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Line 17: In completing the combined return, a member of a

See the “Supplemental Instructions for Standard Members

unitary business group of financial institutions eliminates its

in UBGs” in Form 4599 for information on the effects of

investment in the positive Equity Capital of other members of the

members leaving or joining a UBG on credit carryforwards.

same group. Eliminations occur to Equity Capital at the member

level. Enter on this line the member’s investment in the positive

TOTALING MEMBER INFORMATION

Equity Capital of other members of the same group.

Member information for lines 26-32 from Form 4752 are

Line 19: Under MCL 208.1261(k), Michigan obligations

totaled and carried to other forms in the MBT return. The

means a bond, note, or other obligation issued by a

table below matches the lines of Form 4752 on the left

governmental unit described in Section 3 of the Shared Credit

with the corresponding lines on the right.

Rating Act, PA 227 of 1985, MCL 141.1053.

Line 20: Under MCL 208.1261(s), United States obligations

Sum of Amounts

means all obligations of the United States exempt from taxation

Lines from

Reported Here for All

under 31 USC 3124(a) or exempt under the United States

Form 4752

Members are Carried To

constitution or any federal statute, including the obligations

of any instrumentality or agency of the United States that are

Line 26

Form 4569, line 2

exempt from state or local taxation under the United States

Line 27

Form 4569, line 6

constitution or any statute of the United States.

Line 22a: If the UBG member reporting on this page

Line 28

Form 4584, line 4

owns a subsidiary that is an authorized insurance company,

Line 29

Form 4584, line 7

enter actual amount of capital fund maintained within that

subsidiary.

Line 30

Form 4573, line 45

Line 22b: Enter the minimum capital fund amount required by

Line 31

Form 4584, line 40

regulations for that insurance subsidiary.

Line 25: Enter the combined totals of line 25 of this form on

Line 32

Form 4573, line 70

Form 4590, line 20, and skip lines 11 through 19 on Form 4590.

If this combined number is less than zero, enter zero on Form

4590, line 20.

Line 33: Enter overpayment credited from prior MBT return.

Lines 26-32: These lines are for reporting each member’s

When membership of a UBG changes from one filing period to

credit carryforwards remaining from a previous year. If the

the next, carryforward of an overpayment from the prior return

remains with the DM’s account.

group created a credit carryforward in a preceding tax period,

Treasury will have maintained that carryforward on the DM’s

account. Enter unused carryforwards of this type on the DM’s

Line 34: All MBT estimated payments for a UBG should

be made by the DM. Enter estimates paid by the DM on

copy of Part 2B.

this line of the DM’s copy of Part 2B. If any other member

If a member created a credit carryforward prior to joining

paid estimates attributable to this group return, enter those

the UBG, Treasury will maintain that carryforward on that

estimates on that member’s copy of Part 2B. Include all

member’s account, subject to use by the group, until it is fully

payments made by that member for any portion of its federal

consumed or that member leaves the group. Enter unused credit

filing period that is included on this group return.

carryforwards of this type on the copy of Part 2B filed for the

For example, if a non-DM member has a 12-month fiscal year

member that brought the carryforward to the group.

beginning April 1, 2012, and is a member of a calendar year

Available credit carryforwards, regardless of whether they

UBG throughout that period, its business activity from April

arose within the group or outside of it, are applied against

1, 2012, through March 31, 2013, will be reported on the

the UBG’s tax liability on the basis of age (oldest first). If

group’s December 31, 2013, return. If that member pays MBT

two members each created a carryforward of the same credit

quarterly estimates based on its federal tax year, it will make

and the same age, and together they exceed the amount

two estimates during 2012, before the DM’s (and group’s) filing

allowable in this filing period, those members’ respective

period begins. Because those estimates are attributable to

credit carryforwards are used in proportion to the amount

activity that will be reported on the group’s December 31, 2013,

they contributed to the group. If a member that generated a

return, they should be included on the paying member’s copy of

carryforward in a prior period leaves the group, that member

Part 2B for the December 31, 2013, group return.

will take with it an amount equal to the group’s remaining

carryforward from that period multiplied by the amount that

Line 35: Enter the total withholding payments made on your

behalf by flow-through entities. Include all withholding

member contributed relative to the total amount contributed by

all group members for the same credit in that same period.

payments made on returns that apply to the tax year included

in this return.

NOTE: It is important to review a carryforward for the

possibility that some or all of it has expired, or that some or all

Include all withholding payments made on returns that apply to

of it was withdrawn from the group by a departing member.

this member’s tax year included in this UBG return. Included

Form 4752 - Business Tax Unitary Business Group Combined Filing Schedule For Financial Institutions - 2014 Page 8

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