Examples of Infrastructure Credit in a sentence
If the taxpayer sells or otherwise disposes of a tangible asset that was paid for or accrued after December 31, 2007, and whose cost was included in the base investment, the taxpayer must report recapture equal to 25 percent of the gross proceeds or benefit from the sale or disposition, adjusted by the apportioned gain or loss.Follow the worksheet below to calculate the Film Infrastructure Credit recapture amount.
If the taxpayer sells or otherwise disposes of a tangible asset that was paid for or accrued after December 31, 2007, and whose cost was included in the base investment, the taxpayer must report recapture equalRecapture of Film Infrastructure Credit Worksheet The following calculation applies to all eligible depreciable tangible assets located in Michigan that were acquired in a tax year beginning after Dec.
A If not assigning/reassigning the Film Infrastructure Credit, skip to PART 4.
Film Infrastructure Credit amount from Investment Expenditure Certificate (original assignment) or creditamount from the immediately prior in time assignment form (reassignment) 10.
Recapture of Film Infrastructure Credit from Form 4587, line 8f 23.