Schedule Cr (Form 2601450) - Credit Computation Schedule - 2012 Page 2
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8Schedule CR (2012)
Page 2
Social Security Number
Name(s) as shown on Virginia return
-
-
PART 7 - RENT REDUCTION PROGRAM CREDIT
EXPIRED
A
..................................................................................... 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
7D
available, whichever is less .......................................................................................................
E
Carryover credit to next year: Line C less Line 7D (applicable only if
within 5 year carryover period) ................................................................ E __________________
*
PART 8 - CLEAN-FUEL VEHICLE AND VEHICLE EMISSIONS TESTING EQUIPMENT CREDITS
Clean-Fuel Vehicle and Qualifi ed Electric Vehicle Credit
A
Qualifying Electric Vehicle - Enter 10% of the cost used to
compute the credit under IRC § 30 for qualifi ed electric vehicles ............ 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
8D
available, whichever is less .......................................................................................................
E
Carryover credit to next year: Line C less Line 8D (applicable only if
within 5 year carryover period) ................................................................ E __________________
Vehicle Emissions Testing Equipment Credit
F
Enter 20% of the purchase or lease price paid during the year for
qualifi ed vehicle emissions testing equipment ......................................... F __________________
G
Carryover credit from prior year(s) [attach computation] .........................G __________________
H
Add Lines F and G ...................................................................................H __________________
,
,
.
I
Enter the amount from Line H or the balance of maximum credit
00
8I
available, whichever is less .........................................................................................................
J
Carryover credit to next year: Line H less Line 8I (only if within
5 year carryover period) ...........................................................................J __________________
PART 9 - MAJOR BUSINESS FACILITY JOB TAX CREDIT
A
Current credit amount authorized by the Department of Taxation
(include all expansions) ........................................................................... A __________________
B
Carryover credit from prior years (include all expansions) ....................... B __________________
C
Add lines A and B .....................................................................................C __________________
,
,
D
Credit allowable this year: Line C or the balance of the maximum
.
00
9D
credit available, whichever is less ..............................................................................................
E
Carryover credit to next year: Line C less Line 9D
(10 year carryover period) ........................................................................ E __________________
*
PART 10 - FOREIGN SOURCE RETIREMENT INCOME TAX CREDIT
A
Qualifying taxable income on which the tax in the foreign
country is based (See Instructions). ........................................................ A __________________
B
Virginia taxable income (See Instructions). ............................................. B __________________
C
Qualifying tax paid to the foreign country.
Enter name of country:___________________________________ .......C __________________
D
Virginia income tax (See Instructions). ....................................................D __________________
E
Income percentage. Divide Line A by Line B. Compute to one decimal
place, not to exceed 100%. For example, 0.3163 becomes 31.6% ........ E __________________
F
Multiply Line D by Line E ......................................................................... F __________________
,
,
G
Credit allowable this year: Enter the lesser of Line C or Line F,
.
00
10G
not to exceed the balance of maximum credit available .........................................................
PART 11 - HISTORIC REHABILITATION TAX CREDIT
A
Enter the amount of eligible expenses .................................................... A __________________
B
Multiply the amount on Line A by 25% ..................................................... B __________________
C
Carryover credit from prior year(s) ..........................................................C __________________
D
Add Lines B and C ...................................................................................D __________________
,
,
.
E
Credit allowable this year: Enter the amount from Line D or the
00
11E
balance of maximum credit available, whichever is less ........................................................
F
Carryover credit to next year: Line D less
Line 11E. (10 year carryover period) ....................................................... F __________________
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