Form Wv/mptac-1 - Manufacturing Property Tax Adjustment Credit
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1
2Manufacturing Property Tax
West Virginia
WV/MPTAC-1
Adjustment Credit
State Tax
Rev. 10/15
Department
(For periods AFTER January 1, 2015)
Business
Identification
Name
Number
TAx PERiod
To
MM
dd
YYYY
MM
dd
YYYY
In order to claim a Manufacturing Property Tax Adjustment Credit, the claimant must be a manufacturer that also paid Ad
Valorem Property Tax on manufacturing inventory to one or more West Virginia Counties during the taxable year.
Manufacturing Property Tax Adjustment Credit Calculation
1.
North American Industry Classification System (NAICS) Code and Description
$
Code (Enter 6-digit NAICS Code number)....................................................................
____________________________________________________________________________________________
____________________________________________________________________________________________
____________________________________________________________________________________________
2.
Available Credit – Amount of West Virginia Ad Valorem Property Tax Paid on
the Value of Manufacturing Inventory During the Tax year (Enter the sum of the
amounts on Line 18 of the attached Annual Schedule(s). Credit claims without
$
completed Annual Schedule(s) will be denied)............................................................
$
3.
Corporation Net Income Tax Liability............................................................................
$
4.
Total of other tax credits applied against the Corporation Net Income Tax..................
$
5.
Adjusted Corporation Net Income Tax Liability (Line 3 minus line 4)...........................
6.
Manufacturing Property Tax Adjustment Credit to be applied against Corporation
Net Income Tax Liability (Enter the smaller of: (a) the amount on Line 2; or (b) the
amount on Line 5. Also, enter the value on Summary of Corporation Net Income Tax
$
Credits (Form CNF-120TC).........................................................................................
Under penalties of perjury, I declare that I have examined this credit claimed form (including accompanying schedules and
statements) and to the best of my knowledge it is true, and complete.
Signature of Taxpayer
Name of Taxpayer: Type or Print
Title
Date
Person to Contact of Concerning this Return
Telephone Number
Signature of Preparer other than Taxpayer
Address
Title
Date
Schedule WV/MPTAC-1
Page 1 of 2
Rev. 10/15
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