Form Wv/bcs-1 - West Virginia Business Investment And Jobs Expansion Tax Credit Or Corporate Headquarters Relocation Credit Page 21
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30P A R T
P A R T
I V
I V
Name ____________________________________________
Identification Number ______________________________ Taxable year beginning ______________________, Ending _____________________
TAX CREDIT COMPUTATION SCHEDULE
=
x
Type
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)
(11)
(12)
(13)
of
Liability
Payroll
Tax
Tax Subject
Amount of
Tax Subject
Amount of
Col. 5 + Col.7
Deferred Credit
Col. 8 - Col. 9
Tax Eligible
Free-up
Total
Tax
Factor
Attributable
To Credit
Credit Applied
To Rebate
Rebate Applied
(Col. 8 x 20%)
for Free-up
Credit
Credits
To Investment
(Col. 3 - Col.4)
Credit
Applied
(Col. 10 + Col.
(Col. 3 - Col.
12)
10)
(a)
Business &
.80
Occupation
Tax
(b)
*
Severance
.80
Tax
(c)
Tele-
.80
communicati
Tax
(d)
Business
.80
Franchise
Tax
(e) (1)
Corporation
* *
.80
Net Income
Tax
(2)
.80
Apportioned
(3)
1.00
Allocated
(f)
Personal
Income
.80
Tax on Net
Income From
Business
Activity
(g)
Total
* Credit against Severance Tax may only be claimed if the qualified investment was placed into service or use prior to January 1, 1990 or if the taxpayer qualified under one of the transition rules of W. Va. Code § 11-13C-14 and filed a WV/BCS-SEV on or before July
2, 1990. ** If you are claiming Business Investment and Jobs Expansion Credit, enter your total Corporation Net Income Tax liability on Line (e) 1. Make no entries on Lines (e) 2 and 3 . If you are claiming Corporate Headquarters Relocation Credit only,
enter your Corporation Net Income Tax liability on apportioned income on Line (e) 2 and on allocated income on Line (e) 3, and make no entries on Line (e)1 . (NOTE: This allocation and apportionment of income is required even if the corporation is taxable only
in this State).
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Form Wv/bcs - Notice To Tax Commissioner Of Claim For West Virginia Business Investment And Jobs Expansion Tax Credit
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Parent category: Financial