Summary Schedule Tc - Tax Credits

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SUMMARY SCHEDULE TC – TAX CREDITS
ACCOUNT IDENTIFICATION NUMBER:
BUSINESS NAME:
COLUMN 1
COLUMN 2
TAX CREDITS
APPLICABLE TO
APPLICABLE TO WEST
THE TOTAL AMOUNT OF CREDITS FOR EITHER
WEST VIRGINIA BUSINESS
VIRGINIA CORPORATION
FRANCHISE TAX
NET INCOME TAX
TAX CANNOT EXCEED THE TAX LIABILITY FOR THAT TAX
1
Subsidiary Credit (11-23-17(c))
Complete Schedule A, Form WV/BFT-120
2
Commercially Domiciled Financial Organization Tax Credit
Form WV/BFT-120 (11-23-27) - Complete Schedule D
Form WV/CNT-112 (11-24-24) - Complete Schedule D
3
Business and Occupation Tax Credit (12-23-17(b))
Complete Schedule B, Form WV/BFT-120
4
Financial Organization Property Tax Credit (11-23-17(d))
Complete Schedule C, Form WV/BFT-120
5
Electric and Gas Utilities Rate Reduction Credit (11-23-11)
Complete and attach Schedule L
6
Telephone Utilities Rate Reduction Credit (11-23-11a)
Complete and attach Schedule K
7
West Virginia Military Incentive Credit (11-24-12)
Complete and attach Schedule J
8
Research and Development Projects Credit (11-13D-3(f))
Complete and attach Schedule R & D
9
Corporate Headquarters Relocation Credit (11-13C)
Complete and attach Form WV/BCS-A and WV/BCS-1
10
Small Business Credit (11-13C)
Complete and attach Form WV/BCS-A and WV/BCS-Small
11
Industrial Expansion/Revitilization Credit (11-13D)
Complete and attach Schedule I
12
Residential Housing Development Projects Credit (11-13D)
Complete and attach Schedule O
13
Coal Loading Facilities Credit (11-13E)
Complete and attach Schedule C
14
Capital Company Investment Credit (5E-1-8)
Complete and attach Schedule CCP
15
Historic Rehabilitated Buildings Investment Credit
Complete and attach Schedule RBIC
16
Management Information Services Credit (11-13D-3c)
Complete and attach Form WV/MIS-1
17
Coal Based Synthetic Fuels Credit (11-13D-3d)
Complete and attach Schedule CG and Form WV/CG-A
18
West Virginia Neighborhood Investment Program Credit (11-13J)
Complete and attach Form WV/NIPA-2
19
Colin Anderson Credit (11-13I)
Complete and attach Schedule CA
20
Alternative-Fuel Motor Vehicles Tax Credit (11-6D)
Complete and attach Form WV/AFMV-1
21
Environmental Agricultural Equipment Tax Credit (11-13K)
Complete and attach Form WV/AG-1
22
Value-Added Agricultural Products Credit (11-23-24a and 11-24-22a)
Complete and attach Form WV/AG-2
23 Value-Added Wood Manufacturing Operations Credit (11-13M)
Complete and attach Form WV/WP-1
24
TOTAL CREDITS – add lines 1 through 23............................................................................
Enter on WV/BFT-120,
Enter on WV/CNT-112,
Attach this schedule to the tax return upon
page 1, line 20
page 1, line 18
which you are claiming a credit
Complete and attach this schedule to either or both of your West Virginia Corpora-
Explanations of these credits are either a part of the tax return instructions or are
tion Net Income Tax and Business Franchise Tax Returns if you claim a tax credit.
found on pages 30 and 32. Questions regarding eligibility for a specific credit
Attach the appropriate computation schedule and documentation to support the
should be addressed to our Taxpayer Service Division at (304) 558-3333 or toll free
credits claimed. The total amount of credits claimed cannot exceed the tax liability.
in West Virginia 1-800-982-8297 or TDD service 1-800-282-9733.
Page 29

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