Schedule Wv/srdtc-1 - Strategic Research And Development Tax Credit Page 2
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221. Enter amount of Credit Claimed against Personal Income Tax ............................................................... $
22. Total Credit Claimed This Year (Sum of Line 17, Line 19 and Line 21) ................................................... $
23. Credit Balance (Subtract Line 22 from Line 15) ........................................................................................ $
24. Strategic Research and Development Credit Allocated to Owners
Owner Ownership
Strategic Research
Owner Name
Owner FEIN
%
And Development
Credit Allocated
$
$
$
$
TOTAL ALLOCATED ......................................................................................................................................... $
25. Unused Credit (Subtract Total Allocated Credit from Line 23) ................................................................ $
26. Refundable Credit* for “Small Qualified Research and Development Company”
In order to claim a refundable credit, all of the following must be satisfied:
I
Qualified R & D Investment/Expenditure made on or after July 1, 2004 and the tax year of the
Qualified Research and Development Company began on or after July 1, 2004,**
II
Qualified R & D Investment/Expenditure made prior to January 1, 2008
III
Gross Revenues of R & D company, including controlled group, less than or equal to $20,000,000
IV
Payroll of R & D company, including controlled group, less than or equal to $2,500,000
If conditions I, II, III and IV have been satisfied,
enter minimum of $100,000*** or the amount on Line 25. ...................................................................... $
(Business Franchise Tax and/or Corporation Net Income Tax Taxpayers enter the
refundable credit on the *Prior year carryforward credit” line and enter a note and amount
to the left of the entry field. Personal Income Tax taxpayers enter the refundable credit on
the “Tax Credits/Employment/Family Adoption Credit” Line).
27. Credit Carryover Recap
Amount used in
Amount Used
Year of Credit
Carry-Over-Amount
prior carry-over years
This Year
Remaining Credit
*The Refundable Credit is subject to an overall statutory limit. Thus, the amount of credit may be reduced by the Tax Commissioner
upon the review of all credit claims.
**The tax year of the Qualified Research and Development Company must begin on or after July 1, 2004. For example, a Taxpayer
whose tax year begins on January 1 cannot claim the refundable credit for the January 1, 2004 to December 31, 2004 tax year (the
first tax year that a January 1 to December 31 tax year filer can claim the refundable credit would be the January 1,2005 to
December 2005 tax year).
***The total Refundable Credit claimed by an eligible Taxpayer, including owners and the controlled group cannot exceed $100,000.
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Parent category: Financial