Virginia 502A - Multistate Pass-Through Entity

502A - Multistate Pass-Through Entity
2023 Schedule 502A - Pass-Through Entity Allocation and Apportionment of Income
2023 Virginia
Schedule 502A

Pass-Through Entity
Allocation and Apportionment of
Income

*VA502A123888*

Name as shown on Form 502

Check if you are:	

FEIN

­­  Filing a Unified Nonresident Individual Income Tax Return (Form 765).
  A certified company conducting business in certain disadvantaged localities electing to use a modified apportionment
method (enclose Schedule 500AP).
  A property information and analytics firm that has entered into a memorandum of understanding with VEDP and
meets the criteria outlined in Va. Code § 58.1-422.4.
  An Internet root infrastructure provider that has entered into a memorandum of understanding with VEDP and
meets the criteria outlined in Va. Code § 58.1-422.5.

Section A – Apportionment Method
1. Motor Carrier Mileage Factor . . . . . . . . . . . . . . . . . . . . .
If an exception applies, check the applicable box below
  Exception 1	

7. Manufacturer’s Modified Apportionment Method
Sales Factor . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 
(a)	 Enter beginning date of election year _____/_____/_____

  Exception 2

4. Railway Company Revenue Car Miles. . . . . . . . . . . . . . 

(b)	 Wage and employment certification required each year:
Check to certify that the average weekly wages of the
full‑time employees is greater than the lower of the state
or local average weekly wages for its industry, and that
the average annual number of full-time employees of the
manufacturing company is at least 90% of the base year
employment.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5. Retail Company Apportionment. . . . . . . . . . . . . . . . . . . 

8. Enterprise Data Center Operation. . . . . . . . . . . . . . . . . . . . 

6. Debt Buyers Apportionment. . . . . . . . . . . . . . . . . . . . . . 

9. Multi-Factor Formula With Double Weighted Sales. . . . . . 

2. Financial Corporation Cost of Performance Factor. . . 
3. Construction Corporation
Completed Contract Basis Sales Factor. . . . . . . . . . . . 

Section B – Apportionment Percentage
Column A
Total

1. Single Factor Computation
Motor carriers, financial corporations, construction corporations,
railway companies, retail companies, debt buyers, manufacturers
who elected the modified apportionment method in Section A,
and certain enterprise data center operations . . . . . . . . . . . . . . 

Column B
Virginia

Column C
Percentage

1

.00

.00

%

(a)	 Property Factor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2(a)

.00

.00

%

(b)	 Payroll Factor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2(b)

.00

.00

%

(c)	 Sales Factor. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2(c)

.00

2. Multi-Factor Computation

.00

%

(d)	 Double-Weighted Sales Factor Apportionment: Multiply the sales factor from Line 2(c) by 2. . . . . . .  2(d)

%

(e)	 Sum of Percentages. Add Lines 2(a), 2(b), and 2(d). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2(e)

%

(f)	 Multi-Factor Percentage (Double-Weighted Sales): Divide Line 2e by 4, reduced by the number of
factors, if any, having no denominator. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  2(f)

%

Section C – Allocable and Apportionable Income
1. Total of taxable income amounts from Form 502, Line 1. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1.

.00

2. If commercial domicile is in Virginia, enter dividends received here and on Form 502, Line 4. . . . . . . . . . . 

2.

.00

(a)	Enter dividends received. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3(a)

.00

(b)	Enter nonapportionable investment function income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3(b)

.00

(c)	Add Lines 3(a) and 3(b). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3(c)

.00

(d)	Enter nonapportionable investment function loss . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3(d)

.00

(e)	 Allocable Income – Subtract Line 3(d) from Line 3(c). Enter the amount here and on Form 502, Line 5. . . .  3(e)

.00

3. If commercial domicile is not in Virginia:

4. Apportionable Income – If domiciled in Virginia, subtract Line 2 from Line 1.
If not domiciled in Virginia, subtract Line 3(e) from Line 1. Enter on Form 502, Line 6. . . . . . . . . . . . . . . . 
Va. Dept. of Taxation  2601014-W 

Rev. 08/23

4.

.00