 5, all members with adjusted
For tax years beginning after 1999, an ITC may be claimed for
gross receipts of $100,000 or more in column 3C must file an
a percentage of the net costs paid or accrued in a taxable year
annual return. Members with adjusted gross receipts of less
for qualifying tangible assets physically located in Michigan.
than $100,000 are not required to file.
The assets must be of a type that are or will become eligible for
Line 6, Adjusted Gross Receipts For The Group, To Be
depreciation or amortization for federal income tax. Mobile
Used For The Investment Tax Credit Calculation. Enter the
tangible assets, wherever located, which would be subject to
amount from line 4E. Include all members. This amount will
apportionment in the same manner as the tax base, and assets
determine the Investment Tax Credit adjusted gross receipts
purchased or acquired for use outside the state and later moved
percentage allowed for credit purposes. See SBT Investment
into the state, also qualify for the ITC.
Tax Credit Form C-8000ITC, and instructions.
A member of an affiliated group, a controlled group of
corporations, or an entity under common control must also
determine adjusted gross receipts for purposes of the ITC
62
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