Wisconsin Enterprise Zone Jobs Credit

Enterprise Zone Jobs Credit
2023 IC-067 Schedule EC Enterprise Zone Jobs Credit and Instructions
Schedule

EC

Wisconsin Department
of Revenue
Name	

Enterprise Zone Jobs Credit

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	 Fill in the enterprise zone jobs credit certified to you by the Wisconsin Economic
Development Corporation. Include WEDC certification/verification . . . . . . . . . . . . . . 	1

.00

2	 Enterprise zone jobs credit passed through from other entities:
2a	 Entity Name
Amount	 2a

.00

Amount	 2b

.00

2c	 Total pass through credits from additional schedule.	 2c

.00

	

FEIN	

2b	 Entity Name
	

FEIN	

2d	 Total credits (add lines 2a through 2c) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	 2d

.00

3	 Add lines 1 and 2d. This is your 2023 enterprise zone jobs credit . . . . . . . . . . . . . . . . . 	3

.00

3a	 Fiduciaries - enter the amount of credit allocated to beneficiaries . . . . . . . . . . . . . . . . . 	 3a

.00

3b	 Fiduciaries - subtract line 3a from line 3  . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 	3b

.00

Instructions for 2023 Schedule EC
Purpose of Schedule EC

Who is Eligible to Compute the Credit

Use Schedule EC to compute and claim the
enterprise zone jobs credit, which is available to
qualifying taxpayers doing business in a Wisconsin
enterprise zone designated by the Wisconsin
Economic Development Corporation (WEDC). The
computation of the credit is based on job creation,
job retention, capital investment, training and supply
chain purchases.

Any individual, estate, trust, partnership, limited
liability company (LLC), corporation, or tax-exempt
organization that is conducting business in an
enterprise zone and has been certified by the WEDC
may be eligible for the credit.

To be eligible for the enterprise zone jobs credit,
businesses must first be certified by the WEDC.
For information regarding how to become certified,
visit the WEDC website at inwisconsin.com or call
1-855-469-4249.

IC-067 (R. 8-23)

Who is Eligible to Claim the Credit
Individuals and corporations may claim the credit.
Partnerships, LLCs treated as partnerships, and
tax-option (S) corporations cannot claim the credits,
but the credits attributable to the entity’s business
operations pass through to the partners, members,
or shareholders.

2023 Schedule EC

Caution
•	The credit you compute on Schedule EC is income
and must be reported on your Wisconsin franchise
or income tax return in the year computed.
•	 The enterprise zone jobs credit is not allowable for
expenditures which are included in the basis for
another Wisconsin income or franchise tax credit,
such as the research expense credit.
•	 If you recklessly or fraudulently claim a false credit,
you may be ineligible to claim it for up to 10 years
and you may owe a penalty. See pages 24 and 25
of Wisconsin Tax Bulletin #180 for further details.

Specific Instructions
Line 1:  Fill in the total amount of enterprise zone jobs
credit certified to you by the WEDC, as computed
by the WEDC.
Line 2:  If applicable, fill in the entity name, Federal
Employer Identification Number (FEIN), and the
amount of enterprise zone jobs credit passed
through from tax-option (S) corporations (from
Schedule 5K‑1), partnerships and LLCs treated as
partnerships (from Schedule 3K‑1), and estates and
trusts (from Schedule 2K‑1).
Line 3: Add lines 1 and 2d.  This is the total current
year enterprise zone jobs credit.  Enter the amount
of credit from line 3 on the appropriate line of
Schedule CR.  See the following exceptions:
•	 If the claimant is a combined group member, enter
the amount of credit on Form 6, Part III, line 13
instead of Schedule CR.
•	Tax-option (S) corporations, partnerships, and
LLCs treated as partnerships should prorate the
amount of credit on line 3 among the shareholders,
partners, or members based on their ownership
Applicable Laws and Rules
This document provides statements or interpretations
of the following provisions of Wisconsin Statutes in
effect as of August 29, 2023: chs. 71, Wis. Stats. and
chs. Tax 1, 2 and 3 Wis. Adm. Code.

Page 2 of 2

interest. Show the credit for each shareholder on
Schedule 5K‑1 and for each partner or member
on Schedule 3K‑1. Caution: A tax-option (S)
corporation or partnership that makes an election
to claim the credit at the entity level may not pass
through the credit to its shareholders or partners
on Schedules 5K-1 or 3K-1.
•	 Fiduciaries who file Form 2 must complete lines 3a
and 3b.
Line 3a: Fiduciaries – Prorate the credit from line 3
between the entity and its beneficiaries in proportion to
the income allocable to each. Show the beneficiaries’
portion of the credit on line 3a. Show the credit for
each beneficiary on Schedule 2K‑1.
Line 3b: Fiduciaries – Subtract line 3a from line 3.
This is the estate’s or trust’s portion of the credit.  Enter
the amount of credit from line 3b on the appropriate
line of Schedule CR.

Required Attachments to Return
You must include the following information with your
Wisconsin franchise or income tax return:
•	 Schedule EC
•	 A copy of your certification to claim tax benefits
issued by WEDC.
•	 Verification of expenses from WEDC.
Exception for shareholders, partners, members,
and beneficiaries: If the credit is received from a
tax-option (S) corporation, partnership, LLC treated
as a partnership, estate, or trust, include a copy of
Schedule 5K-1, 3K-1, or 2K-1 with Schedule EC
instead of the certification to claim tax benefits and
verification of expenses.

Additional Information
For more information, you may:
•	 E-mail your question to
	 [email protected]
•	 Call (608)  266‑2772 [TTY: Call the Wisconsin
Telecommunications Relay System at 711. If no
answer, dial 1‑800‑947‑3529]
•	 Send a FAX to (608) 267‑0834
•	 Write to the Audit Bureau, Wisconsin Department of
Revenue, Mail Stop 3-107, PO Box 8906, Madison,
WI 53708-8906.