Sch. Bcs-Pit - Business Investment And Jobs Expansion Credit Claims Against Personal Income Tax
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3Sch. BCS-PIT
BUSINESS INVESTMENT AND
Rev. 2/00
JOBS EXPANSION CREDIT
CLAIMS AGAINST PERSONAL INCOME TAX
Tax Period From: ____________________________________ To: ___________________________________
Last Name
Taxpayer’s First Name
Your Social Security Number
If Joint Return, Spouse's First Name
Spouse's Social Security Number
Present Home Address
Your Telephone Number
City
State
Zip Code
Part I Pass-Through Entity Credit Calculation
1. a.
Pass-Through Entity Name: ......................................................................................
b.
Pass-Through Entity FEIN: ........................................................................................
c.
Pass-Through Entity Tax Year: .................................................................................
2.
West Virginia Apportionment Factor of the Pass-Through Entity
(Express as a Decimal to 6 Places; from Form WV/BFT-120) .....................................................................
3.
Project Payroll Factor Expressed as Decimal to 6 Places
(Form WV/BCS-1, Part III, Section 2) .............................................................................................................
4.
Annual Credit Allowance Available (Form WV/BCS-1, Part V, Section 2, Line (a)) ....................................
Amount of Credit Applied
5. a.
Business and Occupation Tax (Form WV/BCS-1, Part IV, Column 5, Line (a)) ...
b.
Severance Tax (Form WV/BCS-1, Part IV, Column 5, Line (b)) ............................
c.
Telecommunications Tax (Form WV/BCS-1, Part IV, Column 5, Line (c)) ............
d.
Business Franchise Tax (Form WV/BCS-1, Part IV, Column 5, Line (d)) .............
6.
Amount of Credit Applied Total (Sum of Lines 5a through 5d) .....................................................................
7.
Amount of Credit Remaining (Line 4 less Line 6) ..........................................................................................
8.
Maximum Rebate Allowable Current Year (Form WV/BCS-1, Part V, Section 2, Line (d)) .......................
9.
Rebate Available Current Year (Lesser of Line 7 or Line 8) .........................................................................
10.
Rebate from Prior Years (Form WV/BCS-1, Part V, Section 2, Line (f)) .....................................................
Col. I
Col. II
Amount of Rebate Applied
Prior Year
Current Year
(First Apply Against Prior Year Rebate Until Value Exhausted)
11. a.
Business and Occupation Tax (Form WV/BCS-1, Part IV, Column 7, Line (a)) ...
b.
Severance Tax (Form WV/BCS-1, Part IV, Column 7, Line (b)) ............................
c.
Telecommunications Tax (Form WV/BCS-1, Part IV, Column 7, Line (c)) ............
d.
Business Franchise Tax (Form WV/BCS-1, Part IV, Column 7, Line (d)) .............
12.
Amount of Rebate Applied Total (Sum of Lines 11a through 11d) ........................
13.
Amount of Credit Remaining for Shareholders (Line 7 less Line 12, Col. II) ...............................................
14.
Amount of Prior Year Rebate Available for Shareholders (Line 10 less Line 12, Col. I) ............................
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