Form Wv/cnf-120 - West Virginia Combined Income/franchise Tax Return - 2003 Page 2
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1
2
3
4SCHEDULE A
BUSINESS FRANCHISE TAX — CALCULATION OF WEST VIRGINIA TAXABLE CAPITAL (11-23-3 (b) (2))
Column 1
Column 2
Column 3 — Average
÷
Beginning Balance
Ending Balance
(Col. 1 + Col. 2)
2
Dollar amount of common stock & preferred stock
1
1
2
2
Paid-in or capital surplus .......................................
Retained earnings appropriated & unappropriated
3
3
Shareholders undistributed taxable income...........
4
4
5
Accumulated adjustments account........................
5
6
6
Other adjustments accounts..................................
7
7
Add lines 1 through 6 of Column 3 .........................
. Less: Cost of Treasury stock.................................
8
8
9
9
Dollar amount of partner’s capital accounts..........
10
10
Capital - subtract line 8, Column 3 from line 7, Column 3................................................................................................
11
Multiplier for allowance for certain obligations/investments - Schedule B-1, Line 7......................................................
11
12
Allowance - Line 9 or 10 multiplied by line 11................................................................................................................
12
Adjusted capital - subtract line 12 from line 9, or 10. If taxable only in West Virginia enter this amount also on line15
13
13
•
14
14
Apportionment factor - Form WV/CNF-120APT, Schedule B, Line 8 or Part 3, Column 3...............................................
15
TAXABLE CAPITAL - Line 13 multiplied by line 14 - Enter on page 1, Line 1................................................................... 15
SCHEDULE A-1
BUSINESS FRANCHISE TAX — SUBSIDIARY CREDIT (11-23-17 (c))
Column 2
Column 3
Column 4
Column 1
Recomputed Business
Percentage of
Allowable Credit
Account number and name of
Franchise Tax Liability
Ownership
(Column 2 X Column 3)
Subsidiary or Partnership
No.
Name
No.
Name
No.
Name
TOTAL — (Enter here and on Form WV/CNF-120TC, line 1, Column 1).......................................................................................
SCHEDULE A-2
BUSINESS FRANCHISE TAX — 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 divided by line 2....................................................................................................................................................
3
4
Business Franchise liability - From page 1, Line 3, reduced by any Subsidiary Credit...................................................
4
5
Allowable credit - Line 4 multiplied by line 3 - Enter here and on Form WV/CNF-120TC, line 2, Column 1......................
5
SCHEDULE A-3
BUSINESS FRANCHISE TAX — FINANCIAL ORGANIZATION PROPERTY TAX CREDIT (11-23-17 (d))
1
West Virginia property taxes paid on shares of stock in a state bank, national bank or industrial loan company..........
1
2
West Virginia property taxes paid on the capital of a building and loan association or federal savings and loan association....... 2
3
Line 1 plus line 2.............................................................................................................................................................
3
4
Business Franchise liability - Page 1, Line 3, reduced by any Subsidiary Credit and Business and Occupation Tax Credit..........
4
5
Allowable credit - lessor of lines 3 or 4 - Enter here and on Form WV/CNF-120TC, line 3, Column 1............................
5
SCHEDULE A-4
BUSINESS FRANCHISE TAX — 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
West Virginia Business Franchise Tax rate - 0.7%.........................................................................................................
3
0.007
4
Adjusted franchise taxes paid to another state(s) - line 2 multiplied by line 3................................................................
4
5
Allowable credit - lesser of lines 1 or 4 - Enter on Form WV/CNF-120TC, line 4, Column 1...........................................
5
Page 10
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