Schedule Cr - Credit Computation Schedule - 2006 Page 3
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5Schedule CR (2006)
Page 3
- See Page 6 for required attachments.
Name(s) as shown on Virginia return
Social Security Number
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PART XII – DAY-CARE FACILITY INVESTMENT TAX CREDIT
55
Enter 25% of eligible expenses, not to
exceed $25,000 ................................................................................. 55 __________________
56
Carryover credit from prior year(s)
[attach computation] .......................................................................... 56 __________________
57
Add Lines 55 and 56 .......................................................................... 57 __________________
,
,
00
58
Credit allowable this year: Enter the amount from Line 57 or the
.
58
balance of maximum credit available, whichever is less .........................................................
59
Carryover credit to next year: Line 57 less Line 58.
(3 year carryover period. See instructions for limitations) ................. 59 __________________
PART XIII – LOW-INCOME HOUSING CREDIT
60
Enter allowable credit (attach certifi cation form) ................................ 60 __________________
60a
Carryover credit from prior year(s) [attach computation] ................. 60a __________________
60b
Add Lines 60 and 60a ...................................................................... 60b __________________
,
,
00
61
Credit allowable this year: Enter amount from Line 60b or
.
61
the balance of maximum credit available, whichever is less ...................................................
62
Carryover credit to next year: Line 60b less Line 61
(5 year carryover period) ................................................................... 62 __________________
PART XIV – AGRICULTURAL BEST MANAGEMENT PRACTICES TAX CREDIT
63
Enter 25% of qualifi ed expenditures, not to
exceed $17,500 (attach certifi cate) .................................................. 63 __________________
64
Carryover credit from prior year(s) [attach computation] ................... 64 __________________
65
Add Lines 63 and 64 .......................................................................... 65 __________________
,
,
00
66
Credit allowable this year: Enter amount from Line 65 or the
.
66
balance of maximum credit available, whichever is less .........................................................
67
Carryover credit to next year: Line 65 less Line 66.
(5 year carryover period.) ................................................................. 67 __________________
PART XV – QUALIFIED EQUITY AND SUBORDINATED DEBT INVESTMENTS TAX CREDIT
68
Enter the amount of Qualifi ed Equity and Subordinated Debt
Investments Tax Credit authorized by the
Virginia Department of Taxation ......................................................... 68 __________________
69
Carryover credit from prior year(s) [attach computation] ................... 69 __________________
70
Add Lines 68 and 69 .......................................................................... 70 __________________
71
Credit allowable this year: Enter the amount on Line 70 or the
,
,
00
balance of maximum credit available, whichever is less (not to exceed
.
71
$50,000 per taxpayer) ..............................................................................................................
72
Carryover credit to next year: Line 70 less Line 71
(15 year carryover period) ................................................................. 72 __________________
PART XVI – WORKER RETRAINING TAX CREDIT
73
Enter amount of Worker Retraining Tax Credit authorized by the
Virginia Department of Taxation ......................................................... 73 __________________
74
Carryover credit from prior year(s) [attach computation] ................... 74 __________________
75
Add Lines 73 and 74 .......................................................................... 75 __________________
,
,
00
76
Credit allowable this year: Enter the amount from Line 75 or the
.
76
balance of maximum credit available, whichever is less .........................................................
77
Carryover credit to next year: Line 75 less Line 76
(3 year carryover period) ................................................................... 77 __________________
PART XVII – WASTE MOTOR OIL BURNING EQUIPMENT CREDIT
78
Enter 50% of the purchase price paid during the taxable year for equip-
ment used exclusively for burning waste motor oil at your facility ..... 78 __________________
,
00
.
79
Credit allowable this year: Enter the amount from Line 78, up to
79
$5,000 not to exceed balance of maximum credit available ....................................................
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