Virginia Form Itf - Application For International Trade Facility Tax Credit Page 3
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8Form ITF
List of Qualifying Full-Time Employees
Schedule A
Complete if applying for a Port Job Tax Credit
• Attach a list of all full-time employees used to qualify for this credit.
• List must be in the format shown in the sample below.
Two or more affiliated companies may elect to aggregate the number of jobs created for qualified full-time employees as the
result of the establishment or expansion by the individual companies to qualify for this credit. "Affiliated companies" means
two or more companies related to each other such that one company owns at least 80% of the voting power of the other
(or others) or at least 80% of the voting power of two or more companies is owned by the same interests. For each month,
enter the total number of qualifying full-time employees on Schedule A.
Each qualifying full-time position must:
(a) be of indefinite duration, created by the taxpayer after establishing or expanding an international trade facility in Virginia;
and
(b) require a minimum of 35 hours per week for the entire year (minimum of 48 weeks); or
(c) require a minimum of 35 hours a week for the portion of the taxable year in which the employee was initially hired for, or
transferred to, the international trade facility in Virginia.
In addition to including your name as it appears on the Form ITF, your FEIN or Social Security Number, and the location of
your international trade facility, your list must include the following columns:
Columns A and B: Enter the name and Social Security Number of each qualifying employee. If claiming a qualifying em-
ployee of an affiliated company (see paragraph above), make a notation beside each such employee in
Column A and attach a separate schedule showing the corresponding affiliated company.
Column C:
Enter the number of full months that the employee was employed in a qualifying position during the
credit year.
Column D:
Enter a brief position description for the qualifying employee.
Column A
Column B
Column C
Column D
Employee Name
Social Security Number
Number of Full
Brief Position Description/Number
(Use Additional Schedules As Necessary)
Months Employed
During the Credit
Year
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