Form Wv-Sp-1 - New Steel Manufacturing Operation Tax Credit Schedule Template printable pdf download

Form Wv-Sp-1 - New Steel Manufacturing Operation Tax Credit Schedule Template

Form WV/SP-1

NEW STEEL MANUFACTURING

Orig. 11/98

OPERATIONS TAX CREDIT SCHEDULE

(VALUE-ADDED STEEL PRODUCTS)

Tax Period From:

To:

Business Name

West Virginia Identification Number

Business Address (Please include City, State and Zip Code)

Part 1 - Number Of New Jobs Held By Qualified Employees

1. Complete The Following Table:

C o lu m n I

C o lu m n II

C o lu m n III

C o lu m n IV

M o n t h

B e g in n in g M o n t h l y

E n d in g M o n th l y

A v e r a g e M o n t h ly E m p lo y m e n t

E m p lo y m e n t

(C o lu m n I I + C o lu m n III)/2

J a n u a r y

F e b r u a r y

M a r c h

A p r i l

M a y

J u n e

J u l y

A u g u s t

S e p te m b e r

O c to b e r

N o v e m b e r

D e c e m b e r

2. Number Of New Jobs For Taxable Year (Total of Column IV divided by the number of

months in the taxable year; rounded to the nearest whole number) ........................................

3. Available Credit (Line 2 times $250.00)

(See instructions if a job has not existed for the entire taxable year) .......................................

4. Available Unused Credit From Prior Year ...............................................................................

5. Total Available Credit (Line 3 plus Line 4) ..............................................................................

Claiming the Credit

Part 2 - Business Franchise Tax Calculations

6. Total WV Gross Income Attributable To New Value-Added Steel Products .............................

7. Total Gross Income Everywhere ............................................................................................

8. Eligible Income Ratio (Line 6 divided by Line 7; State as a Decimal, not more than 1.0) .........

9. Total Business Franchise Tax Liability After all Other Tax Credits ..........................................

10. Total Eligible Business Franchise Tax Liability (Line 8 times Line 9) .......................................

11. Total Value-Added Steel Products Credit (Lesser of Line 5 or Line 10) ..................................

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Form Wv-Sp-1 - New Steel Manufacturing Operation Tax Credit Schedule Template

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