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Form 4946 - Michigan Schedule Of Corporate Income Tax Liability For A Michigan Business Tax Filer - 2012 Page 5

companies that are not taxed as a C Corporation.

For further instruction, see the instructions to Column C of

Non-Unitary Relationships with Flow-Through Entities (Form

4898).

UBGs: For UBG members using the annual method, the

amounts received by each non-unitary flow-through refer to the

annual amount received multiplied by the member’s proration

percentage, which varies according to the member’s number of

months reported on the group’s tax year.

Line 19: Enter, to the extent included in federal taxable

income (as defined for CIT purposes), any dividends and

royalties received from persons other than United States

persons and foreign operating entities, including, but not

limited to, amounts determined under IRC § 78 or IRC § § 951

to 964.

Line 20: To the extent included in federal taxable income (as

defined for CIT purposes), deduct interest income derived from

United States obligations.

Line 21: There currently are no subtractions required that are

recorded on this line. Leave this line blank.

Line 25: Enter the apportioned amount of distributive share

of flow-through income received by the taxpayer from a

flow-through entity that is not a member of a UBG with the

taxpayer. To calculate this amount, multiply the distributive

share entered on Line 18 by the flow-through entity’s

apportionment percentage. This apportionment percentage is

calculated by dividing the flow-through entity’s MI sales by the

flow-through entity’s total sales. Leave the figure as a decimal,

carrying it out 4 digits to the right of the decimal point.

For further instruction, see the instructions to Columns D and

E of Form 4898.

Line 27: If Form 4567, box 11d, is checked, multiply line 26b

by 6% (0.06), otherwise multiply line 26a by 6% (0.06).

IMPORTANT: If apportioned or allocated gross receipts, as

defined under the MBT, are less than $350,000, enter a zero on

this line. If a business operated less than 12 months, annualize

gross receipts to determine if this rule applies.

PArT 3: ToTAL CorPorATe INCoMe TAX

Line 28: Calculate this line by using the Small Business

Alternative Credit Calculation for the Corporate Income Tax

worksheet later in these instructions.

Retain the worksheet with your tax records. Do not include the

worksheet as part of your return.

Include completed Form 4946 as part of the tax return filing.

Form 4946 - Michigan Schedule Of Corporate Income Tax Liability For A Michigan Business Tax Filer - 2012 Page 5

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