Free 2008 IC-031en Schedule R-1 - Increased Wisconsin Research Credits for Activities Related to Internal Combustion Engines - Wisconsin

Schedule

R-1

Increased Wisconsin Research Credits for Activities Related to Internal Combustion Engines
File with Wisconsin Form 4, 4I, 4T, or 5
Identifying Number

Wisconsin Department of Revenue
Name

Read instructions before filling in this schedule

2008

Part I

Credit for Increasing Research Expenses
1 2 3 4 5 6 7

1 Enter Wisconsin research wage expenses for qualifying activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Enter Wisconsin research supplies expenses for qualifying activities . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Enter Wisconsin research computer rental expenses for qualifying activities . . . . . . . . . . . . . . . . . . . . 4 Enter applicable percentage of Wisconsin contract research expenses for qualifying activities . . . . . . 5 Add lines 1 through 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Enter wages included on line 5 that qualify for the Wisconsin development zones credit . . . . . . . . . . . 7 Subtract line 6 from line 5 . This is the total Wisconsin research expenses for the qualifying activities . Section A Regular Credit. Complete this section only if you are claiming the regular credit . · 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 . 8 Enter average annual Wisconsin gross receipts from the Worksheet on page 2, line 5 . . . . . . . . . . . . 9 EnterWisconsinfixed-basepercentage,butnotmorethan16%(0.16)fromtheWorksheeton page 2, line 18 . (Format as "xx.xxxx%") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Multiply line 8 by the percentage on line 9 . This is the base amount . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 Subtractline10fromline7.Ifzeroorless,enterzero(0) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Multiplyline7by50% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 Enter the smaller of line 11 or line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 Multiplyline13by10%(0.10).Continuewithline28. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . · Skip this section and go to line 28 if you completed Section A . · Check box if this is a one-time only change in election . 15 Enter average annual Wisconsin gross receipts from the Worksheet on page 2, line 5 . . . . . . . . . . . . 16 Multiplyline15by1%(0.01) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Subtractline16fromline7.Ifzeroorless,enterzero(0) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Multiplyline15by1.5%(0.015) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Subtractline18fromline7.Ifzeroorless,enterzero(0) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 Subtractline19fromline17.Ifzeroorless,enterzero(0) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 Multiplyline15by2%(0.02) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Subtractline21fromline7.Ifzeroorless,enterzero(0) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 Subtractline22fromline19.Ifzeroorless,enterzero(0) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 Multiplyline20by2.65%(0.0265) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 Multiplyline23by3.2%(0.032) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26 Multiplyline22by3.75%(0.375) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 Add lines 24, 25, and 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 Carryoverofunusedresearchexpensecredit(seeinstructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 Add line 14 or line 27 to line 28 . This is the available research expense credit for activities related to internal combustion engines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8 9 10 11 12 13 14 %

Section B Alternative Incremental Credit. Complete this section only if you are claiming the alternative incremental credit .

15 16 17 18 19 20 21 22 23 24 25 26 27 28 29

IC-031en

2008 Schedule R-1

Page 2 of 2

Part II

Credit for Research Facilities
30 31 32 33

30 Totalqualifiedresearchfacilityexpendituresforqualifyingactivities . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 Multiplyline30by10%(0.10) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32 Carryoverofunusedresearchfacilitiescredit(seeinstructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33 Add lines 31 and 32 . This is the available research facilities credit for activities related to internal combustion engines . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . WORKSHEET Average Annual Wisconsin Gross Receipts 1 Total gross receipts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Out-of-state receipts included on line 1 . . . . . . . . . . . . . . 3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . 2004
(a)

2005

(b)

2006

(c)

2007

(d)

4 Add line 3, columns a through d . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Divide amount on line 4 by 4 . This is average annual Wisconsin gross receipts to enter on Schedule R-1, line 8 or line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Wisconsin Fixed-Base Percentage On lines 6-9 and 11 below, include only expenses for qualifying activities related to internal combustion engines as described in the instructions . (b) (c) (e) (a) (d) 1985 1986 1988 1984 1987 6 Wisconsin research wage expenses . . 7 Wisconsin research supplies expenses 8 Wisconsin research computer rental expenses . . . . . . . . . . . . . . . . . . . . . . 9 Wisconsin contract research expenses 10 Add lines 6 through 9 . . . . . . . . . . . . . 11 Wages for Wisconsin development zones credit . . . . . . . . . . . . . . . . . . . . 12 Subtract line 11 from line 10 . . . . . . . . 13 Add line 12, columns a through e . . . . 14 Total gross receipts . . . . . . . . . . . . . . . 15 Out-of-state receipts on line 14 . . . . . . 16 Subtract line 15 from line 14 . . . . . . . . 17 Add line 16, columns a through e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Divide line 13 by line 17 . Format as "xx.xxxx%." ThisistheWisconsinfixed-basepercentagetoenteron Schedule R-1, line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . %