Schedule Cr - Virginia Credit Computation - 2014
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2014
Virginia Schedule CR
CREDIT COMPUTATION SCHEDULE - See Page 8 and Schedule CR Instructions
for required attachments. Attach this to your return.
Your Social Security Number
Name(s) as shown on Virginia return
-
-
SECTION 1 - NONREFUNDABLE CREDITS
Whole Dollars Only
PART 1 - MAXIMUM SCHEDULE CR NONREFUNDABLE CREDITS
A
Enter the total tax computed on your return less the total of Spouse Tax Adjustment, Credit for
Low-Income Individuals or Virginia Earned Income Credit, Credit for Tax Paid to Another State,
,
,
and Credit for Political Contributions. The maximum nonrefundable credits allowable in
00
.
1A
Section 2, Line 1A of Schedule CR may not exceed this amount. .............................................
*
PART 2 - ENTERPRISE ZONE ACT CREDIT
,
,
00
.
2A
A
Credit allowable this year from Form 301 (attach Form 301). ................................................
PART 3 - NEIGHBORHOOD ASSISTANCE ACT CREDIT
A
Authorized amount of Neighborhood Assistance Act Credit. .................... A __________________
B
Carryover credit from prior year(s). .......................................................... B __________________
C
Add Lines A and B ...................................................................................C __________________
D
Credit allowable this year: Line C or balance of maximum credit
,
,
00
.
3D
available, whichever is less. ........................................................................................................
E
Carryover credit to next year: Line C less Line 3D (applicable only if
within 5-year carryover period). ................................................................ E __________________
*
PART 4 - RECYCLABLE MATERIALS PROCESSING EQUIPMENT CREDIT
A
Enter 10% of qualifying recyclable equipment cost. ................................. A __________________
B
Carryover credit from prior year(s) (attach computation). ......................... B __________________
C
Add Lines A and B. ...................................................................................C __________________
D
Enter 40% of tax per return. .....................................................................D __________________
E
Maximum Recyclable Materials Processing Equipment Credit.
Line C or Line D, whichever is less. ......................................................... E __________________
F
Credit allowable this year: Line E or balance of maximum credit
,
,
00
4F
.
available, whichever is less. ........................................................................................................
G
Carryover credit to next year: Line C less Line 4F (applicable only if
within 10-year carryover period). ..............................................................G __________________
*
PART 5 - CONSERVATION TILLAGE EQUIPMENT CREDIT
A
Enter 25% of qualifying property cost or $4,000, whichever is less. ........ A __________________
B
Carryover credit from prior year(s) (attach computation) . ........................ B __________________
C
Add Lines A and B. ...................................................................................C __________________
D
Credit allowable this year: Line C or balance of maximum credit
,
,
00
.
5D
available, whichever is less. ........................................................................................................
E
Carryover credit to next year: Line C less Line 5D (applicable only if
within 5-year carryover period). ................................................................ E __________________
*
PART 6 - PRECISION FERTILIZER AND PESTICIDE APPLICATION EQUIPMENT CREDIT
A
Enter 25% of current qualifying equipment cost or $3,750,
whichever is less. ................................................................................... A __________________
B
Carryover credit from prior year(s) (attach computation). ......................... B __________________
C
Add Lines A and B. ...................................................................................C __________________
D
Credit allowable this year: Line C or balance of maximum credit
,
,
00
.
6D
available, whichever is less. .......................................................................................................
E
Carryover credit to next year: Line C less Line 6D (applicable only if
within 5-year carryover period). ................................................................ E __________________
2601450 Rev. 07/14
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