Schedule 502a - Multistate Pass-Through Entity Allocation And Apportionment Of Income - 2016

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MULTISTATE

2016

Virginia

*VA502A116888*

PASS-THROUGH ENTITY

Schedule 502A

Allocation and Apportionment of Income

Name

FEIN

Check Here if Filing a Unified Return .....................................

Section A - Apportionable Method

6. Manufacturer’s Modified Apportionment Method

1. Motor Carrier Mileage Factor .......................................................

Sales Factor (See instructions for requirements). .........................

If an exception applies, check the applicable box below.

(a) Enter Beginning Date of Election Year

_____/_____/_____

Exception 1

Exception 2

(b) Wage and Employment Certification Required each year:

Check to certify that the average weekly wages of the full-

2. Financial Company Cost of Performance Factor .......................

time employees is greater than the lower of the state or local

average weekly wages for its industry, and that the average

annual number of full-time employees of the manufacturing

3. Construction Company

company is at least 90 percent of the base year

Completed Contract Basis Sales Factor .....................................

employment ..........................................................................

7. Enterprise Data Center Operation ...............................................

4. Railway Company Revenue Car Miles. ........................................

8. Multi-Factor Formula with Double-Weighted

5. Retail Company Apportionment. ..................................................

Sales Factor ...................................................................................

Section B - Apportionable Percentage

TOTAL

VIRGINIA

PERCENTAGE

Single Factor Computations: Motor Carriers, Financial Companies,

Construction Companies, Railway Companies, Retail Companies,

and Manufacturers that elected the Modified Apportionment Method in

Section A. ..............................................................................................

.00

Multifactor Computations

(a) Property Factor: .............................................................................

2(a)

.00

2(b)

(b) Payroll Factor: ...............................................................................

.00

2(c)

.00

(d) Standard (Double-Weighted) Sales Factor Apportionment: Multiply the sales factor from Line 2(c) by 2.. ............ 2(d)

(e) Quadruple-Weighted Sales Factor Apportionment. If you are a taxpayer with an Enterprise Data Center that has

entered into a Memorandum of Understanding with VEDP to make a new capital investment of at least $150 million,

use this computation for taxable years beginning on or after July 1, 2016, but before July 1, 2017. Multiply the Sales

Factor from Line 2(c) by 4. ............................................................................................................................................. 2(e)

(f)

Sum of Percentages. If using a double-weighted sales factor, add Lines 2(a), 2(b), and 2(d). If using a quadruple-

weighted sales factor, add Lines 2(a), 2(b), and 2(e). .................................................................................................... 2(f)

(g) Multifactor Percentage. Divide Line 2f by 4 (for double-weighted sales) or 6 (for quadruple-weighted sales),

reduced by the number of factors, if any, having no denominator. ................................................................................

2(g)

Section C - Allocable and Apportionable Income

Total of taxable income amounts from Form 502, Line 1................................................................................................

.00

If commercial domicile is in Virginia, enter dividends received here and on Form 502, Line 4 ......................................

.00

If commercial domicile is not in Virginia:

(a) Enter dividends received ........................................................................................................................................ 3(a)

.00

(b) Enter nonapportionable investment function income ............................................................................................. 3(b)

.00

(c) Add Lines 3(a) and 3(b) .......................................................................................................................................... 3(c)

.00

(d) Enter nonapportionable investment function loss ................................................................................................... 3(d)

.00

(e) Allocable Income - Subtract Line 3(d) from Line 3(c). Enter the amount here and on Form 502, Line 5 ............... 3(e)

.00

Apportionable Income - If domiciled in Virginia, subtract Line 2 from Line 1

If not domiciled in Virginia, subtract Line 3(e) from Line 1. Enter on Form 502, Line 6 ..................................................

.00

Va. Dept. Of Taxation 2601014

Rev. 09/16