Schedule Cr - Credit Computation Schedule - 2008 Page 3
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5Schedule CR (2008)
Page 3
- See Page 6 for required attachments.
Social Security Number
Name(s) as shown on Virginia return
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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 __________________
61
Credit allowable this year: Enter amount from Line 60b or
,
,
61
00
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 __________________
66
Credit allowable this year: Enter amount from Line 65 or the
,
,
00
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
You
Spouse
68
Credit amount authorized by the
Department of Taxation ................................. 68A _________________ B _________________
69
Carryover credit from prior year(s)
[attach computation] .................................... 69A _________________ B _________________
70
Add Lines 68 and 69 ..................................... 70A _________________ B _________________
71
Credit allowable this year: Enter the amount from Line 70A and/or 70B or the
balance of maximum credit available, whichever is less (not to exceed
,
,
00
.
.
71A
$50,000 per taxpayer) ............................................................................................Your credit
Be sure to claim the proper credit on the total lines
,
,
00
71B
.
.
Spouse’s credit
72
Carryover credit to next year: Line 70
less Line 71 (15 year carryover period) ........ 72A _________________ B _________________
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 __________________
76
Credit allowable this year: Enter the amount from Line 75 or the
,
,
00
.
.
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 __________________
79
Credit allowable this year: Enter the amount from Line 78, up to
,
00
.
.
79
$5,000 not to exceed balance of maximum credit available .......................................................
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