Form Wv/bcs-1 - West Virginia Business Investment And Jobs Expansion Tax Credit Or Corporate Headquarters Relocation Credit Page 19
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30Taxable year beginning ______________________, Ending _______________________
NAME
IDENTIFICATION NUMBER
PART II - CALCULATION OF CREDITS
Section 1. CALCULATION OF BUSINESS INVESTMENT AND JOBS EXPANSION TAX CREDIT OR CORPORATE
HEADQUARTERS RELOCATION CREDIT FOR WHICH THE COST IS QUANTIFIABLE
1.
Total qualified investment [From Part I, Section 5, line (e)] ...............................
2.
New jobs percentage (see table below) ................................................................
3.
Total allowable credit (line 1 x line 2) ...................................................................
.10
4.
Taxable year percentage ........................................................................................
5.
Credit allowance(s) for taxable year (line 3 x line 4) ...........................................
Section 2. CALCULATION OF BUSINESS INVESTMENT AND JOBS EXPANSION TAX CREDIT
FOR QUALIFIED INVESTMENTS FOR WHICH THE COST IS NOT QUANTIFIABLE
1.
Total qualified investment [From Part I, Section 6, line (d), column (3)] ...........
2.
New jobs percentage (see table below) ................................................................
3.
Total allowable credit (line 1 x line 2) ...................................................................
.10
4.
Taxable year percentage ........................................................................................
5.
Credit allowance(s) for taxable year (line 3 x line 4) ...........................................
6.
Annual credit allowance for such qualified investments prior year(s) ..............
7.
Credit allowance this taxable year (line 5 plus line 6) .........................................
NOTE: The ten year period begins with the taxable year in which the qualified investment property is placed in service or use,
or, at the taxpayer's election, the next succeeding taxable year. An election to defer applies to all credit attributable to
qualified investment placed into service during the first year only. For the Corporate Headquarters Relocation Credit
or regular or project Business Investment and Jobs Expansion Credit, this election must be made either on the West
Virginia income tax return filed for the taxable year in which credit is first taken and if applicable, on Schedule BCS-A
(Application for Business Investment and Jobs Expansion Credit for Investments Placed into Service or Use on or after
January 1, 1990).
NEW JOBS PERCENTAGE TABLE
NUMBER OF NEW JOBS
NEW JOBS PERCENTAGE
15 to 49 (Corporate Headquarters relocation only)
10%
50 to 279
50%
280 to 519
60%
520 to 759
70%
760 to 999
80%
1000 or more
90%
3
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Parent category: Financial