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INSTRUCTIONS

PART I

SECTIONS 1 - 3

These sections should be completed for qualified investment placed in service or use in this taxable year, unless an election to defer the

credit was made. If such election was made for the prior year, then these sections should be completed for qualified investment placed in

service during that prior year.

If this is a certified multiple year project, then include qualified investment placed in service or use in the prior year, (if an election to defer

credit was made for the previous year) along with current year qualified investment.

Leased property placed into service or use prior to January 1, 1990 for which the cost is not quantifiable at outset should be reported

in section 5 (see instructions below).

Make entries in each column as indicated on the credit schedule, as applicable.

SECTION 4

Enter the amount from Section 1, line (d), Column 3 on line (a) of Section 4; the amount from Section 2, line (d), Column 3 on line (b),

of Section 4; the amount from Section 3, line (c), Column 3 on line (c), of Section 4.

Add the amounts on lines (a)(b) and (c) and enter the result on line (d). When claiming the Small Business Credit, divide the amount on

line (d) by ten (10) and enter the result in Part III, Section 1, line 1.

SECTION 5

(Only applies to non-quantifiable leases of property first placed in service or use or leased prior to March 10, 1990).

The qualified investment property may include leased properties for which the cost is not quantifiable at the outset of the lease.

In this event, the cost of these properties must be determined annually and is the amount of royalties or payments actually paid to the

owner of the properties during each taxable year for a total period of ten (10) years for realty, or for the primary term of a lease of tangible

personal property for at least four (4) years up to ten (10) years, multiplied by the appropriate percentage determined according to the lease

term and useful life of tangible personal property.

The amount of such cost each year, multiplied by the new jobs percentage, (determined at the time the leased properties are placed in

service or use) divided by ten (10), establishes the allowable credit each year for ten (10) successive years, beginning with the year in which

the payments were made.

Make entries in each column in Part I, Section 5 as indicated on the credit schedule, as applicable.

Enter the amount from line (d), Column 3 of Part I, Section 5 in Part III, Section 2, line 1.

PART II - SECTION 1

NEW JOBS

Line 1. Enter in Column 1, the total number of employees in West Virginia prior to the time the qualified investment in a new or expanded

business facility was placed in service or use in this State. Enter in Column 2, the total dollar amount of the annual payroll of those employees.

Line 2. Enter in Column 1, the total number of employees in West Virginia this taxable year. Enter in Column 2, the total dollar amount

of the annual payroll of those employees.

Line 3. Enter in Column 1, the average number of employees in West Virginia during this taxable year. (The average is attained by

adding the number of employees in West Virginia at the beginning of the year to the number of employees in West Virginia at the end of the

year and dividing the result by 2).

Line 4. Enter in Column 1, the number of new jobs in West Virginia directly attributable to the qualified investment in the new or expanded

business facility in this State. Enter in Column 2, the total dollar amount of the annual payroll of those employees.

Line 5. Enter in Column 1, the number of jobs, filled both by West Virginia domiciled West Virginia residents and by nonresidents working

in West Virginia, created during and subsequent to the new jobs redetermination period, which are directly attributable to the qualified

investment.

Enter in Column 2, the total dollar amount of the payroll, during the taxable year, of these jobs directly attributable to the qualified

investment.

Wv/bcs-Small - West Virginia Small Business Investment And Jobs Expansion Tax Credit Page 7