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Wisconsin Wisconsin Agricultural Credit
Extracted from PDF file 2023-wisconsin-schedule-ma-a.pdf, last modified October 2015Wisconsin Agricultural Credit
Save Tab to navigate within form. Use mouse to check applicable boxes, press spacebar or press Enter. Schedule MA-A Wisconsin Department of Revenue Name Wisconsin Agricultural Credit Print Clear 2023 File with Wisconsin Form 1, 1NPR, 2, 3, 4, 4T, 5S, or 6 Identifying Number Agricultural Credit Answer the questions below if you complete Part I, lines 1-15g. Yes Yes Yes A Do you produce, grow, or extract tangible personal property on property assessed as agricultural? A B Do you only rent the farmland to others? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . B C Did you begin operations in 2023? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C No No No Part I: Round Amounts to Nearest Dollar .00 1 Fill in the amount of your production gross receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Cost of goods sold allocable to production gross receipts . . 2 .00 3 Direct costs allocable to production gross receipts . . . . . . . . 3 .00 4 Add lines 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 .00 5 Subtract line 4 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 .00 .00 6 Indirect costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 .00 7 Production gross receipts (line 1) 7 8 All gross receipts . . . . . . . . . . . . 8 .00 9 Divide line 7 by line 8 and multiply by 100 . . . . . . . . . . . . . . 9 . % 10 Multiply line 6 by the percentage on line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10 .00 11 Subtract line 10 from line 5. If zero or less, stop here. You do not qualify for the agricultural credit. Otherwise, go to line 12a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .11 .00 12a If all agricultural activities occurred in Wisconsin on property assessed as agricultural, check the box, skip lines 12b and 13, and enter 100.0000 on line 14 . . . . . . . . . . . . . . . 12a 12b Average value of real property and improvements (assessed under sec. 70.32(2)(a)4., Wis. Stats.) owned or rented, and used in Wisconsin to .00 produce, grow, or extract qualified production property . . . 12b 13 Average value of all real property and improvements, owned or rented, and used to produce, grow, or extract qualified production property . . . . . . . . . . . . . . . . . . . . . . . . . 13 .00 14 Divide line 12b by line 13 and multiply by 100 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 . % 15a Multiply line 11 by the percentage on line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15a .00 15b Single entity filers - Fill in the amount from line 11 of Form 4 or line 10 of Form 4T . . . . . 15b .00 15c Combined group members filing Form 6 (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . 15c .00 15d Corporations filing Form 4 or 4T: Fill in the smaller of lines 15a or 15b. Corporations filing Form 6: Fill in the smaller of lines 15a or 15c . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15d .00 Go to Page 2 IC-015 (R. 8-23) 2023 Schedule MA-A Name ID Number Page 2 of 2 15e Individuals, partnerships, tax-option (S) corporations, and fiduciaries: Enter the amount from line 15a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15e .00 15f Individuals and fiduciaries: Enter the amount of qualified production activities income taxed by another state and used to claim the Wisconsin credit for net tax paid to another state. (Do not include partnership and tax-option (S) corporation income. See line 17) . 15f .00 15g Subtract line 15f from line 15e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15g .00 16 C - Corporations: Multiply line 15d by 0.075 (7.5%). Partnerships and tax-option (S) corporations: Multiply line 15e by 0.075 (7.5%). Individuals and fiduciaries: Multiply line 15g by 0.075 (7.5%). This is your agricultural credit before pass-through credits . . . . 16 .00 17 Agricultural credit passed through from other entities – see instructions for limitations Entity Name FEIN 17 .00 18 Add lines 16 and 17. This is your 2023 credit (see instructions) . . . . . . . . . . . . . . . . . . . . 18 .00 18a Fiduciaries - Fill in the amount of credit allocated to beneficiaries . . . . . . . . . . . . . . 18a .00 18b Fiduciaries - Subtract line 18a from line 18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18b .00 19 Carryover of unused agricultural credit. Include Schedule CF . . . . . . . . . . . . . . . . . . . . 19 .00 20 Add lines 18 and 19 (lines 18b and 19 if fiduciary) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 .00 21 Tax on qualified business operations (individuals and beneficiaries, from chart below) . . 21 .00 22 Individuals and fiduciaries: Enter the smaller of lines 20 or 21. All others: Enter the amount from line 20. Include Schedule CF if the credit was not used in full . . . . . . . . . . 22 .00 Part II: Computation of Business Income Limitation - Individuals and Fiduciaries Only 1 (a) Business A B C D E F G H I (b) (c) Tax Recomputed 2023 Tax Liability (d) Portion of Tax Attributable to Agricultural Activities [(b) - (c)] (e) (f) Credit Attributable to the Business Enter Smaller of Column (d) or (e) .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 2 Amounts from additional businesses reported on additional schedules . . . . . . . . . . . . . . . . . 2 .00 3 Add the amounts from column (f) and line 2 above. Enter on line 21 above . . . . . . . . . . . . . . 3 .00 Return to Page 1
2023 IC-015 Schedule MA-A Wisconsin Agricultural Credit (fillable)
More about the Wisconsin Schedule MA-A Corporate Income Tax Tax Credit TY 2023
We last updated the Wisconsin Agricultural Credit in February 2024, so this is the latest version of Schedule MA-A, fully updated for tax year 2023. You can download or print current or past-year PDFs of Schedule MA-A 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 MA-A.
| Form Code | Form Name |
|---|---|
| Schedule MA-M | Wisconsin Manufacturing Credit |
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 MA-A from the Department of Revenue in February 2024.
Schedule MA-A 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 MA-A
We have a total of nine past-year versions of Schedule MA-A in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
2023 Schedule MA-A
2023 IC-015 Schedule MA-A Wisconsin Agricultural Credit (fillable)
2022 Schedule MA-A
2022 IC-015 Schedule MA-A Wisconsin Agricultural Credit (fillable)
2021 Schedule MA-A
2021 IC-015 Schedule MA-A Wisconsin Agricultural Credit (fillable)
2020 Schedule MA-A
2020 IC-015 Schedule MA-A Wisconsin Agricultural Credit (fillable)
2019 Schedule MA-A
2019 IC-015 Schedule MA-A Wisconsin Agricultural Credit (fillable)
2018 Schedule MA-A
2018 IC-015 Schedule MA-A Wisconsin Agricultural Credit
2017 Schedule MA-A
2017 IC-015 Schedule MA-A Wisconsin Agricultural Credit
2016 Schedule MA-A
2016 IC-015 Schedule MA-A Wisconsin Agricultural Credit
2015 Schedule MA-A
2015 IC-015 Schedule MA-A Wisconsin Agricultural Credit (fillable)
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