Virginia Multistate Corporation Allocation and Apportionment of Income

Multistate Corporation Allocation and Apportionment of Income
2023 Schedule 500A - Corporation Allocation and Apportionment of Income
2023 Virginia
Schedule 500A

Corporation Allocation and
Apportionment of Income

*VACPSA123888*

Name as shown on Form 500

Check if you are:	

FEIN

­­  Filing a consolidated or combined return.
  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 Computation
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. . . . . . . . . . . . . . . 1

Column A
Total

Column B
Virginia

Column C
Percentage

.00

.00

%

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

.00

.00

%

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

.00

.00

%

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

.00

.00

%

2. Multi-Factor Computation

(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 2(e) by 4, reduced by the number of
factors, if any, having no denominator . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

2(f)

%

(a) Virginia Taxable Income from Form 500, Line 7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3(a)

.00

(b) Total Dividends (total amount of allocable income) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3(b)

.00

(c) Nonapportionable Investment Function Income. Enter on Form 500, Line 8(c). . . . . . . . . . . . . . . . . .  3(c)

.00

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

.00

(e) Nonapportionable Investment Function Loss. Enter on Form 500, Line 8(d). . . . . . . . . . . . . . . . . . . .  3(e)

.00

(f) Total Nonapportionable Income. Line 3(d) minus Line 3(e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 

3(f)

.00

(g) Income Subject to Apportionment. Line 3(a) minus Line 3(f). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .  3(g)

.00

(h) Income Apportioned to Virginia. Multiply the percentage from Line 1 or Line 2(f) by Line 3(g) . . . . . .  3(h)

.00

(i) Dividends Allocated to Virginia. Portion of dividends reported on Line 3(b). . . . . . . . . . . . . . . . . . . . . 

3(i)

.00

(j) Income Subject to Virginia Tax. Add Lines 3(h) and 3(i). Enter on Form 500, Line 8(a). . . . . . . . . . . . 

3(j)

.00

3. Income Subject to Virginia Tax

Va. Dept. of Taxation  2601006-W  Rev. 08/23