Free 2008 Schedule R - Wisconsin Research Credits (pdf fillable format) - Wisconsin

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Schedule

R

Wisconsin Research Credits
File with Wisconsin Form 4, 4I, 4T, or 5 Read instructions before filling in this schedule
Federal Employer ID Number

Wisconsin Department of Revenue
Name

2008
1 2 3 4 5 6 7 8

Part I Credit for Increasing Research Expenses x 1 Enter Wisconsin research wage expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Enter Wisconsin research supplies expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter Wisconsin research computer rental expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter applicable percentage of Wisconsin contract research expenses . . . . . . . . . . . . . . . . . . . . . . . . . . Enter expenses used to compute the federal orphan drug credit that qualify as Wisconsin research expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Add lines 1 through 5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Wages included on line 6 that qualify for the Wisconsin development zones credit . . . . . . . . . . . . . . . . . 8 Subtract line 7 from line 6. This is total Wisconsin research expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . 2 3 4 5

Section A Regular Credit. Complete this section only if you are claiming the regular credit ­ see instructions. (Skip this section and go to section B if you are electing the alternative incremental credit.) Check box if this is a one-time only change in election. 9 Enter average annual Wisconsin gross receipts from the Worksheet on page 2, line 5 . . . . . . . . . . . . . . 10 Enter Wisconsin fixed-base percentage, but not more than 16% (0.16), from the Worksheet on page 2, line 19. (Format as "xx.xxxx%") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Multiply line 9 by the percentage on line 10. This is the base amount . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Subtract line 11 from line 8. If zero or less, enter zero (0). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Multiply line 8 by 50% (0.50) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Enter the smaller of line 12 or line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 Multiply line 14 by 5% (0.05). This is the regular Wisconsin credit for increasing research expenses . . . 9 10 11 12 13 14 15 %

Section B Alternative Incremental Credit. Complete this section only if you are claiming the alternative credit ­ see instructions. (Skip this section and go to line 29 if you completed section A.) Check box if this is a one-time only change in election. 16 17 18 19 20 21 22 23 24 25 26 27 28 Enter average annual Wisconsin gross receipts from the Worksheet on page 2, line 5 . . . . . . . . . . . . . . Multiply line 16 by 1% (0.01) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 17 from line 8. If zero or less, enter zero (0). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Multiply line 16 by 1.5% (0.015) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 19 from line 8. If zero or less, enter zero (0). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 20 from line 18. If zero or less, enter zero (0). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Multiply line 16 by 2% (0.02) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 22 from line 8. If zero or less, enter zero (0). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Subtract line 23 from line 20. If zero or less, enter zero (0). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Multiply line 21 by 2.65% (0.0265) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Multiply line 24 by 3.2% (0.032) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Multiply line 23 by 3.75% (0.0375) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Add lines 25, 26, and 27. This is the Wisconsin alternative incremental credit . . . . . . . . . . . . . . . . . . . . . 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30

29 Carryover of unused research expense credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Add line 15 or line 28 to line 29. This is the available research expense credit . . . . . . . . . . . . . . . . . . . .

Part II Credit for Research Facilities
31 32 33 34 Total qualified research facility expenditures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Multiply line 31 by 5% (0.05) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Carryover of unused research facilities credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Add lines 32 and 33. This is the available research facilities credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 32 33 34

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IC-031

2008 Schedule R

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WORKSHEET Average Annual Wisconsin Gross Receipts 1 2 3 4 5
(a) (b) (c) (d)

2004

2005

2006

2007

Total gross receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Out-of-state receipts included on line 1. . . . . . . . . . . . . . . Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . Add line 3, columns a through d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Divide amount on line 4 by 4. This is average annual Wisconsin gross receipts to enter on Schedule R, line 9 or line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(a) (b) (c) (d) (e)

Wisconsin Fixed-Base Percentage

1984

1985

1986

1987

1988

6 Wisconsin research wage expenses . . . 7 Wisconsin research supplies expenses 8 Wisconsin research computer rental expenses . . . . . . . . . . . . . . . . . . . . . . . . 9 Wisconsin contract research expenses 10 Qualifying expenses used in federal orphan drug credit . . . . . . . . . . . . . . . . . 11 Add lines 6 through 10 . . . . . . . . . . . . . 12 Wages for Wisconsin development zones credit . . . . . . . . . . . . . . . . . . . . . . 13 Subtract line 12 from line 11 . . . . . . . . . 14 Add line 13, columns a through e . . . . . 15 Total gross receipts . . . . . . . . . . . . . . . . 16 Out-of-state receipts on line 15 . . . . . . . 17 Subtract line 16 from line 15 . . . . . . . . . 18 Add line 17, columns a through e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Divide line 14 by line 18. Format as "xx.xxxx%." This is the Wisconsin fixed-base percentage to enter on Schedule R, line 10 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

%

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