Schedule C - Credit For Coal Loading Facilities Form

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Rev. 08-12
Schedule
C
West Virginia
Credit for Coal Loading Facilities
State Tax
Department
T
P
ax
eriod
Beginning
End
Date
Date
Business
ID
Name
Number
C
E
i
omputation of
ligiblE
nvEstmEnt
Column 1
Column 2
Column 3
Allowable Cost Investment
Net Cost
Percentage
1. Coal loading facilities property with useful life of 4 or more
33 ⅓%
but less than 6 years............................................................... $
$
2. Coal loading facilities property with useful life of 6 or more
66 ⅔%
but less than 8 years............................................................... $
$
100%
3. Coal loading facilities property with useful life of 8 years or more $
$
4. Total eligible coal loading facilities investment........................................................................................................ $
5. Total potential coal loading facilities credit (10% of line 4)..................................................................................... $
6. Available annual coal loading facilities credit (10% of line 5)................................................................................. $
7. Available annual coal loading facilities credit from prior years
Reference period
(# of years prior to
Net Available Annual
current tax period)
Tax Period Ending
Original Available Annual Credit
Adjustments
Credit
9
8
7
6
5
4
3
2
1
Total
8. Total available annual coal loading facilities credit (line 6 plus line 7).................................................................... $
9. a) Total severance tax............................................................................................................................................ $
b) Amount of other credits claimed......................................................................................................................... $
c) Net limit (9a – 9b).............................................................................................................................................. $
d) Credit limit (50% of 9a)....................................................................................................................................... $
e) Coal loading facilities credit offset....................................................................................................................... $
(Continued on the next page)
Schedule C
Page 1

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