Form 301 - Virginia Enterprise Zone Credit State Bank Franchise Tax

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20 __
*VAB301108000*
VIRGINIA
Qualification year
ENTERPRISE ZONE CREDIT
Form 301
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1st year
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6th year
STATE BANK FRANCHISE TAX
2nd year
7th year
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Attach this form to your return
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3rd year
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8th year
STATE BANK FRANCHISE TAX
4th year
9th year
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5th year
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10th year
Name(s) as shown on return or form
FEIN
Zone Location Code
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(1) Net taxable capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (1)
(2) Less: Local taxable capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2)
(3) State taxable capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (3)
(4) Percentage of business done within the enterprise zone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4)
%
(5) State capital subject to enterprise zone credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5)
(6) Bank franchise tax attributable to enterprise zone activity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (6)
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FOR BUSINESSES QUALIFYING PRIOR TO JULY 1, 1995
General Tax Credit:
(7) Applicable percentage . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7)
%
(8) General tax credit (Line 6 multiplied by the percentage on Line 7) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (8)
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Unemployment Tax Credit:
(9) Current year unemployment tax credit (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9)
(10) Carryover unemployment tax credit from prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (10)
(11) Total unemployment tax credit available this year (add Line 9 and Line 10) . . . . . . . . . . . . . . . . . . . . . . (11)
(12) Tax attributable to enterprise zone activity, less any general tax credit (Line 6 less Line 8) . . . . . . . . . . (12)
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(13) Credit allowed this year (lesser of Line 11 or Line 12) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (13)
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(14) Credit carryover to subsequent year (subtract Line 13 from Line 11) . . . . . . . . . . . . . . . . . . . . . . . . . . . (14)
FOR BUSINESSES QUALIFYING ON OR AFTER JULY 1, 1995
General Tax Credit:
(15) Applicable percentage (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (15)
%
(16) Available credit (Line 6 multiplied by the percentage on Line 15) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (16)
(17) Credit authorized by the Department of Housing and Community Development . . . . . . . . . . . . . . . . . . (17)
(18) General tax credit (enter the lesser of Line 16 or Line 17) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (18)
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Space Reserved for Future Use
(19)
(20)
(21)
(22)
(23)
(24)
Zone Investment Tax Credit:
(25) Zone investment tax credit negotiated with the Department of Housing and Community Development . . . . (25)
(26) Zone investment tax credit used in prior years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (26)
(27) Total zone investment tax credit available this year (subtract Line 26 from Line 25) . . . . . . . . . . . . . . . . (27)
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(28) Credit authorized by the Department of Housing and Community Development . . . . . . . . . . . . . . . . . . (28)
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(29) Lesser of Line 27 or Line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (29)
(30) Credit used this year (see instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (30)
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(31) Credit carryover to subsequent year (subtract Line 30 from Line 27) . . . . . . . . . . . . . . . . . . . . . . . . . . . (31)
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Total Enterprise Zone Credit:
(32) Enter the total of all applicable Enterprise Zone Credits for this year (add Lines 8, 13, 18 and 30) . . . . . (32)
VA DEPT OF TAXATION 2601146
REV 07/08

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