Instructions For Form Wrc - Worker Retraining Tax Credit Application Page 3
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3Schedule 2 (Form WRC) Instructions
later than May 15. Employers will be notified by June 30 as to
Enter the name of the apprenticeship program and describe the
the applicable credit. After notification, claim the credit on the
program, then use the instructions on Schedule 2 (Form WRC) to
tax return the same as any other credit.
list each employee for whom retraining was provided through an
approved apprenticeship program and enter the information
In the event that requests for worker retraining credits exceed the
requested concerning that training. See the definitions listed in
annual fiscal limitation of $2,500,000, each employer shall be
these instructions before completing this schedule to ensure that
granted a pro rata amount as determined by the Department of
the training costs and employees listed qualify for the credit. If
Taxation.
additional space is needed, attach a separate page.
IMPORTANT: Taxpayers who will not receive the final
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certification of their credits prior to the due date of the state tax
return on which the credit will be claimed must file the
File the 2000 Form WRC no later than April 1, 2001, in order
appropriate return extension request or file their income tax
for the qualification process to be completed. Forms received
return by the due date, then amend their return after receiving
after that date may not be processed and credit may not be
credit certification from the Department of Taxation.
approved.
If applying for the worker retraining credit based on the noncredit
course alone or on both the noncredit course and an
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apprenticeship program, file Form WRC with all required
attachments (listed below) to:
The Virginia Department of Taxation will issue a credit certificate
specifying the amount of credit authorized to each partnership, S
Worker Retraining Tax Credit Application
corporation or limited liability company qualifying to claim a
Virginia Department of Business Assistance
portion of this credit.
P. O. Box 446
Richmond, Virginia 23218-0446
Each pass-through entity must attach to their application a
Schedule listing the name, address, social security or FEIN
If applying for the worker retraining credit based only on the
number, and proportion of ownership/interest that each of their
apprenticeship program, file Form WRC with all required
partners, ownership or interest has in the business.
attachments (listed below) to:
After the credit is granted, the pass-through entity must distribute
Capped Credit Unit
this credit to its partners, shareholders and members. Each
Virginia Department of Taxation
member must be provided a copy of the credit certificate and a
P. O. Box 715
statement specifying the amount and percentage of the credit
Richmond, Virginia 23218-0715
distributed. The taxpayer claiming the credit must attach a copy
of the certificate and the statement to their tax return in order to
obtain the credit.
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If Schedule 1(Form WRC) was completed, attach a copy of the
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documentation used in completing Schedule 1, including
enrollment forms from the school/college showing the courses
Write the Virginia Department of Taxation, P. O. Box 715,
taken and payment by the employer.
Richmond, VA 23220-0715 or call (804) 367-2992. To order
forms, call 1-888 268-2829 (toll free outside the Richmond,
If Schedule 2 (Form WRC) was completed, attach a schedule
Virginia calling area), (804) 236-2760 or (804) 236-2761. If
showing computation of the training costs for each employee and
you have Internet access, connect to
a complete copy of the signed apprenticeship program agreement,
as approved by the Virginia Apprenticeship Council (Virginia
for most Virginia tax forms and additional tax information.
Department of Labor and Industry). Also include a list identifying
Forms are also available from the office of your local
the credit and noncredit courses included in the training program,
Commissioner of the Revenue, Director of Finance or Director of
indicating for each the training source (Virginia community
Tax Administration.
college or private school) and cost.
Virginia Tax Bulletin 99-4, dated April 4, 1999, provides
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additional information on the worker retraining credit and
how the credit applies. To obtain this bulletin, see “Where
Applications will be reviewed by the Virginia Department of
To Get Help” above.
Business Assistance and/or the Virginia Department of
Taxation for completeness. Employers will be notified of any
errors by May 1 and must respond to any unresolved issues no
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