Form Wrc - 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 VEDP in consultation with the
Virginia Jobs Investment Program
Superintendent of Public Instruction. The term also includes a
Virginia Economic Development Partnership
health-care related discipline.
901 East Byrd Street
Training Costs means instruction, instructional materials, facilities
Richmond, VA 23219
fees and other costs determined to be necessary to the delivery
If applying for the Worker Retraining Tax Credit based only on
of the training. Trainee wages and curriculum development costs
the apprenticeship program, file Form WRC with all required
are not covered.
attachments (listed below) to:
INSTRUCTIONS FOR COMPLETING FORM WRC
Tax Credit Unit
When completing Form WRC, remember that claiming the credit
Virginia Department of Taxation
is a multi-step process. Complete Form WRC and the required
P. O. Box 715
schedules using the definitions listed earlier in these instructions. To
Richmond, Virginia 23218-0715
assist you in completing Schedules 1 and 2 correctly, review these
WHAT TO ATTACH TO FORM WRC
definitions: Eligible worker retraining, qualified employee, noncredit
If Schedule 1 of Form WRC was completed, attach a copy of the
courses, retraining, standard fringe benefits and training costs.
documentation used in completing Schedule 1, including enrollment
Part I - Description of Business Activities
forms from the school/college showing the courses taken and
Enter the principal activity of the business.
payment by the employer.
If Schedule 2 of Form WRC was completed, attach a signed copy of
Part II - Credit Based on Noncredit Courses From a Community
the Apprenticeship Action Form, Apprenticeship Related Instruction
College or Private School
Enrollment Form, and proof of payment by employer.
Credit will be granted for retraining through noncredit courses
approved by the VEDP.
PASS-THROUGH ENTITIES
Complete Schedule 1 (Form WRC). If additional space is needed,
The Virginia Department of Taxation will issue a credit certification
attach a separate page. Complete a separate Schedule 1 for each
letter specifying the amount of credit authorized to each partnership,
course for which the credits are requested. Enter the total number
S-corporation or limited liability company qualifying to claim a
of courses and total credit requested for training costs for approved
portion of this credit.
courses in the space provided in Part II of the Form WRC.
Each pass-through entity must File Form PTE with the Department
of Taxation within 30 days after the credit is granted. This
Part III - Credit Based on Apprenticeship Programs
information should be sent to: Department of Taxation, ATTN:
Credit will be granted for apprenticeship programs (approved by
Tax Credit Unit, P.O. Box 715, Richmond, VA 23218-0715 or
the Virginia Apprenticeship Council through the Virginia Department
you may fax it to 804-786-2800.
of Labor and Industry) which meet the qualifications for this credit.
See the definitions provided earlier in these instructions, before
All pass-through entities distributing this credit to their owner(s),
shareholders, partners or members must give each a Schedule VK-
completing this section.
1, Owner’s Share of Income And Virginia Modifications And Credits.
Complete Schedule 2 (Form WRC).
WHERE TO GET HELP
• If you have more than one school, then use a separate
Schedule 2 for each school.
Write to the Virginia Department of Taxation, Tax Credit
Unit, P.O. Box 715, Richmond, VA 23218-0715 or call
• Enter the student names in alphabetical order.
804-786-2992. To order forms, call 804-367-8031. Visit
• If including additional summary worksheets, submit one
for most Virginia tax forms and additional
worksheet for each school and complete all fields as listed on
tax information. Forms are also available from the office of your
Schedule 2 (list student names in alphabetical order, school
local Commissioner of the Revenue, Director of Finance or Director
name, course name, etc.).
of Tax Administration.
• Organize each school in a separate folder with Form WRC,
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Schedule 2, invoices, Labor Department Apprenticeship Form
Virginia Tax Bulletin 99-4, dated April 5, 1999, provides additional
and copies of E-checks or cancelled checks.
information on the Worker Retraining Tax Credit and how the
See the definitions listed in these instructions before completing
credit applies. To obtain this bulletin, see the Where To Get Help
Schedule 2 to ensure that the training costs and employees listed
section above.
qualify for the credit.
Page 5
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