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Community Development will issue a proportionate amount to

tillage planters and drills designed to reduce soil compaction,

each qualified business firm requesting the credits . Complete

(including guidance systems to control traffic patterns that are

Form 301 and attach to Schedule CR to claim this credit .

designed to minimize soil disturbance) which may be attached

to equipment already owned . Any amount unused this year

For qualification forms and additional information,

may be carried over to the next five taxable years .

contact: Virginia Department of Housing and Community

Development, Office of Community Revitalization &

Attach a statement to your return showing purchase date,

Development, Main Street Centre, 600 East Main Street,

description and credit computation when claiming this credit .

Suite 300, Richmond, VA 23219, or call 804-371-7121 .

Precision Fertilizer and Pesticide Application

Neighborhood Assistance Act Tax Credit

Equipment Credit

The Virginia Neighborhood Assistance Act provides tax

The Precision Fertilizer and Pesticide Application Equipment

credits to businesses that donate money, property, limited

Credit is 25% of all expenditures for equipment certified by the

professional services and contracting services directly to pre-

Virginia Soil and Water Conservation Board as providing more

approved Neighborhood Assistance Program organizations

precise pesticide and fertilizer application, or $3,750, whichever

whose primary function is to benefit low income families,

is less . Qualifying individuals must be engaged in agricultural

including but not limited to scholarships for K through 12

production for market and have in place a nutrient management

students attending nonpublic schools . Individuals may receive

plan approved by the local Soil and Water Conservation

a credit for a donation of cash or marketable securities to

District . Any unused credit may be carried forward for the next

an eligible organization . Licensed veterinarians, physicians,

five taxable years .

dentists, nurses, nurse practitioners, physician assistants,

Rent Reduction Program Credit

chiropractors, optometrists, dental hygienists, pharmacists,

This credit expired December 31, 2010 . Only carryover

professional counselors, clinical social workers, clinical

credits from prior years are allowed . For additional information,

psychologists, marriage and family therapists, and physical

contact: Brenda Hawkins, Virginia Housing Development

therapists who donate their services for an approved clinic

Authority, 601 S. Belvidere Street, Richmond, VA 23220-

may also be eligible for credits . Excess donor credit, if

6504 or call 804-343-5763 .

applicable, may be carried forward for the next five taxable

years . The amount of credit attributable to a partnership or S

Clean-Fuel Vehicle and Vehicle Emissions Testing

corporation shall be allocated to the partners and shareholders

Equipment Credits

in proportion to their ownership or interest in the partnership or

An income tax credit may be claimed for purchases of

S corporation . For a list of approved organizations or additional

vehicle emissions testing equipment and clean-fuel vehicles

information, contact the Virginia Department of Social Services,

made while you were a Virginia resident .

Neighborhood Assistance Program, 801 E . Main Street,

Richmond, VA 23219-3301 or the Virginia Department of

The Clean-Fuel Vehicle Credit is equal to 10% of the deduction

Education, P .O . Box 2120, Richmond, VA 23218-2120, Division

allowed under Internal Revenue Code § 179A for purchases

of Finance and Operations, Attn: Neighborhood Assistance Tax

of clean-fuel vehicles principally garaged in Virginia or certain

Credit Program for Education .

refueling property placed in service in Virginia or 10% of the

costs used to compute the credit under Internal Revenue Code

Recyclable Materials Processing Equipment Credit

§ 30 . The Vehicle Emissions Testing Equipment Credit is 20%

For taxable years beginning on or after January 1, 2008, and

of the purchase or lease price paid during the taxable year

before January 1, 2015, an income tax credit may be claimed

for equipment certified by the Department of Environmental

for purchases made during the taxable year for machinery

Quality (DEQ) for vehicle emissions testing within a locality that

and equipment used exclusively in or on the premises of

is required by law to implement an enhanced vehicle emissions

manufacturing facilities or plant units which manufacture,

inspection program or, after January 1, 1998, within any locality

process, compound or produce items of tangible personal

adjacent to those localities required to implement the program .

property from recyclable materials within the Commonwealth

Clean Fuel Vehicle Credit - You are not required to submit

for sale . For the purposes of determining “purchase price paid,”

a specific form as part of your tax return to document the

the taxpayer may use the original total capitalized cost of such

purchase of a clean-fuel vehicle . However, you should retain

machinery and equipment, less capitalized interest . The credit

documentation to support your claim for the tax credit as an

is 10% of such expenditures and cannot exceed 40% of the

audit may be conducted to verify any credit claimed under

taxpayer’s Virginia income tax liability for the year, computed

these provisions .

prior to computing the credit . Any amount unused this year

may be carried forward for the next ten taxable years .

Vehicle Emissions Testing Equipment Credit - Attach a

copy of the letter from DEQ to the equipment vendor certifying

The Virginia Department of Environmental Quality (DEQ)

that the equipment configuration meets the regulation and

administers the certification of all recycling machinery and

equipment specification requirements for use in the enhanced

equipment . To claim this credit, you must have received pre-

vehicle emissions inspection program . For a copy of this

approval from DEQ certifying the equipment . Attach your

letter, contact your equipment vendor or the DEQ Northern

certified DEQ Form 50-11S along with purchase receipts and

Virginia Regional Office in Woodbridge at 703-583-3900.

invoices for the equipment purchase to the income tax return

You are not required to submit a specific form for the

in order to receive the credit . For additional information on

Vehicle Emissions Testing Equipment Credit.

how to qualify for certification, contact the Department of

Environmental Quality, Equipment Certification Officer,

Major Business Facility Job Tax Credit

P.O. Box 1105, Richmond, VA 23218 or call 804-698-4145.

Individuals, estates, trusts, corporations, banks, insurance

Conservation Tillage Equipment Credit

companies and telecommunications companies may claim a

Virginia tax credit if the taxpayer creates at least 50 new full-

This credit may be claimed by an individual purchasing

time jobs in connection with the establishment or expansion

and using conservation tillage equipment for the purpose of

of a major business facility, and the company is engaged in

agricultural production . The tax credit is 25% of conservation

a qualifying industry in Virginia . If a taxpayer is located in an

tillage equipment expenditures made, or $4,000, whichever

enterprise zone or in an economically distressed area (as

is less . The term conservation tillage equipment means no-

Virginia Schedule Cr Instructions - For Use With Forms 760, 760py, 763 And 765 General Information - 2012 Page 2

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