Form 301 - Virginia Enterprise Zone Credit Individual Tax

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20 __

*VAI301113888*

VIRGINIA

ENTERPRISE ZONE CREDIT

Qualification year

Form 301

INDIVIDUAL TAX

1st year

6th year

Attach this form to your return

2nd year

7th year

INDIVIDUAL TAX

3rd year

8th year

4th year

9th year

Name(s) as shown on return or form

5th year

10th year

Social Security Number/FEIN

Zone Location Code

(1) Total tax due . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1)

(2) Qualified business firm income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2)

(3) Percentage of business done within the enterprise zone . . . . . . . . . . . . . . . . . . . . (3)

(4) Income attributable to enterprise zone activity (Line 2 multiplied by Line 3) . . . . . . (4)

Total

Zone

(5) Percentage of enterprise zone income to total income . . . . . (5)

(6) Tax attributable to enterprise zone activity (Line 1 multiplied by the percentage on Line 5) . . . . . . . . . . . (6)

FOR BUSINESSES QUALIFYING PRIOR TO JULY 1, 1995

General Tax Credit:

(7) Applicable percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7)

(8) General tax credit (Line 6 multiplied by the percentage on Line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (8)

Unemployment Tax Credit:

(9) Current year unemployment tax credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9)

(10) Carryover unemployment tax credit from prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (10)

(11) Total unemployment tax credit available this year (add Line 9 and Line 10) . . . . . . . . . . . . . . . . . . . . . . (11)

(12) Tax attributable to enterprise zone activity, less any general tax credit (Line 6 less Line 8) . . . . . . . . . . (12)

(13) Credit used this year (lesser of Line 11 or Line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (13)

(14) Credit carryover to subsequent year (subtract Line 13 from Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . (14)

FOR BUSINESSES QUALIFYING ON OR AFTER JULY 1, 1995

General Tax Credit:

(15) Applicable percentage (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (15)

(16) Available credit (Line 6 multiplied by the percentage on Line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (16)

(17) Credit authorized by the Department of Housing and Community Development . . . . . . . . . . . . . . . . . . (17)

(18) General tax credit (enter the lesser of Line 16 or Line 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (18)

Space Reserved for Future Use

(19)

(20)

(21)

(22)

(23)

(24)

Zone Investment Tax Credit:

(25) Zone investment tax credit negotiated with the Department of Housing and Community Development . . . . (25)

(26) Zone investment tax credit used in prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (26)

(27) Total zone investment tax credit available this year (subtract Line 26 from Line 25) . . . . . . . . . . . . . . . . (27)

(28) Credit authorized by the Department of Housing and Community Development . . . . . . . . . . . . . . . . . . (28)

(29) Lesser of Line 27 or Line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (29)

(30) Credit used this year (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (30)

(31) Credit carryover to subsequent year (subtract Line 30 from Line 27) . . . . . . . . . . . . . . . . . . . . . . . . . . . (31)

Total Enterprise Zone Credit:

(32) Enter the total of all applicable Enterprise Zone Credits for this year (add Lines 8, 13, 18 and 30) . . . . (32)

VA DEPT OF TAXATION 2614145

REV 09/13