Schedule R & D - West Virginia Credit For Research And Development Projects Page 7
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7g)
Research and Development Credit Offset ................................................................................................ $
13. a)
Total Business Franchise Tax ................................................................................................................... $
b)
Amount of Other Credits Claimed ............................................................................................................. $
c)
Net Limit (13a - 13b) .................................................................................................................................. $
d)
Credit Limit (50% of 13a) ........................................................................................................................... $
e)
Amount of Other § 11-13D Credits Claimed ............................................................................................. $
f)
Net § 11-13D Limit (13d - 13e) .................................................................................................................. $
g)
Research and Development Credit Offset ................................................................................................ $
14. a)
Total Corporation Net Income Tax ............................................................................................................. $
b)
Amount of Other Credits Claimed ............................................................................................................. $
c)
Net Limit (14a - 14b) .................................................................................................................................. $
d)
Credit Limit (50% of 14a) ........................................................................................................................... $
e)
Research and Development Credit Offset ................................................................................................ $
15. Total Credit Claimed (Lines 11g+12g+13g+14e) ............................................................................................ $
Note that the sum of credit claimed on Lines 11g, 12g, 13g, and 14e may not exceed 50% of the sum of the liabilities reported
on lines 11a, 12a, 13a, and 14a. This 50% limit also applies to the sum of all tax credits claimed under 11-13D of the West
Virginia Code (i.e., Industrial Expansion or Revitalization Credit, Residential Housing Development Credit). Unused annual
credit is forfeited.
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