West Virginia West Virginia Film Industry Investment Tax Credit

West Virginia Film Industry Investment Tax Credit
Form FIIA-TCS
WV FIIA-TCS
Rev. 9/2020

West Virginia Film Industry
Investment Tax Credit
(For periods AFTER January 1, 2020)

Credit Clamant Name

Credit Claimant ID (EIN/SSN)
TAX PERIOD BEGINNING

PART A
1. 
2. 

3. 
4. 

PART B

West Virginia
State Tax
Department

MM

DD

YYYY

ENDING

MM

DD

YYYY

Credit Source and Documentation (Check appropriate source of credit and attach indicated supporting documents)

Production company that earned original credit entitlement.
■ Approved Tax Credit Voucher (Form FIIA-08) From West Virginia Film Office.
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.
Credit obtained from a transfer or purchase of approved credit.
■ Approved Tax Credit Voucher (Form FIIA-08) From West Virginia Film Office.
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.
Annual Credit Computation and Reconciliation

5. Enter the beginning and ending dates between which the qualifying film production
expenditures occurred.

BEGINNING
MM

DD

YYYY

MM

DD

YYYY

ENDING

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 CIT-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
Rev. 9/2020

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14. Personal Income Tax
a. Enter total Personal Income Tax Liability............................................................................ a.
b. Personal Income Tax Film Industry Investment Tax Credit Offset (Enter the lesser of
the amount on Line 13 and the amount on Line 14a. Also enter the amount on the Tax
Credit Recap Schedule on form IT-140)............................................................................ b.
PART C

Credit Recap

Tax Year Ending
(mm/dd/yyyy)

(A) Beginning Balance
of Total Available Film
Industry Investment Tax
Credit

(B) Film Industry
Investment Tax Credit
Applied to Corporation
Net Income Tax

(C) Film Industry Investment Tax Credit Applied
to Personal Income Tax

(D) Film industry
Investment Tax Credit
Allocated to Owners

(E) Film Industry Investment Tax Credit Sold or
Transferred

(F) Ending Balance of Total Available
Film Industry Investment Tax Credit
(Column A minus the sum of Columns
B through E)

NOTES:
■ No Film Industry Investment Tax Credit is allowed after the expiration of the second taxable year after the taxable year
in which the expenditures upon which the credit is based occurred.
■ The transfer or sale of the Film Industry Investment Tax Credit does not extend the time in which the credit can be
used. The carry forward period for the credit that is transferred or sold begins on the date on which the credit was
originally granted by the West Virginia Film Office.
■ No carryback to a prior year is allowed for the amount of any unused portion of any annual credit allowance.

Signature of Taxpayer

Name of Taxpayer: Type of Print

Title

Person to Contact Concerning this Return

Signature of Preparer other than Taxpayer

Schedule WV/FIIA-TCS
Rev. 9/2020

Date

Telephone Number

Address

Title

Date

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