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PART IV-B

Name ____________________________________________

Identification Number ______________________________ Taxable year beginning ______________________, Ending _____________________

T A X C R E D I T C O M P U T A T I O N S C H E D U L E F O R 1 1 T H T H R O U G H 1 3 T H T A X Y E A R S

( a )

( b )

( c )

( d )

( e ) ( 1 )

( e ) ( 2 )

( e ) ( 3 )

(f)

( g )

B u s i n e s s

C o r p o r a t i o n

C o r p o r a t i o n N e t

P e r s o n a l

B u s i n e s s &

S e v e r a n c e

Te le -

F r a n c h i s e

N e t In c o m e

In c o m e Ta x

In c o m e

O c c u p a t i o n T a x

Ta x *

c o m m u n i c a t i o n s T a x

Ta x

Ta x * *

A p p o r t i o n e d

A l l o c a t e d

Ta x

To ta l

1 . L i a b i l i t y

2 . P a y r o l l F a c t o r

3. Tax A t t r i b u t a b l e t o I n v e s t m e n t ( L i n e 1 t i m e s L i n e 2 )

O f f s e t F a c t o r

0 . 8 0

1 . 0 0

0 . 8 0

4. Tax S u b j e c t t o C r e d i t ( L i n e 3 t i m e s O f f s e t F a c t o r )

5 . A m o u n t o f C r e d i t A p p l i e d

6. Tax S u b j e c t t o R e b a t e ( L i n e 3 m i n u s L i n e 4 )

7 . A m o u n t o f R e b a t e A p p l i e d

8. Total C r e d i t a n d R e b a t e A p p l i e d ( L l i n e 5 p l u s L i n e 7 )

9 . D e f e r r e d C r e d i t ( L i n e 8 t i m e s 2 0 p e r c e n t )

1 0 . To ta l A p p l i e d C r e d i t l e s s D e f e r r e d C r e d i t ( L i n e 8 m i n u s L i n e 9 )

1 1 . Ta x E l i g i b l e f o r F r e e - U p C r e d i t ( L i n e 3 m i n u s L i n e 1 0 )

1 2 . F r e e - U p C r e d i t A p p l i e d

1 3 . To ta l N o r m a l C r e d i t t o b e A p p l i e d ( L i n e 1 0 p l u s L i n e 1 2 )

1 4 . R e m a i n i n g Ta x A t t r i b u t a b l e t o In v e s t m e n t ( L i n e 3 m i n u s L i n e 1 3 )

1 5 . A p p l i e d D e f e r m e n t C r e d i t

1 6 . A p p l i e d R e b a t e C a r r y o v e r C r e d i t

1 7 . To ta l D e fe r m e n t a n d R e b a t e C a r r y o v e r C r e d i t ( L i n e 1 5 p l u s L i n e

1 6 ) * * *

1 8 . To ta l N o r m a l , D e f e r r e d a n d R e b a t e C a r r y o v e r C r e d i t

* Credit against Severance Tax may only be claimed if the qualified investment was placed into service or use prior to January 1, 1990 or if the taxpayer qualified under one of the transition rules of W. Va. Code § 11-13C-14 and filed a WV/BCS-SEV on or before July

2, 1990. ** If you are claiming Business Investment and Jobs Expansion Credit, enter your total Corporation Net Income Tax liability in Column (e) 1. Make no entries in Columns (e) 2 and 3 . If you are claiming Corporate Headquarters Relocation Credit only,

enter your Corporation Net Income Tax liability on apportioned income in Column (e) 2 and on allocated income in Column (e) 3, and make no entries in Column (e)1 . (NOTE: This allocation and apportionment of income is required even if the corporation is taxable

only in this State).*** Cannot exceed Line 14.

6 5