Form Wv/sev-401 - West Virginia Annual Severance Tax Return Page 2
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2WV/SEV-401
WEST VIRGINIA ANNUAL SEVERANCE TAX RETURN
rtL110 v.12-Web
Letter Id:
Severance Tax Computation Schedule
(COLUMN 1)
(COLUMN 2)
(COLUMN 3)
(COLUMN 4)
(COL 5)
(COLUMN 6)
TYPE OF
GROSS VALUE OF
EXEMPTIONS
GROSS VALUE OF
RATE
TAX
NATURAL
SEVERED RESOURCES (FOR
FOR GAS & OIL
SEVERED RESOURCES
(COL 4 X COL 5)
RESOURCE
GAS & OIL PRODUCERS ONLY)
PRODUCERS ONLY
0.05
Oil
.
.
.
.
Natural gas
0.05
.
.
.
.
Coalbed Methane
0.05
.
.
.
.
Sand, gravel, or other mineral product not quarried or mined
0.05
.
.
Limestone or Sandstone quarried or mined
0.05
.
.
0.05
Other natural resource products
.
.
TOTAL TAX
- Enter here and on Line 1 on Front of Return
.
SCHEDULE TC - TAX CREDITS
Annual Credit-$500 per year or $41.67 per month for each month engaged in business in West Virginia.
1.
.
Only one annual exemption may be claimed by each business entity.
2.
Manufacturing Investment Tax Credit
.
3.
Credit for Industrial Expansion and/or Revitalization
.
4.
Credit for Research and Development Projects
.
Credit for Business Investment and Jobs Expansion, Corporate Headquarters
5.
.
Relocation and Small Business Investment and Jobs Expansion
6.
West Virginia Capital Company Credit
.
7. Total Credit - Add lines 1 through 6, Enter here and Line 2 on Page 1
.
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements(s) and to the best of my knowledge
and belief 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)
(Date)
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