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Wisconsin Wisconsin Research Credits
Extracted from PDF file 2023-wisconsin-schedule-r.pdf, last modified September 2023Wisconsin Research Credits
Schedule R Wisconsin Department of Revenue Name Wisconsin Research Credits 2023 File with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6 Read instructions before filling in this schedule Identifying Number Round Amounts to Nearest Dollar 1 Enter Wisconsin research wage expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 .00 2 Enter Wisconsin research supplies expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 .00 3 Enter Wisconsin research computer rental expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 .00 4 Enter applicable percentage of Wisconsin contract research expenses . . . . . . . . . . . . . . . . . . . . . . . . 4 .00 5 Enter expenses used to compute the federal orphan drug credit that qualify as Wisconsin research expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 .00 6 Add lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 .00 7 Wages included on line 6 that qualify for the Wisconsin development zones credit . . . . . . . . . . . . . . . 7 .00 8 Subtract line 7 from line 6. This is total Wisconsin research expenses . . . . . . . . . . . . . . . . . . . . . . . . . 8 .00 9 Enter average Wisconsin qualified research expenses for the three prior years. If you did not have qualified Wisconsin research expenses in one or more of the three prior years, check () the box, skip to line 10, and enter 0 on that line . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 9a 1st prior year qualified research expenses . . . . . . . . . . . . . . . . 9a .00 9b 2nd prior year qualified research expenses . . . . . . . . . . . . . . . 9b .00 9c 3rd prior year qualified research expenses . . . . . . . . . . . . . . . . 9c .00 9d Total (add lines 9a through 9c) . . . . . . . . . . . . . . . . . . . . . . . . . 9d .00 9e Divide line 9d by 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9e .00 10 Multiply line 9e by 50% (0.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 .00 11 Subtract line 10 from line 8. This is your eligible Wisconsin qualified research expenses . . . . . . . . . . . 11 .00 12 Check one of the boxes below to indicate the credit being claimed and the credit rate that applies. If you are claiming more than one research credit, see instructions. If the box on line 9 is checked, do not check one of the boxes. Proceed to line 13. 12a Qualified research activities (5.75%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.05750 12a 12b Qualified research activities related to internal combustion engines (11.5%) . . . . . . . . 0.11500 12b 12c Qualified research activities related to certain energy efficient products (11.5%) . . . . . 0.11500 12c 13 If line 10 is -0- because you did not have qualified research expenses in one or more of the three prior years, and checked the box on line 9, check one of the boxes below to indicate the credit being claimed and the rate that applies. If you are claiming more than one research credit, see instructions. 13a Qualified research activities (2.875%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0.02875 13a 13b Qualified research activities related to internal combustion engines (5.75%) . . . . . . . . 0.05750 13b 13c Qualified research activities related to certain energy efficient products (5.75%) . . . . . 0.05750 13c 14 Multiply line 11 by the credit rate indicated on line 12 or line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 IC-031 (R. 8-23) .00 2023 Schedule R 15 Name ID Number Page 2 of 2 Research credit passed through from other entities: 15a Entity Name FEIN Amount 15a .00 Amount 15b .00 15c Total pass through credits from additional schedule . . . . 15c .00 15b Entity Name FEIN 15d Total pass through credits (add lines 15a through 15c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15d 16 Total research credits (add lines 14 and 15d). Form 3 and 5S filers stop here . . . . . . . . . . . . . . . . . 16 .00 .00 16a Fiduciaries - Fill in the amount of credit allocated to beneficiaries . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16a .00 16b Fiduciaries - Subtract line 16a from line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16b .00 17 Multiply line 16 (line 16b for fiduciary) by .15 (15%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 .00 18 Amount of credit from line 16 (line 16b for fiduciary) used to offset tax . . . . . . . . . . . . . . . . . . . . . . . . 18 .00 19 Subtract line 18 from line 16 (line 16b for fiduciary) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 .00 20 Enter the lesser of line 17 or line 19. This is the refundable portion of the credit . . . . . . . . . . . . . . . . . 20 .00 21 Subtract line 20 from line 19. This is the remaining nonrefundable portion of the credit . . . . . . . . . . . 21 .00 22 Carryover of prior year’s unused research credit. Include Schedule CF . . . . . . . . . . . . . . . . . . . . . . 22 .00 23 Add lines 18, 21, and 22. This is the total nonrefundable portion of the credit. Include Schedule CF if the credit was not used in full . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 .00
2023 IC-031 Schedule R Wisconsin Research Credits
More about the Wisconsin Schedule R Corporate Income Tax Tax Credit TY 2023
We last updated the Wisconsin Research Credits in February 2024, so this is the latest version of Schedule R, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule R directly from TaxFormFinder. You can print other Wisconsin tax forms here.
Related Wisconsin Corporate Income Tax Forms:
TaxFormFinder has an additional 88 Wisconsin income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Wisconsin Schedule R.
| Form Code | Form Name |
|---|---|
| Schedule RT | Wisconsin Related Entity Expenses Disclosure Statement |
| Schedule RT-1 | Statement of Disallowed Related Entity Expenses |
View all 89 Wisconsin Income Tax Forms
Form Sources:
Wisconsin usually releases forms for the current tax year between January and April. We last updated Wisconsin Schedule R from the Department of Revenue in February 2024.
Schedule R is a Wisconsin Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of Wisconsin Schedule R
We have a total of twelve past-year versions of Schedule R in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Schedule R
2023 IC-031 Schedule R Wisconsin Research Credits
2022 Schedule R
2022 IC-031 Schedule R Wisconsin Research Credits
2021 Schedule R
2021 IC-031 Schedule R, Wisconsin Research Credits (fillable)
2020 Schedule R
2020 IC-031 Schedule R, Wisconsin Research Credits (fillable)
2019 Schedule R
2019 IC-031 Schedule R, Wisconsin Research Credits (fillable)
2018 Schedule R
2018 IC-031 Schedule R Wisconsin Research Credits
2017 Schedule R
2017 IC-031 Schedule R Wisconsin Research Credits
2016 Schedule R
2015 IC-031 Schedule R Wisconsin Research Credits
2015 Schedule R
2015 IC-031 Schedule R Wisconsin Research Credits (fillable)
2013 Schedule R
2013 IC-031 Schedule R Wisconsin Research Credits
2012 Schedule R
2012 IC-031 Schedule R Wisconsin Research Credits
2011 Schedule R
2011 IC-031 Schedule R Wisconsin Research Credits
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