This version of the form is not currently in use and is provided for reference only. Download this version of Form IC-039 Schedule VC for the current year.
This is a legal form that was released by the Wisconsin Department of Revenue - a government authority operating within Wisconsin. Check the official instructions before completing and submitting the form.
Q: What is Form IC-039 Schedule VC?
A: Form IC-039 Schedule VC is a schedule that is used to claim Wisconsin Venture Capital Credits in the state of Wisconsin.
Q: What are Wisconsin Venture Capital Credits?
A: Wisconsin Venture Capital Credits are tax credits that are offered to businesses and investors who make qualified investments in Wisconsin-based venture capital funds.
Q: Who can claim Wisconsin Venture Capital Credits?
A: Both businesses and individuals can claim Wisconsin Venture Capital Credits if they meet certain requirements.
Q: What are the requirements to claim Wisconsin Venture Capital Credits?
A: To claim Wisconsin Venture Capital Credits, businesses and individuals must make qualified investments in Wisconsin-based venture capital funds that have been certified by the Wisconsin Economic Development Corporation (WEDC).
Q: How much tax credit can be claimed through Wisconsin Venture Capital Credits?
A: The amount of tax credit that can be claimed through Wisconsin Venture Capital Credits depends on the amount of qualified investments made. The maximum credit that can be claimed is 25% of the qualified investments.
Q: Is there a deadline to file Form IC-039 Schedule VC?
A: Yes, the deadline to file Form IC-039 Schedule VC is the same as the deadline to file your Wisconsin income tax return, which is usually April 15th of the following year.
Form Details:
Download a fillable version of Form IC-039 Schedule VC by clicking the link below or browse more documents and templates provided by the Wisconsin Department of Revenue.