Form Bru - Application For Barge And Rail Usage Tax Credit

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VIRGINIA
Application for Barge and
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 using 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) or 16 tons of noncontainerized cargo moved by barge or rail.
To receive this credit, an international trade facility is required to apply to the Department. 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 cargo 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). See instructions for converting noncontainerized cargo to
TEUs.
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). See instructions for converting
noncontainerized cargo to TEUs.
4. Subtract Combined Total of Line 3 from Combined Total of Line 2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5. Amount of credit requested. Multiply Line 4 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
Email Address
FAX Number
File Form BRU no later than April 1 for credits earned the preceding year.
Rev 08/13 3101070

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