Form Wv/bcs-1 - West Virginia Business Investment And Jobs Expansion Tax Credit Or Corporate Headquarters Relocation Credit Page 21

Download a blank fillable Form Wv/bcs-1 - West Virginia Business Investment And Jobs Expansion Tax Credit Or Corporate Headquarters Relocation Credit in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form Wv/bcs-1 - West Virginia Business Investment And Jobs Expansion Tax Credit Or Corporate Headquarters Relocation Credit with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

P A R T

I V

Name ____________________________________________

Identification Number ______________________________ Taxable year beginning ______________________, Ending _____________________

TAX CREDIT COMPUTATION SCHEDULE

Type

(1)

(2)

(3)

(4)

(5)

(6)

(7)

(8)

(9)

(10)

(11)

(12)

(13)

Liability

Payroll

Tax

Tax Subject

Amount of

Tax Subject

Amount of

Col. 5 + Col.7

Deferred Credit

Col. 8 - Col. 9

Tax Eligible

Free-up

Total

Tax

Factor

Attributable

To Credit

Credit Applied

To Rebate

Rebate Applied

(Col. 8 x 20%)

for Free-up

Credit

Credits

To Investment

(Col. 3 - Col.4)

Credit

Applied

(Col. 10 + Col.

(Col. 3 - Col.

12)

10)

(a)

Business &

.80

Occupation

Tax

(b)

Severance

.80

Tax

(c)

Tele-

.80

communicati

Tax

(d)

Business

.80

Franchise

Tax

(e) (1)

Corporation

* *

.80

Net Income

Tax

(2)

.80

Apportioned

(3)

1.00

Allocated

(f)

Personal

Income

.80

Tax on Net

Income From

Business

Activity

(g)

Total

* Credit against Severance Tax may only be claimed if the qualified investment was placed into service or use prior to January 1, 1990 or if the taxpayer qualified under one of the transition rules of W. Va. Code § 11-13C-14 and filed a WV/BCS-SEV on or before July

2, 1990. ** If you are claiming Business Investment and Jobs Expansion Credit, enter your total Corporation Net Income Tax liability on Line (e) 1. Make no entries on Lines (e) 2 and 3 . If you are claiming Corporate Headquarters Relocation Credit only,

enter your Corporation Net Income Tax liability on apportioned income on Line (e) 2 and on allocated income on Line (e) 3, and make no entries on Line (e)1 . (NOTE: This allocation and apportionment of income is required even if the corporation is taxable only

in this State).