Doing my taxes...

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Doing my taxes...

Postby Sula on Sun Mar 06, 2011 11:53 am

I use TaxCut software and do my own taxes. Always a joy.
But I was just going through the long list of potential Wisconsin credits, and one of them is called "water consumption credit".

Hmmmmm......LOL :lol:
When on a journey, it is good to have an end, but in the end it's the journey that counts.
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Re: Doing my taxes...

Postby cadsfe on Mon Mar 07, 2011 1:39 pm

If only the restriction on amount was a bit lower. Darn.
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Re: Doing my taxes...

Postby meisen on Tue Mar 08, 2011 10:14 am

Ohhh...tell us more about that. I dont think our accountant ever picked up that one :mrgreen:
Last edited by meisen on Wed Mar 09, 2011 10:22 am, edited 1 time in total.
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Re: Doing my taxes...

Postby cadsfe on Tue Mar 08, 2011 11:33 am

Here is the Rule for this "credit"

The credit is available to an industrial customer of a municipal water utility that is located in a federal renewal community zone in Wisconsin, and whose average annual water consumption from the utility for a 24-month period exceeds 1,000,000 Ccf. Ccf” means 100 cubic feet.

I Believe you would have to use over 311,000 gallons a month or more in order to qualify for this credit.
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Re: Doing my taxes...

Postby shoota on Tue Mar 08, 2011 1:18 pm

I believe you would have to use more than 62 million gallons per month to qualify.

I found in my online searching that "One CCF is equivalent to 748 gallons"
CCF is an exponential of cubic feet (x10) so 1 CCF = 10 cubic feet

Therefore, 1,000,000 CCF = 748,000,000 gallons per year

approx 750 million gallons per year? :shock: wow, thats a crazy lots of water!
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Re: Doing my taxes...

Postby meisen on Wed Mar 09, 2011 10:23 am

LOL yeah not quite though I did leave my RO running one time...
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