Form IC-077 Schedule BD Business Development Credit - Wisconsin

What Is Form IC-077 Schedule BD?

This is a legal form that was released by the Wisconsin Department of Revenue - a government authority operating within Wisconsin. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form IC-077 Schedule BD?
A: Form IC-077 Schedule BD is a tax form specific to the state of Wisconsin that is used to claim the Business Development Credit.

Q: What is the Business Development Credit?
A: The Business Development Credit is a tax incentive offered by the state of Wisconsin to encourage businesses to invest in certain eligible development projects. It provides a credit against income or franchise tax liability.

Q: Who is eligible to claim the Business Development Credit?
A: Businesses that meet certain criteria set by the state of Wisconsin, such as making qualified investments in eligible projects, may be eligible to claim the Business Development Credit.

Q: What information is required to complete Form IC-077 Schedule BD?
A: To complete Form IC-077 Schedule BD, you will need to provide information about the qualifying investments made by your business, such as the amount invested and the location of the project.

Q: When is the deadline to file Form IC-077 Schedule BD?
A: The deadline to file Form IC-077 Schedule BD is typically the same as the deadline for filing your Wisconsin income or franchise tax return.

Q: Is the Business Development Credit refundable?
A: No, the Business Development Credit is not refundable. However, any unused credits can be carried forward for up to 15 years.