Instructions For C-8010agr Sbt Adjusted Gross Receipts For Controlled Groups Form printable pdf download

INSTRUCTIONS FOR C-8010AGR

SBT ADJUSTED GROSS RECEIPTS FOR CONTROLLED GROUPS

Purpose: To determine the adjusted gross receipts for a

Line-By-Line Instructions

controlled group to establish a filing requirement and for

Lines not listed are explained on the form.

the calculation of the Investment Tax Credit (ITC). This

Line 2, Federal Employer ID No. (FEIN) or TR No.

form must be completed by all members of an affiliated

Enter the same account number used on page 1 of your

group, a controlled group of corporations or an entity

annual return.

under common control. Adjusted gross receipts must be

annualized if the return is for a period of less than 12

Line 3, a-m. Enter the FEIN and name of each member of

months.

the group. If you need more space, attach a schedule

identifying additional members with consecutive letters.

Controlled groups are two or more trades or businesses

(whether or not incorporated) under common control as

Column 3-A, Gross Receipts or Apportioned Gross

defined in the Internal Revenue Service regulation

Receipts. Enter each member’s gross receipts or

1.414(c). This includes parent-subsidiary, brother-sister,

apportioned gross receipts, whichever applies.

or combined groups of corporations.

Column 3-B, Capital Acquisition Deduction

Recapture. Enter each member’s CAD Recapture from

An affiliated group is two or more corporations, one of

form C-8000D, line 19.

which owns or controls, directly or indirectly, 80 percent

or more of the capital stock of the other corporation(s)

Column 3-C, Adjusted Gross Receipts for Filing

with voting rights.

Requirement. Enter the total of columns 3-A and 3-B for

each member.

Filing Requirements

Column 3-D, Investment Tax Credit Recapture.

Enter

If you are a member of an affiliated group, a controlled

each member’s Total Recapture of Capital Investments

group of corporations or an entity under common control,

from form C-8000ITC, line 23.

the group must sum its members’ adjusted gross receipts to

determine if members of the group need to file an SBT

Column 3-E, Investment Tax Credit Adjusted Gross

return.

Receipts. Enter the total of columns 3-C and 3-D for each

member.

Adjusted gross receipts for this purpose are apportioned

gross receipts, plus recapture of the capital acquisition

Line 4, column C and E. Total columns 3-C and 3-E

deduction.

down.

Line 5, Adjusted Gross Receipts to Determine the

Investment Tax Credit

Filing Requirement for the Controlled Group. Enter the

For tax years beginning after 1999, an investment tax

amount from line 4C. Do not include members whose

credit may be claimed for a percentage of the net costs

adjusted gross receipts are less than $100,000 in the total.

paid or accrued in a taxable year for qualifying tangible

Note: If the sum of all of the members adjusted gross

assets physically located in Michigan. The assets must be

receipts are $250,000 or more on line 5, all members with

of a type that are or will become eligible for depreciation

adjusted gross receipts of $100,000 or more in column 3C

or amortization for federal income tax. Mobile tangible

must file an annual return. Members with adjusted gross

assets, wherever located, which would be subject to

receipts of less than $100,000 are not required to file.

apportionment in the same manner as the tax base, and

assets purchased or acquired for use outside the state and

Line 6, Adjusted Gross Receipts For The Group, To Be

later moved into the state, also qualify for the ITC. The

Used For The Investment Tax Credit Calculation.

ITC must be taken before any other credit.

Enter the amount from line 4E. Include all members. This

amount will determine the Investment Tax Percentage

A member of an affiliated group, a controlled group of

allowed for credit purposes. See Single Business Tax

corporations, or an entity under common control must also

Investment Tax Credit form C-8000ITC and instructions.

determine adjusted gross receipts for purposes of the ITC

percentage on a consolidated basis.

Adjusted gross receipts for the purpose of the ITC are

apportioned gross receipts, plus recapture of the capital

acquisition deduction, plus the ITC recapture adjustments.

Instructions For C-8010agr Sbt Adjusted Gross Receipts For Controlled Groups Form

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