Form Wv/unolc-1 - Schedule Unolc-1 Credit For Utility Net Operating Loss Carryovers

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WV/UNOLC-1
WEST VIRGINIA STATE TAX DEPARTMENT
Org. 08/2009
SCHEDULE UNOLC-1
CREDIT FOR UTILITY NET OPERATING LOSS CARRYOVERS
BUSINESS NAME
IDENTIFICATION NUMBER
TAX PERIOD
TO
MM
DD
YYYY
MM
DD
YYYY
Part A - Qualification
Note: The Credit for Utility Net Operating Loss Carryovers is only available for tax years beginning on or after January 1, 2008.
In order to claim a Credit for Utility Net Operating Loss Carryovers, all of the following must be satisfied:
I. The Taxpayer, or an affiliate*, is subject to the Business and Occupation Tax prescribed by West Virginia
Code §11-13-1 et seq. and is exercising any privilege taxable under West Virginia Code §11-13-2o.
[*A group that has elected to file a consolidated Corporation Net Income Tax return is eligible if one or
more of the affiliates included would qualify.]
II. The Taxpayer had a West Virginia net operating loss carryover that existed as of December 31, 2006.
If items I and II above have been satisfied, please complete the following:
Name(s) and Federal Employer Identification Number(s) of Affiliates(s) meeting Item I above (attach extra page(s) as needed):
Name
FEIN
Part B - Total Available Credit Calculation
Amount of West Virginia Net Operating Loss Carryover that existed as of December 31, 2006
1. $_______________
1.
Total Amount of Utility Net Operating Loss Credit Available (0.25% {0.0025} of the
2.
West Virginia Net Operating Loss of December 31, 2006
2. $_______________
Part C - Annual Credit Computation and Reconciliation
(B)
(C)
(F)
(A)
(D)
(E)
Tax Year
Beginning Balance
Corporation Net
Other Tax
Utility Net Operating Loss
Available Utility Net Operating Loss
Adjusted Tax Liability
Ending
Income Tax
Credits Claimed
of Total Available
[Col B - Col C]
Carryover Credit Applied*
Carryover Credit Remaining (Amount
(mm/dd/yyyy)
Liability
on Line 2 less cumulative to date
Utility Net Operating Loss
[Lesser of Amounts in
Carryover Credit
Col. A and Col. D]
amount of Col. E)
*Enter the amount of Utility Net Operating Loss Carryover Credit Applied (Column E above) for the current tax year on
Summary of Corporation Net Income Tax / Business Franchise Tax Credits (Schedule/Form WV/CNF-120TC).
Under penalties of perjury, I declare that I have examined this credit claim form (including accompanying schedules and statements) and to the best of
my knowledge it is true, and complete.
Signature of Taxpayer
Name of Taxpayer: Type or Print
Title
Date
Person to Contact Concerning this Return
Telephone Number
Signature of Preparer other than Taxpayer
Address
Title
Date

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