Schedule Cr (Form 2601450) - Credit Computation Schedule - 2012

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2012

Schedule CR
CREDIT COMPUTATION SCHEDULE - See Page 8 and Schedule CR Instructions
for required attachments. Attach this to your return.
Your Social Security Number
Name(s) as shown on Virginia return
-
-
SECTION 1 - NONREFUNDABLE CREDITS
whole dollars only
PART 1 - MAXIMUM NONREFUNDABLE CREDITS
A
Enter the total tax computed on your return less the total of Spouse Tax Adjustment, Credit for
Low Income Individuals or the Virginia Earned Income Credit, and Credit for Tax Paid to Another
,
,
.
State. The maximum nonrefundable credits allowable in Section 2, Line 1A of Schedule CR
00
1A
may not exceed this amount. ......................................................................................................
*
PART 2 - ENTERPRISE ZONE ACT CREDIT
,
,
.
00
2A
A
Credit allowable this year from Form 301 (attach Form 301) .................................................
PART 3 - NEIGHBORHOOD ASSISTANCE ACT CREDIT
A
Authorized amount of Neighborhood Assistance Act Credit .................... A __________________
B
Carryover credit from prior year(s) .......................................................... B __________________
C
Add Lines A and B ...................................................................................C __________________
,
,
D
Credit allowable this year: Line C or balance of maximum credit
.
00
3D
available, whichever is less .........................................................................................................
E
Carryover credit to next year: Line C less Line 3D (applicable only if within
5 year carryover period) ........................................................................... E __________________
*
PART 4 - RECYCLABLE MATERIALS PROCESSING EQUIPMENT CREDIT
A
Enter 10% of qualifying recyclable equipment cost .................................. A __________________
B
Carryover credit from prior year(s) [attach computation] ......................... B __________________
C
Add Lines A and B ....................................................................................C __________________
D
Enter 40% of tax per return ......................................................................D __________________
E
Maximum Recyclable Materials Processing Equipment Credit
Line C or Line D, whichever is less ......................................................... E __________________
,
,
F
Credit allowable this year: Line E or balance of maximum credit
.
00
4F
available, whichever is less ........................................................................................................
G
Carryover credit to next year: Line C less Line 4F (applicable only if
within 10 year carryover period) ..............................................................G __________________
PART 5 - CONSERVATION TILLAGE EQUIPMENT CREDIT
*
A
Enter 25% of qualifying property cost or $4,000, whichever is less ......... A __________________
B
Carryover credit from prior year(s) [attach computation] ......................... B __________________
C
Add Lines A and B ...................................................................................C __________________
,
,
.
D
Credit allowable this year: Line C or balance of maximum credit
00
5D
available, whichever is less ........................................................................................................
E
Carryover credit to next year: Line C less Line 5D (applicable only if
within 5 year carryover period) ................................................................ E __________________
*
PART 6 - PRECISION FERTILIZER AND PESTICIDE APPLICATION EQUIPMENT CREDIT
A
Enter 25% of current qualifying equipment cost or $3,750,
whichever is less ................................................................................... A __________________
B
Carryover credit from prior year(s) [attach computation] ......................... B __________________
C
Add Lines A and B ...................................................................................C __________________
,
,
D
Credit allowable this year: Line C or balance of maximum credit
.
00
6D
available, whichever is less .......................................................................................................
E
Carryover credit to next year: Line C less Line 6D (applicable only if
within 5 year carryover period) ................................................................. E __________________
2601450 Rev. 04/12

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