Form C-8000c - Michigan Sbt Credit For Small Businesses And Contribution Credits - 2007 Page 2
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1
2C-8000C, Page 2
FEIN or TR Number
PART 3: REDUCTION BASED ON EXCESS GROSS RECEIPTS
Complete this section if gross receipts are more than $9,000,000 but not more than $10,000,000.
20.
Gross receipts from C-8000, line 10a. See instructions for tax
years less than 12 months
20.
.00
21.
Excess gross receipts. Subtract $9,000,000 from line 20
21.
.00
22.
Excess percentage. Divide line 21 by $1,000,000
22.
%
23.
Allowable percentage. Subtract line 22 from 100%
23.
%
24.
Tax from line 14 or C-8000, line 44
24.
.00
25.
Multiply the percentage on line 23 by the credit on
line 18a or line 18b, whichever is applicable
.00
25
26.
Tax after small business credit. Subtract line 25 from line 24
26.
.00
If no contribution credits are claimed, enter the amount on line 26 on Form C-8000, line 45.
PART 4: CONTRIBUTION CREDITS
Complete this section ONLY if claiming contribution credits. See the instructions for these credits on
page 26.
27.
Enter the amount from line 19 or 26, whichever applies. Affiliated or controlled groups
.00
or entities under common control, enter the amount from C-8009, line 34 or 35
27.
.00
28.
If you did not claim a small business credit, enter the amount from C-8000, line 44
28.
29a.
Community Foundations donations
.00
29a.
b.
.00
Credit. Enter the smaller of 50% of line 29a, $5,000, or 5% of the tax on C-8000, line 43
29b.
c.
Find the code on page 79 for any community
foundations contributed to and enter here
29c.
.00
30.
Subtract line 29b from line 27 or 28
30.
31a.
Homeless Shelter/Food Bank Credit donations
.00
31a.
b.
Credit. Enter the smaller of 50% of line 31a, $5,000
.00
or 5% of the tax on C-8000, line 43
31b.
.00
32.
Subtract line 31b from line 30
32.
33a.
Public Contributions
.00
33a.
b.
Credit. Enter the smaller of 50% of line 33a, $5,000, or 5% of line 32
.00
33b.
34a.
Public Utility Property Tax for taxable year
.00
34a.
b.
Credit. Enter 5% of line 34a. This amount cannot exceed the tax liability
.00
34b.
.00
35.
Add lines 33b and 34b
35.
.00
36.
Tax After Credits. Subtract line 35 from line 32. Enter here and on Form C-8000, line 45
36.
REDUCED CREDIT TABLE
If allocated income* is:
The reduced credit is:
$0
- $ 95,000
100% of the small business credit
$95,001 - $ 99,999
80% of the small business credit
$100,000 - $104,999
60% of the small business credit
$105,000 - $109,999
40% of the small business credit
$110,000 - $115,000
20% of the small business credit
*See page 7 for tax years less than 12 months.
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