Looking for a Wv Tax Forms And Templates? Download it for free!

Line 3. Multiply the amount on Line 1 by the percentage on Line 2. This is the total allowable credit.

Line 4. The taxable year percentage is ten percent.

Line 5. Multiply the amount on Line 3 by Line 4.

Section 2-Calculation of Business Investment and Jobs Expansion Tax Credit for qualified investments for

which the cost is not quantifiable (Complete only if such investment was first placed into service

prior to January 1, 1990)

If you have included, as part of your qualified investment, property for which the cost is not ascertainable at the

time the property is placed in service or use, (Part I, Section 6, Line d, Column 3), this section must be completed

each year for ten successive years. It must be attached to the applicable annual tax return filed for each of the years.

The amount of credit computed in this section, plus the annual credit allowance computed on Part II, Section 1,

Line 5 (if any), is the amount of credit available for the taxable year.

Line 1. Enter the amount of the qualified investment from Part I, Section 6, Line (d), Column 3.

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

Line 3. Multiply the amount on Line 1 by the percentage on Line 2.

Line 4. The taxable year percentage is ten percent.

Line 5. Multiply the amount on Line 3 by Line 4.

Line 6. Enter the cumulative amount of credit allowance for a prior year or years from nonquantifiable investment

beginning with the second year.

Line 7. Add Lines 5 and 6.

PART III - NEW JOBS/PAYROLL FACTOR COMPUTATION

Section 1 - New Jobs

Line 1. Enter in Column 1 the total number of employees in West Virginia prior to the time the qualified investment

in a new or expanded business facility was placed in service or use in this State. Enter in Column 2 the total

dollar amount of the annual payroll of those employees.

Line 2. Enter in Column 1 the total number of employees in West Virginia this taxable year. Enter in Column 2 the

total dollar amount of the annual payroll of those employees.

Line 3. Enter in Column 1 the average number of employees in West Virginia during this taxable year. The average

is attained by adding the number of employees in West Virginia at the beginning of the year to the number

of employees in West Virginia at the end of the year and dividing the result by 2.

Line 4. Enter in Column 1, the number of new jobs in West Virginia, that are or will be directly attributable to the

qualified investment in the new or expanded business facility in this State.

Line 5. Enter in Column 1 the number of jobs filled both by West Virginia domiciled residents and nonresidents

working in West Virginia, created during and subsequent to the new jobs redetermination period, which are

directly attributable to qualified investment. Enter in Column 2 the total dollar amount of the payroll, during

the taxable year, of these jobs directly attributable to qualified investment.

Section 2. Payroll Factor Computation

Line 1. Enter the amount of compensation paid to employees hired as a result of the new investment.

Line 2. Enter the amount of compensation paid to all West Virginia employees.

Line 3. Divide Line 1 by Line 2 and round to six decimals.

Form Wv/bcs-1 - Business Investment And Jobs Expansion Credit And Corporate Headquarters Relocation Credit (Super Credits) - Page 9