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Wisconsin Wisconsin Development Zones Credits
Extracted from PDF file 2023-wisconsin-schedule-dc.pdf, last modified August 2015Wisconsin Development Zones Credits
Tab to navigate within form. Use mouse to check applicable boxes, press spacebar or press Enter. DC Schedule Save Wisconsin Development Zones Credits Wisconsin Department of Revenue Clear 2023 File with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6 Read instructions before filling in this schedule Identifying Number Name Part I Print Development Zones Credit Round Amounts to Nearest Dollar 1 Enter the development zones credit for environmental remediation. Include WEDC certification 1 .00 2 Enter the development zones credit for job creation or retention. Include WEDC certification . 2 .00 3 Add lines 1 and 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 .00 4 Enter wage subsidies from Wisconsin Worker trial job program, subsidies and reimbursements from the Real World, Real Pay pilot project . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 .00 5 Subtract line 4 from line 3. This is the development zones credit before pass-through credits . . 5 .00 6d Total credits (add lines 6a through 6c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .6d .00 7 Add lines 5 and 6d. This is your 2023 credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 .00 7a Fiduciaries - enter the amount of credit allocated to beneficiaries . . . . . . . . . . . . . . . . . . . . . 7a .00 7b Fiduciaries - subtract line 7a from line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7b .00 8 Carryover of unused development zones credit. Include Schedule CF . . . . . . . . . . . . . . . . . . . 8 .00 9 Add lines 7 and 8 (lines 7b and 8 if fiduciary). This is the available development zones credit Include Schedule CF if the credit was not used in full . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 .00 10 Enter the purchase price of depreciable, tangible personal property purchased during the taxable year that is used in the conduct of business in an opportunity zone or agricultural zone 10 .00 11 Enter the amount expended during the taxable year to acquire, construct, rehabilitate, remodel, or repair real property in an opportunity zone or agricultural zone . . . . . . . . . . . . . . . . . . . . . . . . 11 .00 12 Add lines 10 and 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 .00 13 Multiply line 12 by 3% (0.03). This is the capital investment credit before pass-through credits . 13 .00 6 Development zones credit passed through from other entities: 6a Entity Name Amount 6a .00 Amount 6b .00 6c Total pass through credits from additional schedule . . . . . 6c .00 FEIN 6b Entity Name FEIN Part II Development Opportunity Zone or Agricultural Development Zone 14 Capital investment credit passed through from other entities: 14a Entity Name Amount 14a .00 Amount 14b .00 14c Total pass through credits from additional schedule . . . . . 14c .00 FEIN 14b Entity Name FEIN 14d Total credits (add lines 14a through 14c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14d .00 15 Add lines 13 and 14d. This is your 2023 credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 .00 15a Fiduciaries - enter the amount of credit allocated to beneficiaries . . . . . . . . . . . . . . . . . . . . . . . 15a .00 15b Fiduciaries - subtract line 15a from line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15b .00 16 Carryover of unused capital investment credit. Include Schedule CF . . . . . . . . . . . . . . . . . . . . 16 .00 17 Add lines 15 and 16 (lines 15b and 16 if fiduciary). This is the available capital investment credit Include Schedule CF if the credit was not used in full . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 .00 IC-032 (R. 8-23)
2023 IC-032 Schedule DC Wisconsin Development Zones Credits (fillable)
More about the Wisconsin Schedule DC Corporate Income Tax Tax Credit TY 2023
We last updated the Wisconsin Development Zones Credits in February 2024, so this is the latest version of Schedule DC, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule DC directly from TaxFormFinder. You can print other Wisconsin tax forms here.
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Form Sources:
Wisconsin usually releases forms for the current tax year between January and April. We last updated Wisconsin Schedule DC from the Department of Revenue in February 2024.
Schedule DC 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 DC
We have a total of twelve past-year versions of Schedule DC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Schedule DC
2023 IC-032 Schedule DC Wisconsin Development Zones Credits (fillable)
2022 Schedule DC
2022 IC-032 Schedule DC Wisconsin Development Zones Credits (fillable)
2021 Schedule DC
2021 IC-032 Schedule DC Wisconsin Development Zones Credits (fillable)
2020 Schedule DC
2020 IC-032 Schedule DC Wisconsin Development Zones Credits (fillable)
2019 Schedule DC
2019 IC-032 Schedule DC Wisconsin Development Zones Credits (fillable)
2018 Schedule DC
2018 IC-032 Schedule DC Wisconsin Development Zones Credits
2017 Schedule DC
2017 IC-032 Schedule DC Wisconsin Development Zones Credits
2016 Schedule DC
2016 IC-032 Schedule DC Wisconsin Development Zones Credits
2015 Schedule DC
2015 IC-032 Schedule DC Wisconsin Development Zones Credits (fillable)
2013 Schedule DC
2013 IC-032 Schedule DC Wisconsin Development Zones Credits
2012 Schedule DC
2012 IC-032 Schedule DC Wisconsin Development Zones Credits
2011 Schedule DC
2011 Schedule DC - Wisconsin Development Zones Credits (pdf fillable format)
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