Schedule Cr - Credit Computation Schedule For Forms 760, 760py And 763 (1998) Page 2

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Schedule CR (1998)

page 2

SPOUSE

Use if you claimed on

YOURSELF

Name(s) as shown on Virginia return

Form 760 or 760PY -

For use by all

Filing Status 4

other filers

PART IX – VEHICLE EMISSIONS TESTING EQUIPMENT, CLEAN-FUEL VEHICLE AND CERTAIN REFUELING PROPERTY CREDITS

Enter 10% of the federal Section 179A deduction for clean-fuel vehicle and certain refueling property or 10% of the

cost used to compute the credit under federal Section 30 for qualified electric vehicles . . . . . . . . . . . . . . . . . . .

Carryover credit from prior year(s) [attach computation] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Add line 37 and line 38 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Clean-fuel vehicle, certain refueling property and qualified electric vehicle credit allowable this year:

Line 39 or balance of maximum credit available, whichever is less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4 0

4 1

Carryover credit for 1999: Line 39 less line 40 (applicable only if within the 5 year carryover period) . . . . . . . . . . .

4 1

Enter 20% of the purchase or lease price paid during the year for qualified vehicle emissions testing equipment . . 42

Carryover credit from prior year(s) [attach computation] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Add line 42 and line 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Vehicle emissions testing equipment credit allowable this year:

Enter the amount from line 44 or the balance of maximum credit available, whichever is less . . . . . . . . . . . . . . . .

Carryover credit for 1999: Line 44 less line 45 (5 year carryover period) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART X – MAJOR BUSINESS FACILITY JOB TAX CREDIT

Credit allowable this year from Form 304 (attach Form 304) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Carryover credit for 1999. Compute on Form 304 if within the 10 year carryover period . . . . . . . . . . . . . . . . . . . . .

PART XI – FOREIGN SOURCE RETIREMENT INCOME TAX CREDIT (NEW FOR 1998)

Qualifying taxable income on which the tax in the foreign country is based . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Virginia taxable income. Enter amount from line 15 of Form 760 or Form 760PY . . . . . . . . . . . . . . . . . . . . . . . . .

5 1

Qualifying tax paid to the foreign country. Enter name of country:___________________________________ . . .

5 1

Virginia income tax. Enter amount from line 16 of Form 760 or Form 760PY . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Income percentage. Divide line 49 by line 50. Compute to one decimal place, not to exceed 100%.

For example, 0.3163 becomes 31.6% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Multiply line 52 by line 53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

CREDIT. Enter the lesser of line 51 or line 54, not to exceed the balance of maximum credit available . . . . . . . .

PART XII – HISTORIC REHABILITATION TAX CREDIT

Enter the amount of eligible expenses (attach certificate) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Multiply the amount on line 56 by 15% . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Carryover credit from prior year(s) [attach computation] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Add line 57 and line 58 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Credit allowable this year:

Enter the amount from line 59 or the balance of maximum credit available, whichever is less . . . . . . . . . . . . . . . .

6 1

Carryover credit for 1999: Line 59 less line 60. (5 year carryover period) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6 1

PART XIII – DAY-CARE FACILITY INVESTMENT TAX CREDIT

Enter 25% of eligible expenses, not to exceed $25,000 (attach certificate) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Carryover credit from prior year(s) [attach computation] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Add line 62 and line 63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Credit allowable this year:

Enter the amount from line 64 or the balance of maximum credit available, whichever is less . . . . . . . . . . . . . . . .

Carryover credit for 1999: Line 64 less line 65. (3 year carryover period. See instructions for limitations) . . . . . . .

PART XIV – LOW- INCOME HOUSING CREDIT (NEW FOR 1998)

67 Enter allowable credit (attach certification form) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 67

68 Enter amount from line 67 or the balance of maximum credit available, whichever is less . . . . . . . . . . . . . . . . . . . 68

PART XV – AGRICULTURAL BEST MANAGEMENT PRACTICES TAX CREDIT (NEW FOR 1998)

69 Enter 25% of qualified expenditures, not to exceed $17,500 (attach certificate) . . . . . . . . . . . . . . . . . . . . . . . . . . . 69

70 Credit allowable this year:

Enter amount from line 69 or the balance of maximum credit available, whichever is less . . . . . . . . . . . . . . . . . . 70

7 1 Carryover credit for 1999: Line 69 less line 70. (5 year carryover period.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 1

PART XVI – TOTAL SCHEDULE CR CREDIT

TOTAL SCHEDULE CR CREDIT. Add lines 8, 9, 13, 20, 25, 30, 35, 40, 45, 47, 55, 60, 65, 68 and 70 . . . . . . . . . . . .

7 2

COMBINED SCHEDULE CR CREDIT. Add column A and column B, line 72.

Enter here and on Form 760, line 18 (e), or on Form 760PY, line 18 (e), or on Form 763, line 19 (d) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

PART XVII – COALFIELD EMPLOYMENT ENHANCEMENT TAX CREDIT - (This credit is computed and reported on the 1998 return.

It will be used as a credit to offset tax in future years based on the schedule on Form 306.)

Coalfield employment enhancement tax credit from 1998 Form 306 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .