Form Wv/fiia-Tcs - Schedule Fiia-Tcs West Virginia Film Industry Investment Tax Credit

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WV/FIIA-TCS
WEST VIRGINIA STATE TAX DEPARTMENT
Org. 01/2009
SCHEDULE FIIA-TCS
WEST VIRGINIA FILM INDUSTRY INVESTMENT TAX CREDIT
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CREDIT CLAIMANT NAME
CREDIT CLAIMANT ID (EIN/SSN)
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TAX PERIOD BEGINNING
ENDING
MM
DD
YYYY
MM
DD
YYYY
Part A - Credit Source and Documentation (Check appropriate source of credit and attach indicated supporting documents)
1.
_____
Production company that earned original credit entitlement.
Approved Tax Credit Voucher (form FIIA-08) From West Virginia Film Office.
2.
_____
Owner of production company that earned original credit entitlement.
Copy of production company’s approved Tax Credit Voucher (form FIIA-08) From West Virginia Film Office.
Schedule K-1, or similar document, showing the percentage of ownership of the production company.
3.
_____
Credit obtained from a transfer or purchase of approved credit.
Approved Tax Credit Voucher (form FIIA-08) From West Virginia Film Office.
4.
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Owner of company that received a credit allocation via a transfer or purchase of approved credit.
Copy of company’s approved Tax Credit Voucher (form FIIA-08) From West Virginia Film Office.
Schedule K-1, or similar document, showing the percentage of ownership of the company.
Part B - Annual Credit Computation and Reconciliation
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5.
Enter the beginning and ending dates between which the
BEGINNING
MM
DD
YYYY
qualifying film production expenditures occurred
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ENDING
MM
DD
YYYY
6.
Enter individual West Virginia Film Office Tax Credit Voucher numbers and amounts
and total credit amount (Tax Credit Voucher(s) must be attached).
TAX CREDIT VOUCHER NUMBER
CREDIT AMOUNT
TOTAL
a. Owners receiving a credit allocation from a subsidiary enter the ownership percentage as a
7.
a.
decimal to 6 places (Schedule K-1, or similar document, must be attached).
b. Companies whose name appears on an Approved Tax Credit Voucher from the West Virginia
b.
Film Office enter 1.000000.
8.
Total Available Credit (multiply the amount on Line 6 by the decimal value on Line 7 a or b).
9.
Total Available Credit used in prior years.
10.
Total Available Credit sold or transferred.
11.
Credit Available This Period (Subtract the amounts on Lines 9 and 10 from the amount on Line 8).
12.
Business Franchise Tax
a.
a.
Enter total Business Franchise Tax Liability.
b.
b.
Enter Subsidiary Credit Claimed.
c.
c.
Enter Business and Occupation Tax Credit Claimed.
d.
Adjusted Business Franchise Liability (Subtract the amounts on Lines 12b and
d.
12c from the amount on Line 12a).
e.
Business Franchise Tax Film Industry Investment Tax Credit Offset (Enter the lesser of the
e.
amount on Line 11 and the amount on Line 12d. Also enter this amount on Schedule TC).

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