Form Wv/bft-120 - Business Franchise Tax Return - 2001 Page 2
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1
2SCHEDULE A — SUBSIDIARY CREDIT (11-23-17 (c) )
Column 1
Column 4
Column 2
Column 3
Account number and name of
Allowable Credit
Recomputed Business
Percentage of
Subsidiary or Partnership
(Column 2 X Column 3)
Franchise Tax Liability
Ownership
No.
Name
No.
Name
No.
Name
No.
Name
No.
Name
TOTAL — (Enter here and on Summary Schedule TC, line 1, Column 1)
SCHEDULE B — TAX CREDIT FOR PUBLIC UTILITIES AND ELECTRIC POWER GENERATORS
(11-23-17 (b) )
1.
Gross income in West Virginia subject to the STATE Business and Occupation Tax
1.
2.
Total gross income of taxpayer from all activity in West Virginia
2.
3.
Line 1 ÷ line 2
3.
4.
Business Franchise Tax liability (From page 1, line 19, reduced by any Subsidiary Credit)
4.
5.
Allowable credit — (line 4 X line 3) (Enter here and on Summary Schedule TC, line 3, Column 1)
5.
SCHEDULE C — FINANCIAL ORGANIZATION PROPERTY TAX CREDIT (11-23-17 (d) )
Property taxes, paid in West Virginia, on shares of stock in a banking institution, national banking association, or
1.
1.
industrial loan company
Property taxes, paid in West Virginia, on the capital of a building and loan association or federal savings and loan
2.
2.
association
3.
3.
Add lines 1 and 2
Business Franchise Tax liability (From page 1, line 19, reduced by any Subsidiary Credit and/or Business and
4.
4.
Occupation Tax Credit)
5.
5.
Allowable credit (lesser of lines 3 or 4) (Enter here and on Summary Schedule TC, line 4, Column 1)
SCHEDULE D — COMMERCIALLY DOMICILED FINANCIAL ORGANIZATION TAX CREDIT (11-23-27)
1.
Franchise taxes actually paid to another state(s) (attach list of states and amounts)
1.
2.
Capital subject to tax in another state(s)
2.
3.
.007
West Virginia Business Franchise Tax rate (.70%)
3.
4.
Adjusted franchise taxes paid to another state(s) (line 2 X line 3)
4.
5.
Allowable credit (lesser of lines 1 or 4) (Enter here and on Summary Schedule TC line 2, Column 1)
5.
Page 26
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