Schedule C - Credit For Coal Loading Facilities Page 6
ADVERTISEMENT
1
2
3
4
5
6C
p
C
Enter your total amount of pre-credit Business and
ompuTaTion of
oTEnTial
urrEnT
10a
10a
Occupation Tax liability.
a
C
nnual
rEdiT
To determine the taxpayer’s total potential current
5 5
Enter sum of Business Investment and Jobs Expansion
10b
10b
annual credit, which can be taken over a period of ten
Credit (Super Credit), Industrial Expansion and
years, multiply the total eligible investment (Line 4) by 10%.
Revitalization Credit, Research and Development Project
Enter the result on Line 5.
Credit and Residential Housing Development Project
Credit, if any, applied against your Business and Occupation
C
C
a
C
:
ompuTaTion of
urrEnT
nnual
rEdiT
Tax liability.
To determine the taxpayer’s annual credit earned
6 6
Subtract amount on Line 10b from the amount on
10c
10c
during the taxable year, multiply the total potential
Line 10a.
credit on Line 5 by 10%. Enter the result on Line 6.
Enter 50% of Line 10a.
C
f
p
y
:
10d
10d
rEdiT
rom
rEvious
Ears
Enter any annual Coal Loading Facilities Credit
7 7
from prior year(s). For eligible investments for
Enter the lesser of the amount shown on Line 8,
10e
10e
multiple year(s) a worksheet must be provided showing the
or the amount shown on Line 10c, or the amount
computation.
shown on Line 10d. This represents the maximum Coal
Loading Facilities Credit available against your Business and
C
T
a
C
:
ompuTaTion of
oTal
nnual
rEdiT
Occupation Tax liability.
To determine the total amount of credit available in
8 8
the current taxable year, add the credit earned during
Enter your total amount of Business Franchise Tax
11a
11a
the current year shown on Line 6 to the amounts available
remaining after deduction for the Subsidiary Credit,
from previous years shown on Line 7. Enter the total on
Business and Occupation Credit and Bank Shares Credit.
Line 8.
Enter sum of Business Investment and Jobs Expansion
11b
11b
Enter your total amount of pre-credit Severance Tax
Credit (Super Credit), Industrial Expansion and
9a 9a
liability.
Revitalization Credit, Research and Development Project
Credit and Residential Housing Development Project
Credit, if any, applied against your Business Franchise Tax
Enter sum of Business Investment and Jobs Expansion
9b
9b
liability.
Credit (Super Credit), Industrial Expansion and
Revitalization Credit, Research and Development Project
Credit and Residential Housing Development Project
Subtract amount on Line 11b from the amount on
11c
11c
Credit, if any, applied against your Severance Tax liability.
Line 11a.
Subtract amount of Line 9b from the amount on
Enter 50% of Line 11a.
9c 9c
11d
11d
Line 9a.
Enter 50% of Line 9a.
9d
9d
Enter the lesser of the amount shown on Line 8, or
11e
11e
the amount shown on Line 11c, or the amount shown
on Line 11d. This represents the maximum Coal Loading
Facilities Credit available against your Business Franchise
Enter the lesser of the amount shown on Line 8, or
9e
9e
the amount shown on Line 9c, or the amount shown
Tax liability.
on Line 9d. This represents the maximum Coal Loading
Enter the sum of credit claimed on line 9e, 10e,
12 12
Facilities Credit available against your Severance Tax liability.
and 11e.
t West Virginia
t West Virginia
Page 3
Page 3
ADVERTISEMENT
0 votes
Related Articles
Related forms
Related Categories
Parent category: Financial