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West Virginia Summary of Business Franchise Tax Credits
Form SPF100TC is obsolete, and is no longer supported by the West Virginia Department of Revenue.
Extracted from PDF file 2016-west-virginia-form-spf100tc.pdf, last modified December 1969Summary of Business Franchise Tax Credits
SPF-100TC REV 6-14 W Summary of Business Franchise Tax Credits NAME 2014 FEIN This form is used by businesses to summarize the tax credits that they claim against their business franchise tax liability. In addition to completing this summary form, each tax credit has a schedule or form that is used to determine the amount of the credit that can be claimed. Both this summary form and the appropriate credit calculation schedule(s) or form(s) must be attached to your return in order to claim a tax credit. THE TOTAL AMOUNT OF CREDIT CANNOT EXCEED THE TAX LIABILITY. If you are claiming the Neighborhood Investment Program Credit you are no longer required to enclose the WV/NIPA-2 credit schedule with your return. You must maintain the schedule in your files. TAX CREDIT SCHEDULE OR FORM 1. Subsidiary Credit (§11-23-17(c))..................................................... SCHEDULE B 1 .00 2. Business and Occupation Tax Credit (§11-23-17(b))...................... SCHEDULE B 2 .00 3. Business Investment & Job Expansion Credit (§11-13C)............... WV/BCS-A & WV/BCS-1 OR WV/BCS-Small*,** 3 .00 4. Economic Opportunity Tax Credit (§11-13Q).................................. EOTC-A & EOTC-1 4 .00 5. Industrial Expansion/Revitalization Credit (§11-13D)..................... SCHEDULE I* 5 .00 6. Manufacturing Investment Tax Credit (§11-13S)............................. WV/MITC-1 6 .00 7. Coal Loading Facilities Credit (§11-13E)........................................ SCHEDULE C 7 .00 8. West Virginia Neighborhood Investment Program Credit (§11-13J).... WV/NIPA-2 8 .00 9. Strategic Research and Development Tax Credit (§11-13R).......... WV/SRDTC-1 9 .00 10. Apprentice Training Tax Credit (§11-13W).................................... WV/ATTC-1 10 .00 11. Film Industry Investment Tax Credit (§11-13X)............................. WV/FIIA-TCS 11 .00 12. Goodwill Tax Credit (§11-23-5a(g))............................................... WV/FOGW-1 12 .00 13. Manufacturing Property Tax Adjustment Credit (§11-13Y)............ WV/MPTAC-1 13 .00 14. Alternative Fuel Tax Credit (§11-6D)............................................. WV/AFTC-1 14 .00 15. Commercial Patent Incentives Tax Credit (§11-13AA).................. WV/CPITC-1 15 .00 16. Innovative Mine Safety Technology Tax Credit (§11-13BB).......... WV/IMSTTC-1 16 .00 17 .00 17. TOTAL CREDITS (Add lines 1 through 16). Enter on front of return, line 7...................................... APPLICABLE CREDIT * No credit is available to any taxpayer for investment placed in service or use after December 31, 2002. Taxpayers who gained entitlement to tax credit prior to January 1, 2003, retain that entitlement and may apply the credit in due course pursuant to the requirements and limitations of the original credit entitlement period. ** Transition rules may apply. –7– *b54201407W*
Form SPF100TC
More about the West Virginia Form SPF100TC Corporate Income Tax Tax Credit
Obsolete
We last updated the Summary of Business Franchise Tax Credits in April 2021, and the latest form we have available is for tax year 2016. This means that we don't yet have the updated form for the current tax year. Please check this page regularly, as we will post the updated form as soon as it is released by the West Virginia Department of Revenue. You can print other West Virginia tax forms here.
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TaxFormFinder has an additional 75 West Virginia income tax forms that you may need, plus all federal income tax forms.
| Form Code | Form Name |
|---|---|
| Form PTE100 | Income Tax Return S Corporation & Partnership (Pass-Through Entity) Formerly SPF 100 |
| SPF100 Schedule SP | Shareholder / Partner Information and Non-resident Withholding |
| Form CIT 120 | Corporate Net Income (formerly CNF 120) |
| Form IT-141ES | Fiduciary Estimated Tax Payment Voucher |
| Form NRW4 | Non-resident Income Tax Agreement |
View all 76 West Virginia Income Tax Forms
Form Sources:
West Virginia usually releases forms for the current tax year between January and April. We last updated West Virginia Form SPF100TC from the Department of Revenue in April 2021.
Form SPF100TC is a West Virginia Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.
About the Corporate Income Tax
The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.
Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).
Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.
Historical Past-Year Versions of West Virginia Form SPF100TC
We have a total of four past-year versions of Form SPF100TC in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:
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