Schedule R & D - West Virginia Credit For Research And Development Projects Page 5
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7Line 11g.
Enter the lesser of the amount shown on Line 10, or the amount shown on Line 11c, or the amount shown on Line 11f.
This represents the maximum Research and Development Projects Credit available against your Business and
Occupation Tax liability.
Line 12a.
Enter your total amount of pre-credit Severance Tax liability.
Line 12b.
Enter sum of Business Investment and Jobs Expansion Credit (Super Credit), Industrial Expansion or Revitalization
Credit, Residential Housing Development Project Credit and Coal Loading Facilities Credit, if any, applied against your
Severance Tax liability.
Line 12c.
Subtract amount on Line 12b from amount on Line 12a.
Line 12d.
Enter 50% of Line 12a.
Line 12e.
Enter sum of Industrial Expansion and Revitalization Credit and Residential Housing Development Credit, if any, applied
against your Severance Tax liability.
Line 12f.
Subtract amount of Line 12e from amount of Line 12d.
Line 12g.
Enter the lesser of the amount shown on Line 10, or the amount shown on Line 12c, or the amount shown on Line 12f.
This represents the maximum Research and Development Projects Credit available against your Severance Tax
liability.
Line 13a.
Enter your total amount of Business Franchise Tax remaining after deductions for the Subsidiary Credit, Business and
Occupation Credit and Bank Shares Credit.
Line 13b.
Enter sum of Business Investment and Jobs Expansion Credit (Super Credit), Industrial Expansion and Revitalization
Credit, Residential Housing Development Project Credit and Coal Loading Facilities Credit, if any, applied against your
Business Franchise Tax liability.
Line 13c.
Subtract amount on Line 13b from amount on Line 13a.
Line 13d.
Enter 50% of Line 13a.
Line 13e.
Enter sum of Industrial Expansion and Revitalization Credit and Residential Housing Development Credit, if any, applied
against your Business Franchise Tax liability.
Line 13f.
Subtract amount on Line 13e from amount on Line 13d.
Line 13g.
Enter the lesser of the amount shown on Line 10, or the amount shown on Line 13c, or the amount shown on Line 13f.
This represents the maximum Research and Development Projects Credit available against your Business Franchise
Tax liability.
Line 14a.
Enter your total amount of pre-credit Corporation Net Income Tax liability.
Line 14b.
Enter sum of Business Investment and Jobs Expansion Credit (Super Credit), Veterans Employment Credit and Historic
Rehabilitated Buildings Investment Credit, if any, applied against your Corporation Net Income tax liability.
Line 14c.
Subtract amount on Line 14b from amount on Line 14a.
Line 14d.
Enter 50% of Line 14a.
Line 14e.
Enter the lesser of the amount shown on Line 10, or the amount shown on Line 14c, or the amount shown on Line 14d.
This represents the maximum Research and Development Projects Credit available against your Corporation Net
Income Tax liability.
Line 15.
Enter the sum of credit claimed on lines 11g, 12g, 13g, and 14e.
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