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2022 Schedule MI Page 2 of 2
If there is a reorganization of a corporation claiming Line 4a and 4b. Fiduciaries: Allocate the credit be-
the manufacturing investment credit, the limitations tween the estate or trust itself and its beneficiaries in
provided by Internal Revenue Code section 383 may proportion to their unused manufacturer’s sales tax
apply to the carryover of any unused credit. credit carryforward for their first taxable year beginning
after December 31, 2005. Do not allocate the credit to
Specific Line Instructions any taxpayer (whether the taxpayer is an estate, trust,
or beneficiary) that had $25,000 or less in unused
Line 1. Fill in the amount of your manufacturer’s sales
manufacturer’s sales tax credit carryforward for its first
tax credit carryover shown on the approved copy of
taxable year beginning after December 31, 2005. Show
your application to the DOC (this is your certification).
the beneficiaries’ portion of the credit on line 4a. Show
Line 3. Fill in the amount of manufacturing investment the credit for each applicable beneficiary on Schedule
credit passed through from tax-option (S) corporations 2K-1. Show only the estate’s or trust’s portion of the
which computed the credit based on manufacturer’s credit on line 4b.
sales tax credit carryover from years when the entity
did not pass the credit through to shareholders. This Line 5. Fill in the amount of manufacturing investment
credit you computed in prior years which you could not
is the amount on Schedule 5K-1, line 13.
use to offset your prior year's tax liability.
Line 4. For pass-through entities, special instructions
apply to the amount on line 4. Line 6. Enter the amount of manufacturing investment
credit from line 6 on the appropriate line of Schedule
Tax-option (S) corporations: For the portion of the CR. If the claimant is a combined group member, enter
amount on line 4 attributable to manufacturer’s sales the credit amount on Form 6, Part V, line 1 instead of
tax credit from taxable years beginning prior to January Schedule CR.
1, 1998, prorate the credit among the shareholders
based on their ownership interests. For the portion Required Attachments to Return
of the amount on line 4 attributable to manufacturer’s
sales tax credit from taxable years beginning on or Include your completed Schedule MI with your Wiscon-
after January 1, 1998, allocate the credit only among sin franchise or income tax return. Also include a copy
the shareholders that had more than $25,000 in of your DOC certification to claim the credit.
manufacturer’s sales tax credit carryforward for their For any amounts included on lines 3 or 4 which are
first taxable year beginning after December 31, 2005. attributable to a business that is a tax-option (S) corpo-
Make this allocation in proportion to each shareholder’s ration, partnership, limited liability company treated as
manufacturer’s sales tax credit carryforward for its first a partnership, or a trust, include a copy of the Schedule
taxable year beginning after December 31, 2005. 5K-1, 3K-1, or 2K-1, as appropriate, with Schedule MI
Partnerships and LLCs treated as partnerships: instead of the certification.
Allocate the credit only among the partners or members
Additional Information
that had more than $25,000 in manufacturer’s sales tax
credit carryforward for their first taxable year beginning For more information, you may:
after December 31, 2005. Make this allocation in
• Email your questions to
proportion to each partner’s or member’s manufacturer’s
DORFranchise@wisconsin.gov
sales tax credit carryforward for its first taxable year
beginning after December 31, 2005. • Call (608) 266-2772 [TTY: Call the Wisconsin
Telecommunications Relay System at 711. If no
Applicable Laws and Rules answer, dial 1-800-947-3529]
This document provides statements or interpretations • Send a FAX to (608) 267-0834
of the following provisions of Wisconsin Statutes • Write to the Audit Bureau, Wisconsin Department of
in effect as of July 11, 2022: Sections 71.07(3t), Revenue, Mail Stop 3-107, PO Box 8906, Madison
71.28(3t), and 71.47(3t), Wis. Stats. WI 53708-8906.
Laws enacted and in effect after July 11, 2022, new
administrative rules, and court decisions may change
the interpretations in this document. Guidance
issued prior to July 11, 2022, that is contrary to the
information in this document is superseded by this
document, according to sec. 73.16(2)(a), Wis. Stats.
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