Schedule Mptac-1 - Manufacturing Property Tax Adjustment Credit Page 2
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1
2WV/MPTAC-1
WEST VIRGINIA STATE TAX DEPARTMENT
Rev. 03/2010
SCHEDULE MPTAC-1
Manufacturing Property Tax Adjustment Credit
BUSINESS NAME
IDENTIFICATION NUMBER
TAX PERIOD
TO
MM
YYYY
DD
MM
DD
YYYY
Ad Valorem Property Tax on manufacturing inventory paid to West Virginia Counties during the taxable year: Each tax payment (e.g., full-year,
first-half, second-half) made during the Corporation Net Income Tax / Business Franchise Tax taxable year (not the Property Tax taxable year)
must be listed separately. Also, information from each individual Property Tax statement included in a single payment must be listed separately.
(Attach additional pages, if necessary)
Tax Payment No. ____
Tax Payment No. ____
Tax Payment No. ____
1.
Name of business/affiliate paying
West Virginia Property Tax on
manufacturing inventory:
2.
West Virginia County to which tax
was paid:
3.
West Virginia Municipality in which
inventory is located, if applicable:
4.
Property Tax Year:
5.
Property Tax Ticket Number:
6.
Value of Raw Materials*:
7.
Value of Goods in Process*:
8.
Value of Finished Goods*:
9.
Sub-total (Add the amounts on
lines 6, 7, and 8):
10.
Value of FreePort Exemption*
11.
Value of Manufacturing Inventory
(Amount on Line 9 less the amount
on Line 10):
12.
Property Tax Manufacturing Inventory
Assessment Factor of 60% (decimal
x .60
x .60
x .60
equivalent = 0.60):
13.
Manufacturing Inventory Assessment
(Amount on Line 11 times the
Assessment Factor on Line 12):
14.
Property Tax Rate (Cents per $100):
15.
Full-Year Manufacturing Inventory Tax
(If the value of Line 14 is greater than or equal to 10, divide the amount on Line 13 by 100 and then multipy that quantity by the amount
on Line 14 divided by 100. Otherwise, if the value on Line 14 is less than 10, divide the amount on Line 13 by 100 and then multipy
that quantity by the amount on Line 14.)
16.
If full-year tax was paid during the tax year,
enter 1.0; if one-half-year tax was paid,
enter 0.5; otherwise enter 0.0:
17.
Manufacturing Inventory Tax Paid
(Amount on Line 15 multiplied by the
value from line 16):
18.
Total Manufacturing Inventory Tax Paid, as reported on this page (sum of the values on Line 17)
*As reported on Industrial Business Property Return (Form STC 12:32I)
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