Form Wrc Instructions - Worker Retraining Tax Credit Application

Taxation for completeness. Employers will be notified of any

Part III - Credit Based On Apprenticeship Programs

errors by May 1 and must respond to any unresolved issues

Credit will be granted for apprenticeship programs

no later than May 15. Employers will be notified by June 30

(approved by the Virginia Apprenticeship Council through the

Virginia Department of Labor and Industry) which meet the

as to the applicable credit. After notification, claim the credit

on the tax return the same as any other credit.

qualifications for this credit. See the definitions provided

earlier in these instructions, before completing this section.

In the event that requests for worker retraining credits exceed

the annual fiscal limitation of $2,500,000, each employer

Complete Schedule 2 (Form WRC) using the instructions

below, then enter each program name and the total cost and

shall be granted a pro rata amount as determined by the

total credit requested in the space provided. Complete a

Department of Taxation.

separate schedule for each apprenticeship program for

which the worker retraining tax credit is requested.

IMPORTANT: Taxpayers who will not receive the final

certification of their credits prior to the due date of the

Schedule 2 (Form WRC) Instructions

Enter the name of the apprenticeship program and describe

state tax return on which the credit will be claimed must

the program, then use the instructions on Schedule 2 (Form

file the appropriate return extension request or file their

WRC) to list each employee for whom retraining was

income tax return by the due date, then amend their

provided through an approved apprenticeship program and

return after receiving credit certification from the

enter the information requested concerning that training.

Department of Taxation.

See the definitions listed in these instructions before

completing this schedule to ensure that the training costs

and employees listed qualify for the credit. If additional

space is needed, attach a separate page.

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WRC

The Virginia Department of Taxation will issue a credit

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certificate specifying the amount of credit authorized to each

partnership, S corporation or limited liability company

File the 1999 Form WRC no later than April 1, 2000, in

qualifying to claim a portion of this credit.

order for the qualification process to be completed. Forms

received after that date may not be processed and credit

Each S corporation qualifying for this credit must attach a

may not be approved.

copy of the certificate and a schedule listing the name,

address, social security or number (or FEIN) and credit

If applying for the worker retraining credit based on the

amount for each individual shareholder to whom the credit is

noncredit course alone or on both the noncredit course and

distributed. Each partnership or limited liability company

an apprenticeship program, file Form WRC with all required

distributing this credit must return a copy of the credit

attachments (listed below) to:

certificate and the same partner or member information

directly to the Virginia Department of Taxation, ATTN:

Worker Retraining Tax Credit Application

Worker Retraining Tax Credit Distribution, P. O. Box 5126,

Virginia Department of Business Assistance

Richmond, Virginia 23220-0126 within 60 days of making the

P. O. Box 446

distribution.

Richmond, Virginia 23218-0446

Each partnership, shareholder and limited liability company

If applying for the worker retraining credit based only on the

distributing this credit to its partners, shareholders and

apprenticeship program, file Form WRC with all required

members must also provide a copy of the credit certificate

attachments (listed below) to:

and statement specifying the amount and percentage of the

credit distributed. The partner, shareholder or member

Worker Retraining Tax Credit Application

claiming the credit must attach a copy of the credit certificate

Virginia Department of Taxation

and statement received to the tax return in order for the

P. O. Box 5126

credit to be allowed.

Richmond, Virginia 23220-0126

WRC

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If Schedule 1(Form WRC) was completed, attach a copy of

Write the Virginia Department of Taxation, P. O. Box

the documentation used in completing Schedule 1.

5126, Richmond, VA 23220-0126 or call (804) 367-8036.

To order forms, call 1-888 268-2829 (toll free outside the

If Schedule 2 (Form WRC) was completed, attach a schedule

Richmond, Virginia calling area), (804) 236-2760 or (804)

showing computation of the training costs for each employee

236-2761. If you have Internet access, connect to

and a complete copy of the signed apprenticeship program

for most Virginia tax forms and

agreement, as approved by the Virginia Apprenticeship

additional tax information. Forms are also available from the

Council (Virginia Department of Labor and Industry). Also

office of your local Commissioner of the Revenue, Director

include a list identifying the credit and noncredit courses

of Finance or Director of Tax Administration.

included in the training program, indicating for each the

training source (Virginia community college or private

Virginia Tax Bulletin 99-4, dated April 4, 1999, provides

school) and cost.

additional information on the worker retraining credit and how

the credit applies. To obtain this bulletin, see “Where To Get

WRC

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Help” above.

Applications will be reviewed by the Virginia Department of

Business Assistance and/or the Virginia Department of

Form Wrc Instructions - Worker Retraining Tax Credit Application - 1999 Page 3

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