Schedule Mptac-1 - Manufacturing Property Tax Adjustment Credit

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WEST VIRGINIA STATE TAX DEPARTMENT
WV/MPTAC-1
Rev. 03/2010
SCHEDULE MPTAC-1
Manufacturing Property Tax Adjustment Credit
BUSINESS NAME
IDENTIFICATION NUMBER
TAX PERIOD
TO
MM
DD
YYYY
MM
DD
YYYY
In order to claim a Manufacturing Property Tax Adjustment Credit, the claimant must be a manufacturer that also paid Ad Valorem
Property Tax on manufacturing inventory to one or more West Virginia Counties during the taxable year.
Manufacturing Property Tax Adjustment Credit Calculation
1.
North American Industry Classification System (NAICS) Code and Description:
Code (Enter 6-digit NAICS Code number):
Description (Provide a narrative description of West Virginia manufacturing activities):
2.
Available Credit - Amount of West Virginia Ad Valorem Property Tax Paid on the Value
of Manufacturing Inventory During the Tax year(Enter the sum of the amounts on Line
18 of the attached Annual Schedule(s). Credit claims without completed Annual
Schedule(s) will be denied).
2. $
3. $
3.
Business Franchise Tax Liability
4.
Total of Other Tax Credits Applied Against the Business Franchise Tax
4. $
5. $
5.
Adjusted Business Franchise Tax Liability (Line 3 minus Line 4)
6.
Manufacturing Property Tax Adjustment Credit to be applied against Business Fran-
chise Tax Liability (Enter the smaller of : (a) the amount on Line 2; or (b) the amount
on Line 5. Also, enter this value on the Summary of Corporation Net Income Tax /
Business Franchise Tax Credits (Schedule/Form WV/CNF-120TC) or Summary of
Business Franchise Tax Credit (Schedule/Form WV/SPF-100TC)).
6. $
7.
Remaining Manufacturing Property Tax Adjustment Credit (Amount on Line 2 less the
amount on Line 6).
7. $
Corporation Net Income Tax Liability
8.
8. $
9. $
Total of Other Tax Credits Applied Against the Corporation Net Income Tax
9.
10. $
10.
Adjusted Corporation Net Income Tax Liability (Line 8 minus Line 9)
11.
Manufacturing Property Tax Adjustment Credit to be applied against Corporation Net
Income Tax Liability (Enter the smaller of: (a) the amount on Line 7; or (b) the amount
on Line 10. Also, enter this value on Summary of Corporation Net Income Tax /
Business Franchise Tax Credits (Schedule/Form WV/CNF-120TC) or Summary of
Business Franchise Tax Credit (Schedule/Form WV/SPF-100TC)).
11. $
Under penalties of perjury, I declare that I have examined this credit claim form (including accompanying schedules and statements) and to the best of
my knowledge it is true, and complete.
Signature of Taxpayer
Name of Taxpayer: Type or Print
Title
Date
Person to Contact Concerning this Return
Telephone Number
Signature of Preparer other than Taxpayer
Address
Title
Date

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