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INSTRUCTIONS AND FORMS

Part I -

QUALIFIED INVESTMENT PLACED IN SERVICE OR USE IN THIS TAXABLE

YEAR IN WEST VIRGINIA

Sections 1-4

These Sections should be completed for qualified investment placed in service or use in this taxable year, unless

an election to defer the credit was made. If the election to defer was made for the prior year, then these sections

should be completed for qualified investment placed into service during the prior year.

If this is a certified multiple year project, include the qualified investment placed in service or use in the prior year

along with the current year qualified investment. If an election was made to defer the credit for the previous year,

include only the qualified investment for the current year.

Leased property placed into service or use prior to January 1, 1990 for which the cost is not quantifiable at outset

should be reported in Section 6. (See instructions below).

The qualified investment is determined by multiplying the cost or other basis (Part I, Column (1), Sections 1-4)

by the applicable percentage (Part I, Column (2), Section 1-4).

Enter the amount from Section 1, Line (d), Column 3 on Line (a) of Section 5; the amount from Section 2, Line

(d), Column 3 on Line (b), Section 5; the amount from Section 3, Line (c), Column 3 on Line (c), Section 5; and the

amount from Section 4, Line (b), Column 3 on Line (d), Section 5.

Make entries in each column as indicated on the credit schedule, as applicable.

Section 5

Add amounts on Lines (a), (b), (c), and (d) and enter result on both Line (e) and in Part II, Section 1, Line 1.

Section 6

This section applies only to non-quantifiable leases of property first placed into service or use or leased prior to

March 10, 1990.

The qualified investment property may include leased properties for which the cost is not quantifiable at the outset

of the lease. In this event, the cost of these properties must be determined annually. It is the amount of royalties

or payments actually paid to the owner of the properties during each taxable year for a total period of ten years for

realty, or for the primary term of a lease of tangible personal property for at least four years up to ten years, multiplied

by the appropriate percentage determined according to the lease term and useful life of tangible personal property.

The amount of such cost each year, multiplied by the new jobs percentage, divided by ten, establishes the

allowable credit each year for ten successive years, beginning with the year in which the payments were made. The

new jobs percentage is determined at the time the leased properties are placed in service or use.

Since the annual credit allowance must be computed each year, this section, as well as Part II, Section 2 of this

credit computation schedule must be completed and attached to the annual tax return for each taxable year in which

the credit is claimed.

Make entries in each column in Part I, Section 6 as indicated on the credit schedule, as applicable.

Part II - CALCULATION OF CREDITS

Section 1-Calculation of Business Investment and Jobs Expansion Tax Credit or Corporate Headquarters

Relocation Credit

Line 1. The amount of the qualified investment was determined in Part I. Enter the amount from Part I, Section 5,

Line e.

Line 2. Enter the applicable new jobs percentage from the New Jobs Percentage Table.

Form Wv/bcs-1 - Business Investment And Jobs Expansion Credit And Corporate Headquarters Relocation Credit (Super Credits) - Page 8