Form Srdtc-1 - Strategic Research And Development Tax Credit
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6SRDTC-1
Strategic Research and Development Tax Credit
REV 09-12
NOTE: This schedule is for qualified investment items placed into service for
periods after December 31, 2002.
Identification
Business
Name
Number
Tax Period
to
COMPUTATION OF ELIGIBLE INVESTMENT
▲ Research and Development companies complete all lines.
▲ Owners allocated Strategic Research and Development Tax Credit, complete lines 13 through 26.
C
1
C
2
C
3
olumn
olumn
olumn
Allowable Cost
Net Cost
Eligible Investment
Percentage
33 ⅓%
1. Property with useful life of less than 4 years....................
$
$
66 ⅔%
2. Property with useful life of 4 years but less than 6...........
$
$
100%
3. Property with useful life of 6 years or more......................
$
$
100%
4. In-house research expenses............................................
$
$
65%
5. Outside contract research expense.................................
$
$
6. Total eligible investment.................................................................................................................................................................
$
If you conducted research and development in West Virginia during prior years, go to Line 7a, otherwise skip to line 1.
7a. Preceding Year R & D investment and expenses.............................................................................................................................
$
7b. Second preceding Year R & D investment and expenses.................................................................................................................
$
7c. Third preceding Year R & D investment and expenses.....................................................................................................................
$
8. Total R & D investment and expenses – Three preceding years (add the amounts on lines 7a, 7b, and 7c)...................................
$
9. Average R & D investment and expenses – Three preceding years (divide amount on line 8 by 3, or enter $0 if you skipped line 7 & 8)
0.00
$
10. Excess total eligible investment (line 6 amount less line 9 amount [cannot be less than $0])........................................................
$
11. Allowable excess total eligible investment (Multiply line 10 amount by 10%)..................................................................................
$
12. Allowable annual total eligible investment (Multiply line 6 amount by 3%)......................................................................................
$
13. Amount of current year credit Allowed (R & D companies enter the greater of line 11 or line 12; owners enter current year credit
allocated from an R & D company)..................................................................................................................................................
$
14. Enter available unused credit from prior years...................................................................................................................................
$
15. Total Credit (Add lines 13 and 14).....................................................................................................................................................
$
16. Total Business Franchise Tax............................................................................................................................................................
$
17. Enter amount of credit claimed against Business Franchise Tax......................................................................................................
$
18. Total Corporation Net Income Tax.....................................................................................................................................................
$
19. Enter amount of credit Claimed against Corporation Net Income Tax.............................................................................................
$
20. Total Qualified Personal Income Tax.................................................................................................................................................
$
Continued on the next page…
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