Schedule Cr - Credit Computation Schedule - 2006 Page 2
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5Schedule CR (2006)
Page 2
- See Page 6 for required attachments.
Name(s) as shown on Virginia return
Social Security Number
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PART VIII – CLEAN-FUEL VEHICLE AND VEHICLE EMISSIONS TESTING EQUIPMENT CREDITS
Clean-Fuel Vehicle and Qualifi ed Electric Vehicle Credit
30
Qualifying Electric Vehicle - Enter 10% of the cost used to
compute the credit under IRC § 30 for qualifed electric vehicles .......... 30 __________________
31
Carryover credit from prior year(s) [attach computation] ....................... 31 __________________
32
Add Lines 30 and 31 .............................................................................. 32 __________________
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33
Line 32 or balance of maximum credit available, whichever is less ............................................
34
Carryover credit to next year: Line 32 less Line 33 (applicable only if
within 5 year carryover period) .............................................................. 34 __________________
Vehicle emissions testing equipment credit
35
Enter 20% of the purchase or lease price paid during the year for
qualifi ed vehicle emissions testing equipment ....................................... 35 __________________
36
Carryover credit from prior year(s) [attach computation] ....................... 36 __________________
37
Add Lines 35 and 36 .............................................................................. 37 __________________
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38
Enter the amount from Line 37 or the balance of maximum credit
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38
available, whichever is less .........................................................................................................
39
Carryover credit to next year; Line 37 less Line 38 (only if within
5 year carryover period) ........................................................................ 39 __________________
PART IX – MAJOR BUSINESS FACILITY JOB TAX CREDIT
40a
Credit amount authorized by the Department of Taxation ............ 40a __________________
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40
Credit allowable this year: Line 40a or the balance of the maximum
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40
credit available, whichever is less ................................................................................................
41
Carryover credit to next year. Compute on Form 304 if within the 10 year
carryover period (Line 40a less Line 40) ................................................ 41 __________________
PART X – FOREIGN SOURCE RETIREMENT INCOME TAX CREDIT
42
Qualifying taxable income on which the tax in the foreign
country is based .................................................................................... 42 __________________
43
Virginia taxable income. See Instructions .............................................. 43 __________________
44
Qualifying tax paid to the foreign country.
Enter name of country:___________________________________ ..... 44 __________________
45
Virginia income tax. See Instructions .................................................... 45 __________________
46
Income percentage. Divide Line 42 by Line 43. Compute to one decimal
place, not to exceed 100%. For example, 0.3163 becomes 31.6% ...... 46 __________________
47
Multiply Line 45 by Line 46 .................................................................... 47 __________________
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Credit allowable this year: Enter the lesser of Line 44 or Line 47,
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48
not to exceed the balance of maximum credit available ..............................................................
PART XI – HISTORIC REHABILITATION TAX CREDIT
49
Enter the amount of eligible expenses (attach certifi cate) ..................... 49 __________________
50
Multiply the amount on Line 49 by 25% ................................................. 50 __________________
51
Carryover credit from prior year(s) [attach computation] ....................... 51 __________________
52
Add Lines 50 and 51 .............................................................................. 52 __________________
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53
Credit allowable this year: Enter the amount from Line 52 or the
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53
balance of maximum credit available, whichever is less .............................................................
54
Carryover credit to next year: Line 52 less
Line 53. (10 year carryover period) ....................................................... 54 __________________
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