Schedule Rz Of D-1120 - Income Tax For Computation Of The Renaissance Zone Deduction

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TAX YEAR:
20_________
CORPORATION
SCHEDULE RZ OF D-1120
CITY OF DETROIT INCOME TAX
FOR COMPUTATION OF THE RENAISSANCE ZONE DEDUCTION
FOR USE BY A CORPORATION LOCATED AND DOING BUSINESS IN A DETROIT RENAISSANCE ZONE
INSTRUCTIONS ON OTHER SIDE
1. Corporation name as shown on D-1120
2. Federal Employer Identification Number
-
3. Dates qualified to claim Renaissance Zone deduction this tax year:
Starting date
/
/
Ending date
/
/
DISQUALIFICATION SECTION
A CORPORATION IS NOT QUALIFIED TO CLAIM THE RENAISSANCE ZONE DEDUCTION IF ANY OF THE FOLLOWING TAXES ARE DELINQUENT
Detroit Income Tax
Personal Property Tax
Commercial Facilities Tax (CFT)
Detroit Utility Users Tax
Michigan Income Tax
Michigan Single Business Tax
Enterprise Zone Tax
Technology Park Development Tax
General Property Tax
Industrial Facilities Tax (IFT)
Neighborhood Enterprise Zone Tax
Commercial Forest Tax
CORPORATION LOCATED AND DOING BUSINESS IN A DETROIT RENAISSANCE ZONE
TO CLAIM A RENAISSANCE ZONE DEDUCTION A CORPORATION MUST HAVE REAL AND/OR TANGIBLE PERSONAL PROPERTY
LOCATED IN A DETROIT RENAISSANCE ZONE AND BE CONDUCTING BUSINESS ACTIVITY IN THE ZONE
IN
IN
PERCENTAGE
RENAISSANCE ZONE APPORTIONMENT PERCENTAGE
DETROIT
RENAISSANCE ZONE
(COLUMN 1)
(COLUMN 2)
(COLUMN 2
DIVIDED BY
Average net book value of real and tangible personal property
COLUMN 1)
4a. (If qualified for less than a full tax year, use monthly average)
4a.
(COLUMN 3)
4b. Gross rents paid on real property multiplied by 8
4b.
4c. Total property (Add lines 4a and 4b of columns 1 and 2)
4c.
%
5. Total wages, salaries and other compensation
5.
%
6. Total percentages (Add column 3 lines 4c and 5)
6.
%
7. Renaissance Zone deduction percentage (Divide line 6 by 2)
7.
%
8. Net income from D-1120, line 9
8.
00
9. Renaissance Zone deduction (Line 8 multiplied by line 7) Enter here and on D-1120, line 10
9.
00

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