Form Bru - Virginia Application For Barge And Rail Usage Tax Credit
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1
2
3Application for Barge and
VIRGINIA
Tax Year
Form BRU
Rail Usage Tax Credit
___________
Submit this form by April 1.
This credit must be approved before being claimed on your return.
See instructions for details.
Your shipments must be validated by the Virginia Port Authority (VPA) before filing this form.
Name
FEIN
Trading As
Contact Name
Street Address
Office Use Only
City, State, ZIP Code
Phone Number
FAX Number
Email
Entity Type: (Check One)
Sole Proprietor
C Corporation
S Corporation
Fiduciary
Partnership
LLC
Other
The barge and rail usage tax credit is an income tax credit for the usage of barge and rail to move cargo containers throughout the
Commonwealth rather than trucks or other motor vehicles on the Commonwealth’s highways. To qualify for this credit, an international
trade facility must have an ownership interest in the cargo and control the choice of transportation. The amount of the credit is
$25 per 20-foot equivalent unit (TEU) moved by barge or rail.
To receive this credit, an international trade facility is required to apply to the Department of Taxation. No more than $1.5 million in tax
credits can be issued in any fiscal year. The Department will determine the allowable credit amount for the taxable year and provide a
written certification of the credit amount to each taxpayer. Taxpayers can claim this credit against the individual income tax, the corporate
income tax, the tax on estates and trusts, the bank franchise tax, the insurance premiums tax, and the tax on public service corporations.
1. Do you have an ownership interest in the cargo AND control the choice of transportation for the containers listed on Line 2?
Yes
OR
No, these containers do not qualify
Barge
Rail
Combined
Total
2. Number of TEUs moved by barge or rail rather than by truck or other motor vehicle on
Virginia’s highways during the taxable year for which you are applying for the credit (attach
validation summary from VPA).
3. Number of TEUs moved by barge or rail rather than by truck or other motor vehicle on
Virginia’s highways during the taxable year prior to the year for which you are applying for
the credit (attach validation summary from VPA).
4. Subtract Combined Total of Line 4 from Combined Total of Line 3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Amount of credit requested. Multiply Line 5 by $25 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
.00
Declaration
I (we) the undersigned declare, under the penalties provided by law, that this form (including any accompanying schedules, statements,
and attachments) has been examined by me (us) and is, to the best of my (our) knowledge and belief, a true, correct, and complete application, made in
good faith pursuant to the income tax laws of the Commonwealth of Virginia.
Authorized Signature
Title
Date
Printed Name
Phone Number
E-mail Address
FAX Number
File Form BRU no later than April 1 for credits earned the preceding year.
Rev 09/11 3101070
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