Virginia Schedule Cr - Credit Computation Schedule - 2015 Page 2

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2015 Schedule CR
*VASCCR215888*
Page 2
Social Security Number
Name(s) as shown on Virginia return
-
-
PART 7 - RENT REDUCTION PROGRAM CREDIT
EXPIRED - December 31, 2010.
A
........................ A __________________
B
Carryover credit from prior year(s). .......................................................... B __________________
C
Add Lines A and B. ...................................................................................C __________________
00
D
Credit allowable this year: Line C or balance of maximum credit
,
,
.
7D
available, whichever is less. .......................................................................................................
E
Carryover credit to next year: Line C less Line 7D (applicable only if
within 5-year carryover period). ................................................................ E __________________
*
PART 8 - CLEAN-FUEL VEHICLE AND VEHICLE EMISSIONS TESTING EQUIPMENT CREDITS
Clean-Fuel Vehicle and Qualified Electric Vehicle Credit
A
Qualifying Electric Vehicle - Enter 10% of the cost used to
compute the credit under IRC § 30 for qualified electric vehicles............. A __________________
B
Carryover credit from prior year(s) (enclose computation). ...................... B __________________
C
Add Lines A and B. ...................................................................................C __________________
00
D
Credit allowable this year: Line C or balance of maximum credit
,
,
.
8D
available, whichever is less. .......................................................................................................
E
Carryover credit to next year: Line C less Line 8D (applicable only if
within 5-year carryover period). ................................................................ E __________________
Vehicle Emissions Testing Equipment Credit
F
Enter 20% of the purchase or lease price paid during the year for
qualified vehicle emissions testing equipment.......................................... F __________________
G
Carryover credit from prior year(s) (enclose computation). ......................G __________________
H
Add Lines F and G. ...................................................................................H __________________
00
I
Credit allowable this year: Line H or balance of maximum credit
,
,
.
8I
available, whichever is less. .........................................................................................................
J
Carryover credit to next year: Line H less Line 8I (applicable only
if within 5-year carryover period). ..............................................................J __________________
PART 9 - MAJOR BUSINESS FACILITY JOB TAX CREDIT
A
Current credit amount authorized by the Department of Taxation
(include all expansions). ........................................................................... A __________________
B
Carryover credit from prior years (include all expansions). ...................... B __________________
C
Add Lines A and B. ...................................................................................C __________________
D
Credit allowable this year: Line C or the balance of the maximum
00
,
,
.
9D
credit available, whichever is less. .............................................................................................
E
Carryover credit to next year: Line C less Line 9D
(applicable only if within 10-year carryover period). ................................. E __________________
*
PART 10 - FOREIGN SOURCE RETIREMENT INCOME TAX CREDIT
A
Qualifying taxable income on which the tax in the foreign
country is based (See instructions). ......................................................... A __________________
B
Virginia taxable income (See instructions). .............................................. B __________________
C
Qualifying tax paid to the foreign country.
Enter name of country:___________________________________. ......C __________________
D
Virginia income tax (See instructions). .....................................................D __________________
E
Income percentage. Divide Line A by Line B. Compute to one decimal
place, not to exceed 100%. For example, 0.3163 becomes 31.6%. ........ E __________________
F
Multiply Line D by Line E. ......................................................................... F __________________
00
G
Credit allowable this year: Enter the lesser of Line C or Line F,
,
,
.
10G
not to exceed the balance of maximum credit available. .........................................................
PART 11 - HISTORIC REHABILITATION TAX CREDIT
A
Enter the amount of eligible expenses. .................................................... A __________________
B
Multiply the amount on Line A by 25%...................................................... B __________________
C
Carryover credit from prior year(s). ..........................................................C __________________
D
Add Lines B and C. ...................................................................................D __________________
E
Credit allowable this year: Enter the amount from Line D or the
00
,
,
.
11E
balance of maximum credit available, whichever is less. ........................................................
F
Carryover credit to next year: Line D less
Line 11E. (applicable only within 10-year carryover period). .................... F __________________

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