Schedule I - Credit For Industrial Expansion Or Revitalization Form

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W e s t
V i r g i n i a
S c h e d u l e
I
C r e d i t
f o r
I n d u s t r i a l
E x p a n s i o n
o r
R e v i t a l i z a t i o n
Business Name
Indentification Number
Tax Period
To
C O M P U T A T I O N
O F
E L I G I B L E
I N V E S T M E N T
( C o l u m n
1 )
( C o l u m n
2 )
( C o l u m n
3 )
N e t
C o s t
P e r c e n t a g e
A l l o w a b l e
C o s t
1.
Expansion or Revitalization property with useful life of
I n v e s t m e n t
$
$
4 years or more but less than 6 years
33 1/3%
2.
Expansion or Revitalization property with useful life of
$
6 years or more but less than 8 years
$
66 2/3%
3.
Expansion or Revitalization property with useful life of
8 years or more
$
$
100%
4.
Total Eligible Expansion or Revitalization Investment
$
5. Total Potential Expansion Credit (10% of Line 4) .........................................................................................................
$
6. Available Annual Expansion Credit (10% of Line 5) (Forfeited if not used) .................................................................
$
7. Available Annual Expansion or Revitalization Credit from prior years ........................................................................
$
8. Total available Annual Expansion or Revitalization Credit (Line 6 plus Line 7) ............................................................
$
9. a)
Total Business Franchise Tax ............................................................................................
$
Manufacturers
b)
Amount of Other Credits Claimed .....................................................................................
$
c)
Net Limit (9a-9b) ................................................................................................................
$
d)
Credit Limit (50% of 9a) .....................................................................................................
$
e)
Amount of Other § 11-13D Credits Claimed.......................................................................
$
f)
Net § 11-13D Limit (9d - 9e) ................................................................................................
$
g)
Industrial Expansion or Revitalization Credit Offset .........................................................
$
10. a)
Total Business and Occupation Tax ..................................................................................
$
b)
Amount of Other Credits Claimed .....................................................................................
$
Electric Power
c)
Net Limit (10a-10b) .............................................................................................................
$
Producers
d)
Credit Limit (50% of 10a) ...................................................................................................
$
e)
Amount of Other § 11-13D Credits Claimed.......................................................................
$
f)
Net § 11-13D Limit (10d - 10e) ............................................................................................
$
g)
Industrial Expansion or Revitalization Credit Offset .........................................................
$
11. a)
Total Severance Tax ..........................................................................................................
$
b)
Amount of Other Credits Claimed .....................................................................................
$
Natural
c)
Net Limit (11a-11b) .............................................................................................................
$
Resource
d)
Credit Limit (50% of 11a) ...................................................................................................
$
Processors
e)
Amount of Other § 11-13D Credits Claimed.......................................................................
$
f)
Net § 11-13D Limit (11d - 11e) ............................................................................................
$
g)
Industrial Expansion or Revitalization Credit Offset .........................................................
$
12. Total credit claimed (Lines 9g + 10g + 11g) ..............................................................................
$
Note that the sum of credit claimed on Lines 9g, 10g, and 11g may not exceed 50% of the sum of the liabilities reported on Lines
9a, 10a and 11a. This 50% also applies to the sum of all tax credits claimed under § 11-13D and of the West Virginia Code (i.e. Research
and Development Credit, Residential Housing Development Credit). Unused annual credit is forfeited.

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