Form Wrc - Virginia Worker Retraining Tax Credit Application (Page 5 of 5) in pdf

“Retraining” means an upgrade in training for existing

WhEN AND WhERE To FIlE FoRm WRC

employees, which is identified as essential to the production

File Form WRC no later than April 1 in order for the

or distribution of a product, rendering services or retraining

qualification process to be completed. Forms received

provided through an apprenticeship agreement approved

after that date may not be processed and credit may not

by the Virginia Apprenticeship Council.

be approved.

“Standard Fringe Benefits” means the benefits that a

If applying for the worker retraining credit based on the

particular employer offers to its full-time employees.

noncredit course alone or on both the noncredit course and

“Training Costs” means instruction, instructional materials,

an apprenticeship program, file Form WRC with all required

facilities fees and other costs determined to be necessary

attachments (listed below) to:

to the delivery of the training. Trainee wages and curriculum

Worker Retraining Tax Credit Application

development costs are not covered.

Virginia Department of Business Assistance

P. o. Box 446

INSTRUCTIoNS FoR ComPlETING FoRm WRC

Richmond, Virginia 23218-0446

When completing Form WRC, remember that claiming the

If applying for the worker retraining credit based only on the

credit is a multi-step process. Complete Form WRC and

apprenticeship program, file Form WRC with all required

the required schedules using the definitions listed earlier in

attachments (listed below) to:

these instructions. To assist you in completing Schedules

1 and 2 correctly, review these definitions: Eligible worker

Tax Credit Unit

retraining, qualified employee, noncredit courses, retraining,

Virginia Department of Taxation

standard fringe benefits and training costs.

P. o. Box 715

Richmond, Virginia 23218-0715

Part I - Description of Business Activities

WhAT To ATTACh To FoRm WRC

Enter the principal activity of the business.

If Schedule 1 (Form WRC) was completed, attach a copy of

Part II - Credit Based on Noncredit Courses From a

the documentation used in completing Schedule 1, including

Community College or Private School

enrollment forms from the school/college showing the

Credit will be granted for retraining through noncredit

courses taken and payment by the employer.

courses approved by the Virginia Department of Business

If Schedule 2 (Form WRC) was completed, attach a signed

Assistance.

copy of the Apprenticeship Action Form, Apprenticeship

Complete Schedule 1 (Form WRC). If additional space

Related Instruction Enrollment Form, and proof of payment

is needed, attach a separate page. Complete a separate

by employer.

Schedule 1 for each course for which the credits are

PASS-ThRoUGh ENTITIES

requested. Enter the total number of courses and total credit

requested for training costs for approved courses in the

The Virginia Department of Taxation will issue a credit

space provided in Part II of the Form WRC.

certification letter specifying the amount of credit authorized

to each partnership, S corporation or limited liability company

Part III - Credit Based on Apprenticeship Programs

qualifying to claim a portion of this credit.

Credit will be granted for apprenticeship programs

Each pass-through entity must File Form PTE with the

(approved by the Virginia Apprenticeship Council through

Department of Taxation within 30 days after the credit is

the Virginia Department of Labor and Industry) which

granted. This information should be sent to: Department of

meet the qualifications for this credit. See the definitions

Taxation, ATTN: Tax Credit Unit, P.o. Box 715, Richmond,

provided earlier in these instructions, before completing

VA 23218-0715 or you may fax it to 804-786-2800.

this section.

All pass-through entities distributing this credit to their

Complete Schedule 2 (Form WRC). If additional space is

owner(s), shareholders, partners or members must give each

needed, attach a separate page. Enter each program name,

a Schedule VK-1, Owner’s Share of Income And Virginia

the total cost and the total credit requested in the space

Modifications And Credits.

provided in Part III of Form WRC.

WhERE To GET hElP

See the definitions listed in these instructions before

completing Schedule 2 to ensure that the training costs and

Write to Virginia Department of Taxation, Tax Credit

employees listed qualify for the credit.

Unit, P. o. Box 715, Richmond, VA 23218-0715 or call

804-786-2992. To order forms, call 804-440-2541. Visit

for most Virginia tax forms and

additional tax information. Forms are also available from the

office of your local Commissioner of the Revenue, Director

of Finance or Director of Tax Administration.

Tenemos servicios disponible en Español.

Virginia Tax Bulletin 99-4, dated April 5, 1999, provides

additional information on the worker retraining credit

and how the credit applies. To obtain this bulletin, see

“Where To Get Help” above.

Page 5

Form Wrc - Virginia Worker Retraining Tax Credit Application Page 5

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