Form M4x - Amended Franchise Tax Return/claim For Refund - 2015 Page 5

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M4X page 5

15495

2015 Amended Income Calculation

(continued)

Name of Corporation/Designated Filer

FEIN

Minnesota Tax ID

You must round amounts

to nearest whole dollar.

4 Subtractions from income

a . Refund of taxes based on net income included in federal taxable income . . . . . . . . . . . . . . . . . .

4 b

b . Minnesota deduction for capital losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

c . Sum of research expenses, IRC sections 45A(a) and 51 salary expenses, disability

access expenditures, and IRC section 45G(a) railroad track maintenance expenses

4 c

disallowed for federal tax purposes (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 d

d. Foreign dividend gross-up required under IRC section 78 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

e . Expenses relating to income taxable by Minnesota, but federally exempt . . . . . . . . . . . . . . . . . . .

4 f

f . Dividends paid by a bank to the U .S . government on preferred stock . . . . . . . . . . . . . . . . . . . . . .

g . Income/gains from mining operations subject to the occupation tax . . . . . . . . . . . . . . . . . . . . . .

4 h

h . Deduction for cost depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

i. Minnesota depreciation for pre-1987 certified pollution control facilities . . . . . . . . . . . . . . . . . . .

j . Subtraction for prior bonus depreciation addback . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

k . Subtraction for prior IRC section 179 addback . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 l

l. Subtraction for prior addback of reacquisition of indebtedness income . . . . . . . . . . . . . . . . . . . .

The need for line 4m has been eliminated. Leave blank.

m .

Subtraction due to federal changes not adopted by Minnesota

. . . . . . . . . . . . . . . . . . . . . . . . . . .

Total subtractions from federal taxable income before net operating loss deduction

and special deductions (add lines 4a through 4l) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5 Intercompany eliminations (attach schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 Add lines 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

7 Minnesota net income (subtract line 6 from line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Enter this amount on M4X, page 1, line 1, column C.

9995