Virginia Allocation of Coal Employment and Production Incentive Tax Credit Between Interested Parties

Allocation of Coal Employment and Production Incentive Tax Credit Between Interested Parties
Form 306T - Allocation of Virginia Coal Employment and Production Incentive Tax Credit Between Interested Parties
Virginia
Form 306T

Allocation of Virginia Coal
Employment and Production Incentive
Tax Credit Between Interested Parties

*VA306T119888*

Use this form to complete Schedule 306C. Enclose all Forms 306T with Form 306.
	 Original Credit Allocation Agreement.
	 Amendment of an existing Credit Allocation Agreement (include copy of original Form 306T that this form amends).

Section I – Sale Information
A)  Date of Original Sale

B)  Invoice Number

C)  Number of Tons Sold

D)  Total Amount of Credit (not to exceed $3 per ton)

$

.00

Section II – Transferor Information (Electricity Generator)
A)  Entity Type - Check One
  Individual Taxpayer	
 Corporation	

  Multiple Taxpayers	
  Pass-Through Entity 	

 Nonprofit	
 Trust

  Other Entity - Specify______________________________________

B) Name

C)  Identification Number FEIN

D)  Street Address or P.O. Box Number

City

E)  Contact Name, If Different from Above

State

ZIP Code

F)  Phone Number

Section III – Transferee Information (Person with Economic Interest in Coal)
A)  Entity Type - Check One
  Individual Taxpayer	
  Corporation	

  Multiple Taxpayers	
  Pass-Through Entity 	

  Nonprofit	
  Trust

  Other Entity - Specify_____________________________________
C)  Identification Number	

B) Name
D)  Street Address or P.O. Box Number

City

State

E)  Contact Name, If Different From Above

F)  Phone Number

G)  Name of Mine

H)  Location of Mine

 SSN	

  FEIN

ZIP Code

Section IV – Allocation of Tax Credits
$

.00

‑ $

.00

C) Credit amount to be allocated to the person with an economic interest in the coal (Line A minus Line B) = $

.00

A)

Total credit amount attributable to the coal transaction

B)

Credit retained by electricity generator

Section V – Declaration and Signatures
Each of the undersigned representatives of the Transferor and Transferee declares, under the penalties provided by law, that (i) this
form (including any accompanying schedules and statements) has been examined by me and is, to the best of my knowledge and
belief, true, correct, and complete, made in good faith pursuant to the income tax laws of the Commonwealth of Virginia; and (ii) no coal
described above has been or will be used as the basis for claiming a Coalfield Employment Enhancement Tax Credit or a Virginia Coal
Employment and Production Incentive Tax Credit except as allocated or retained above.
I authorize the Department of Taxation to discuss my allocation form with the contact person listed in Section II or III and any
person listed as my return preparer, if applicable.
Signature of Representative for Transferor

Print Name

Address of Representative for Transferor
Signature of Representative for Transferee
Address of Representative for Transferee
Va. Dept. of Taxation  2601431-W  Rev. 08/19

Date
Phone Number

Print Name

Date
Phone Number