Wv/bcs-Small - West Virginia Small Business Investment And Jobs Expansion Tax Credit Page 21
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28P A R T
P A R T
I V
I V
Name ____________________________________________
Identification Number ______________________________ Taxable year beginning ______________________, Ending _____________________
TAX CREDIT COMPUTATION SCHEDULE
=
x
Type
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
of
Liability
Payroll
Tax
Tax Subject
Amount of
Tax Subject
Amount of
Col. 5 + Col.7
Deferred Credit
Col. 8 - Col. 9
Tax Eligible
Free-up
Total
Tax
Factor
Attributable
To Credit
Credit Applied
To Rebate
Rebate Applied
(Col. 8 x 20%)
for Free-up
Credit
Credits
To Investment
(Col. 3 - Col.4)
Credit
Applied
(Col. 10 + Col.
(Col. 3 - Col. 10)
12)
(a)
Business &
.80
Occupation
Tax
(b)
Severance
.80
Tax
(c)
Tele-
.80
communication
Tax
(d)
Business
.80
Franchise
Tax
(e)
Corporation
.80
Net Income
Tax
(f)
Personal
Income
.80
Tax on Net
Income From
Business
Activity
(g)
Total
* Credit against Severance Tax may only be claimed if the qualified investment was placed into service or use prior to January 1, 1990 or if the taxpayer qualified under one of the transition rules of W. Va. Code § 11-13C-14 and filed a WV/BCS-SEV on or before July
2, 1990.
7
ADVERTISEMENT
0 votes
Related Articles
Related forms
Form Wv/bcs-a - Application For West Virginia Business Investment And Jobs Expansion Tax Credit For Investments Placed In Service On Or After January 1, 1990
Financial
Form Wv/bcs-1 - West Virginia Business Investment And Jobs Expansion Tax Credit Or Corporate Headquarters Relocation Credit
Financial
Form Wv/bcs-1 - West Virginia Business Investment And Jobs Expansion Tax Credit Or Corporate Headquarters Relocation Credit
Financial
Form Wv/bcs - Notice To Tax Commissioner Of Claim For West Virginia Business Investment And Jobs Expansion Tax Credit
Financial
Form Wv/bcs - Notice To Tax Commissioner Of Claim For West Virginia Business Investment And Jobs Expansion Credit
Financial
Related Categories
Parent category: Financial