Schedule R & D - West Virginia Credit For Research And Development Projects Page 6
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7SCHEDULE R & D
(Rev. 03/05)
CREDIT FOR RESEARCH AND DEVELOPMENT PROJECTS
For Qualified Expenses Incurred on or Before December 31, 2002
NOTE: THIS SCHEDULE IS FOR QUALIFIED INVESTMENT ITEMS PLACED INTO SERVICE FOR PERIODS AFTER JUNE 30, 1985
Business Name:
Identification Number:
Period
To
COMPUTATION OF ELIGIBLE INVESTMENT
(Column 1)
(Column 2)
(Column 3)
Net Cost
Allowable Cost
Eligible
Percentage
Investment
1. Property with useful life of 4 years or more but less
than 6
$
$
33 1/3%
2. Property with useful life of 6 years or more but less
$
$
66 2/3%
than 8
3. Property with useful life of 8 years or more
$
$
100%
4. In-house research expenses
$
$
100%
5. Outside contract research expense
$
$
65%
6. Total eligible investment
$
7. Total Potential Research and Development Projects Credit (10% of Line 6) ................................................. $
8. Available Annual Research and Development Projects Credit (10% of Line 7) .............................................. $
9. Available Annual Research and Development Credit from prior years ........................................................... $
10. Total available Annual Research and Development Credit (Line 8 plus Line 9) ............................................ $
11. a)
Total Business and Occupation Tax ......................................................................................................... $
b)
Amount of Other Credits Claimed ............................................................................................................. $
c)
Net Limit (11a - 11b) .................................................................................................................................. $
d)
Credit Limit (50% of 11a) ........................................................................................................................... $
e)
Amount of Other § 11-13D Credits Claimed ............................................................................................. $
f)
Net § 11-13D Limit (11d - 11e) .................................................................................................................. $
g)
Research and Development Credit Offset ................................................................................................ $
12. a)
Total Severance Tax ................................................................................................................................... $
b)
Amount of Other Credits Claimed ............................................................................................................. $
c)
Net Limit (12a - 12b) .................................................................................................................................. $
d)
Credit Limit (50% of 12a) ........................................................................................................................... $
e)
Amount of Other § 11-13D Credits Claimed ............................................................................................. $
f)
Net § 11-13D Limit (12d - 12e) .................................................................................................................. $
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