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Wisconsin Department of Revenue

 Wisconsin Dairy Manufacturing Facility Investment Credit

  1. What is the Wisconsin Dairy Manufacturing Facility Investment Credit?
  2. How do I claim the Wisconsin Dairy Manufacturing Facility Investment Credit on my Wisconsin return?
  3. Who is eligible to claim the credit?
  4. Is the Wisconsin Dairy Manufacturing Facility Investment Credit considered taxable income?
  5. How is the credit determined?
  6. How do I obtain certification from the Department of Commerce?
  1. What is the Wisconsin Dairy Manufacturing Facility Investment Credit?

    The dairy manufacturing facility investment credit is a refundable credit for taxpayers who have invested to modernize or expand dairy manufacturing facilities in Wisconsin and have been certified by the Wisconsin Department of Commerce.

  2. How do I claim the Wisconsin Dairy Manufacturing Facility Investment Credit on my Wisconsin return?

Use Schedule DM, Dairy Manufacturing Facility Investment Credit, to claim the credit. Schedule DM requires that a copy of the Department of Commerce certification be attached.

  1. Who is eligible to claim the credit?

Individuals, estates, trust, partnerships, limited liability companies, or tax exempt organizations that have invested in modernizing or expanding a dairy manufacturing facility in Wisconsin and are certified by the Department of Commerce.

Tax-option (S) corporations, partnerships, and LLCs treated as partnerships cannot claim the credit at the entity level. However the credit attributable to the entity’s business operations passes through to the entity’s shareholders, partners, or members.

  1. Is the Wisconsin Dairy Manufacturing Facility Investment Credit considered taxable income?

    The dairy manufacturing facility investment credit amount must be included in income on the Wisconsin franchise or income tax return for the year computed.

  2. How is the credit determined?

    The maximum dairy manufacturing facility investment credit available to all claimants for taxable years beginning in 2007 is $600,000. For individual taxpayers the credit is 10% of the amount spent for modernizing and expanding dairy manufacturing facilities subject to a $200,000 maximum.

  3. How do I obtain certification from the Department of Commerce?

    Visit the Department of Commerce web site at www.commerce.wi.gov or write to the Wisconsin Department of Commerce, P.O. Box 7970, Madison, WI 53707-7970.

FOR MORE INFORMATION PLEASE CONTACT:

WISCONSIN DEPARTMENT OF REVENUE
Customer Service and Education Bureau
Mailstop 5-77
P.O. Box 8949
Madison, WI 53708-8949
Phone: (608) 266-2486
Fax: (608) 267-1030
E-Mail Additional Questions

Last updated December 3, 2007