Form Wv/bcs-1 - Business Investment And Jobs Expansion Credit And Corporate Headquarters Relocation Credit (Super Credits) - Page 17
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30WV/BCS-1
Rev. March/2004
Taxable year beginning ______________________, Ending _______________________
NAME
IDENTIFICATION NUMBER
STREET ADDRESS
CITY, TOWN, OR POST OFFICE
STATE
ZIP CODE
WEST VIRGINIA BUSINESS INVESTMENT AND JOBS EXPANSION TAX CREDIT OR
CORPORATE HEADQUARTERS RELOCATION CREDIT
PART I - QUALIFIED INVESTMENT PLACED IN SERVICE OR
Date Placed In
(1)
(2)
(3)
USE IN THIS TAXABLE YEAR IN WEST VIRGINIA
Service or Use
Cost or
Applicable
Qualified
Other Basis
Percentage
Investment
MONTH/DAY/YEAR
Col. 1 X Col. 2
Section 1. PURCHASED PROPERTY
(a) Land
100%
(1) Natural resources in place*
100%
(2) Land
(b) Buildings and Other Improvements to Real Property
0%
(1) Useful life less than 4 years
33.33%
(2) 4 years but less than 6 years
66.66%
(3) 6 years but less than 8 years
100%
(4) 8 years or more
(c) Machinery, Equipment, and Other Depreciable or
Amortizable Tangible Personal Property**
0%
(1) Useful life less than 4 years
33.33%
(2) 4 years but less than 6 years
66.66%
(3) 6 years but less than 8 years
(4) 8 years or more
100%
(d)TOTAL
Section 2. LEASED PROPERTY
(a) Land
(1) Natural resources in place capable of 10 or more
100%
years of sustained production
100%
(2) Land with primary lease term of 10 or more years
(b) Buildings and Other Improvements to Real Property
(1) Primary lease term and useful life of property 10
100%
years or more
(c) Machinery, Equipment, and Other Depreciable or Amortizable
Tangible Personal Property
0%
(1) Primary lease term or useful life less than 4 years
33.33%
(2) Primary lease term and useful life of property 4 to 6 years
66.66%
(3) Primary lease term and useful life of property 6 to 8 years
(4) Primary lease term and useful life of property 8 years or more
100%
(d) TOTAL
* Natural resources in place must be capable of sustained production for a period of ten (10) or more years. Natural resources in place or leased natural resources generally
apply only to investments in place prior to 1990.
** Tangible personal property that is eligible for depreciation or amortization for federal income tax purposes having a useful life (economic life) of four (4) or more years.
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