Form Wrc - Virginia Worker Retraining Tax Credit Application Page 5
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5Retraining means an upgrade in training for existing employees,
WHEN AND WHERE TO FILE FORM WRC
which is identified as essential to the production or distribution of
File Form WRC no later than April 1 in order for the qualification
a product, rendering services or retraining provided through an
process to be completed. Forms received after that date may not
apprenticeship agreement approved by the Virginia Apprenticeship
be processed and credit may not be approved.
Council.
If applying for the Worker Retraining Tax Credit based on the
Standard Fringe Benefits means the benefits that a particular
noncredit course alone or on both the noncredit course and
employer offers to its full-time employees.
an apprenticeship program, file Form WRC with all required
STEM or STEAM discipline means a science, technology,
attachments (listed below) to:
engineering, mathematics, or applied mathematics related
Worker Retraining Tax Credit Application
discipline as determined by the Department of Business Assistance
Virginia Department of Business Assistance
in consultation with the Superintendent of Public Instruction. The
P. O. Box 446
term also includes a health-care related discipline.
Richmond, Virginia 23218-0446
Training Costs means instruction, instructional materials, facilities
If applying for the Worker Retraining Tax Credit based only on
fees and other costs determined to be necessary to the delivery
the apprenticeship program, file Form WRC with all required
of the training. Trainee wages and curriculum development costs
attachments (listed below) to:
are not covered.
Tax Credit Unit
INSTRUCTIONS FOR COMPLETING FORM WRC
Virginia Department of Taxation
When completing Form WRC, remember that claiming the credit
P. O. Box 715
is a multi-step process. Complete Form WRC and the required
Richmond, Virginia 23218-0715
schedules using the definitions listed earlier in these instructions. To
WHAT TO ATTACH TO FORM WRC
assist you in completing Schedules 1 and 2 correctly, review these
If Schedule 1 of Form WRC was completed, attach a copy of the
definitions: Eligible worker retraining, qualified employee, noncredit
documentation used in completing Schedule 1, including enrollment
courses, retraining, standard fringe benefits and training costs.
forms from the school/college showing the courses taken and
Part I - Description of Business Activities
payment by the employer.
Enter the principal activity of the business.
If Schedule 2 of Form WRC was completed, attach a signed copy of
the Apprenticeship Action Form, Apprenticeship Related Instruction
Part II - Credit Based on Noncredit Courses From a Community
Enrollment Form, and proof of payment by employer.
College or Private School
Credit will be granted for retraining through noncredit courses
PASS-THROUGH ENTITIES
approved by the Virginia Department of Business Assistance.
The Virginia Department of Taxation will issue a credit certification
Complete Schedule 1 (Form WRC). If additional space is needed,
letter specifying the amount of credit authorized to each partnership,
attach a separate page. Complete a separate Schedule 1 for each
S corporation or limited liability company qualifying to claim a
course for which the credits are requested. Enter the total number
portion of this credit.
of courses and total credit requested for training costs for approved
Each pass-through entity must File Form PTE with the Department
courses in the space provided in Part II of the Form WRC.
of Taxation within 30 days after the credit is granted. This
information should be sent to: Department of Taxation, ATTN:
Part III - Credit Based on Apprenticeship Programs
Tax Credit Unit, P.O. Box 715, Richmond, VA 23218-0715 or
Credit will be granted for apprenticeship programs (approved by
you may fax it to 804-786-2800.
the Virginia Apprenticeship Council through the Virginia Department
of Labor and Industry) which meet the qualifications for this credit.
All pass-through entities distributing this credit to their owner(s),
See the definitions provided earlier in these instructions, before
shareholders, partners or members must give each a Schedule VK-
1, Owner’s Share of Income And Virginia Modifications And Credits.
completing this section.
Complete Schedule 2 (Form WRC).
WHERE TO GET HELP
• If you have more than one school, then use a separate
Write to the Virginia Department of Taxation, Tax Credit
Schedule 2 for each school.
Unit, P.O. Box 715, Richmond, VA 23218-0715 or call
804-786-2992. To order forms, call 804-440-2541. Visit
• Enter the student names in alphabetical order.
for most Virginia tax forms and additional
• If including additional summary worksheets, submit one
tax information. Forms are also available from the office of your
worksheet for each school and complete all fields as listed on
local Commissioner of the Revenue, Director of Finance or Director
Schedule 2 (list student names in alphabetical order, school
of Tax Administration.
name, course name, etc.).
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• Organize each school in a separate folder with Form WRC,
Virginia Tax Bulletin 99-4, dated April 5, 1999, provides additional
Schedule 2, invoices, Labor Department Apprenticeship Form
information on the Worker Retraining Tax Credit and how the
and copies of E-checks or cancelled checks.
credit applies. To obtain this bulletin, see the Where To Get Help
See the definitions listed in these instructions before completing
section above.
Schedule 2 to ensure that the training costs and employees listed
qualify for the credit.
Page 5
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