Schedule 500cr - Credit Computation Schedule - 2013
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62013
*VACPCR113000*
Virginia
CREDIT COMPUTATION SCHEDULE
Schedule 500CR
PAGE 1
See Page 6 and Instructions for additional required attachments.
Name as shown on Virginia return
Federal Employer ID Number
PART I – MAXIMUM NONREFUNDABLE CREDITS
00
1 Enter the tax from Line 9, Form 500. The maximum total nonrefundable credits claimed on Line 134 may not exceed this amount . . . . . 1
.
PART II – NEIGHBORHOOD ASSISTANCE ACT (NAA) CREDIT
00
2 Authorized amount of NEIGHBORHOOD ASSISTANCE ACT CREDIT . . . . . . . . . . . . . . . . . .2
.
00
3 Carryover credit from prior year(s) [attach computation] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3
.
00
4 Maximum NAA credit available for the taxable year. Add Line 2 and Line 3 . . . . . . . . . . . . . . .4
.
5 Credit allowable this year:
00
Enter the amount from Line 4 or the balance of credit available, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
.
.00
6 Carryover credit to next year: Line 4 minus Line 5 if within the 5-year carryover period . . . . . .6
PART III – ENTERPRISE ZONE ACT CREDIT
.00
7 Nonrefundable credit allowable this year from Form 301 (attach Form 301 and, if applicable, qualification certificate) . . . . . . . . . . . . 7
PART IV – CONSERVATION TILLAGE EQUIPMENT CREDIT
.00
8 Enter 25% of qualifying property cost or $4,000, whichever is less . . . . . . . . . . . . . . . . . . . . . .8
.00
9 Carryover credit from prior year(s) [attach computation] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9
.00
10 Add Line 8 and Line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10
11 Credit allowable this year:
00
Enter the amount from Line 10 or balance of maximum credit available, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
.
.00
12 Carryover credit to next year: Line 10 less Line 11 if within the 5-year carryover period . . . . .12
PART V – BIODIESEL AND GREEN DIESEL FUELS TAX CREDIT
13 Enter the amount of biodiesel fuel tax authorized by the Department
.00
or the amount transferred to you in the current taxable year . . . . . . . . . . . . . . . . . . . . . . . . .13
.00
14 Carryover credit from prior year(s) [attach computation] . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14
.00
15 Add Line 13 and Line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15
.00
15a Enter the total credit transferred to others in the current taxable year . . . . . . . . . . . . . . . . . . .15a
.00
15b Subtract Line 15a from Line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15b
16 Credit allowable this year: Enter the amount from Line 15b
00
or the balance of maximum credit available, whichever is less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
.
17 Carryover credit to next year: Line 15b less Line 16
(3-year carryover period) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .17
.00
PART VI – PRECISION FERTILIZER AND PESTICIDE APPLICATION EQUIPMENT CREDIT
.00
18 Enter 25% of current qualifying equipment cost or $3,750, whichever is less . . . . . . . . . . . . . .18
.00
19 Carryover credit from prior year(s) [attach computation] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19
.00
20 Add Line 18 and Line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .20
21 Credit allowable this year:
00
Enter the amount from Line 20 or balance of maximum credit available, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21
.
.00
22 Carryover credit to next year: Line 20 minus Line 21 if within the 5-year carryover period . . . .22
PART VII – RECYCLABLE MATERIALS PROCESSING EQUIPMENT CREDIT
00
23 Enter 10% of qualifying recyclable equipment cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .23
.
.00
24 Carryover credit from prior year(s) [attach computation] . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .24
00
25 Add Line 23 and Line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .25
.
26 Enter 40% of tax per return OR enter 60% of tax per return if qualified for Alternative
Recyclable Credit computation available beginning January 1, 1998, for corporations that
.00
invest at least $350 million in the Commonwealth before January 1, 2003. See instructions. . . .26
.00
27 Maximum credit: Line 25 or Line 26, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .27
28 Credit allowable this year:
00
Enter the amount from Line 27 or balance of maximum credit available, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28
.
.00
29 Carryover credit to next year: Line 25 minus Line 28 if within the 10-year carryover period . . .29
Attach Schedule 500CR to Your Virginia Corporation Return, Form 500.
VA DEPT OF TAXATION 2601011 REV 8/13
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