Form Wv/fiia-Tcs - West Virginia Film Industry Investment Tax Credit - West Virginia State Tax Department

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West Virginia Film Industry
WV/FIIA-TCS
West Virginia
Investment Tax Credit
State Tax
Rev. 10/15
(For periods AFTER January 1, 2015)
Department
Credit Clamant Name
Credit Claimant ID (EIN/SSN)
TAx PERIoD BEgINNINg
ENDINg
MM
DD
YYYY
MM
DD
YYYY
P
A
Credit Source and Documentation (Check appropriate source of credit and attach indicated supporting documents)
art
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.
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.
P
B
Annual Credit Computation and Reconciliation
art
5. Enter the beginning and ending dates between which the qualifying film production
BEgINNINg
expenditures occurred.
MM
DD
YYYY
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
7. a. owners receiving a credit allocation from a subsidiary enter the ownership percentage
as a decimal to 6 places (Schedule K-1, or similar document, must be attached............. a.
b. Companies whose name appears on an Approved Tax Credit Voucher from the
West Virginia Film Office enter 1.000000.......................................................................... b.
8. Total Available Credit (multiply the amount on line 6 by the decimal value on line 7a 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. Corporation Net Income Tax
a. Enter total Corporation Net Income Tax liability................................................................. a.
b. Corporation Net Income Tax Film Industry Investment Tax Credit offset (Enter the
lesser of the amount on line 11 and the amount on line 12a) Also enter this amount
on CNF-120TC.................................................................................................................. b.
13. Credit Available This Period Adjusted for Corporation Net Income Tax offset (Subtract the
amount on line 12b from the amount on line 11).....................................................................
Schedule WV/FIIA-TCS
Page 1 of 2
Rev. 10/15

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