Schedule Vk-1 (Form 502) - Owner'S Share Of Income And Virginia Modifi Cations And Credits - 2007 Page 2
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22007
Owner FEIN or SSN
Va. Schedule VK-1
Page 2
PTE FEIN
Virginia Subtractions - Owner’s Share
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14. Fixed-date Conformity - Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.
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15. Fixed-date Conformity - Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15.
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16. Income From Obligations of the United States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16.
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17. a-e Refer To Instruction Book For Other
17a.
. . . . . . . . . . . 17a.
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Subtraction Codes
17b.
. . . . . . . . . . . 17b.
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17c.
. . . . . . . . . . . 17c.
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17d.
. . . . . . . . . . . 17d.
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17e.
. . . . . . . . . . . 17e.
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18. Total Subtractions (Line 14 Through 17e) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.
Virginia Tax Credits And Related Information
Credits Allocable To Owners In Proportion To Owners’ Participation Percentages:
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19. State Income Tax Paid (See instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19.
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20. Neighborhood Assistance Act Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.
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21a. Enterprise Zone Act General Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21a.
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21b. Enterprise Zone Act Zone Investment Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21b.
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21c. Enterprise Zone Taxable Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21c.
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22. Conservation Tillage Equipment Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.
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23. Line Reserved For Future Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.
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24. Fertilizer & Pesticide Application Equipment Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.
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25. Recyclable Materials Processing Equipment Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25.
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26. Rent Reduction Program Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26.
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27a. Line Reserved For Future Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27a.
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27b. Vehicle Emissions - Testing Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27b.
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28. Major Business Facility Job Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28.
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29. Clean Fuel Vehicle Job Creation Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29.
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30. Line Reserved For Future Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30.
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31. Day-care Facility Investment Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.
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32. Low-income Housing Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 32.
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33. Agricultural Best Management Practices Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33.
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34. Worker Retraining Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34.
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35. Waste Motor Oil Burning Equipment Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.
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36. Line Reserved For Future Use . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36.
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37. Riparian Forest Buffer Protection For Waterways . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.
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38. Virginia Coal And Production Incentive Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38.
00
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38a. Enter the amount of credit assigned to another party . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 38a.
00
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38b. Amount available for use by owner (Subtract line 38a from line 38) . . . . . . . . . . . . . . . . . . . . . . . . . . . 38b.
00
Credits Allocable to Owners by Methods Other than Participation Percentage
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39. Historic Rehabilitation Tax Credit. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39.
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40. Land Preservation Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40.
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41. Qualifi ed Equity & Subordinated Debt Investments Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 41.
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Refundable Credits
42.
100% Coalfi eld Employment Enhancement and/or Virginia Coal Employment and Production Incentive Tax
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42.
Credits from Line 1 of your 2007 Schedule 306B . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
00
42a 50% Coalfi eld Employment Enhancement Tax Credit from Line 2 of your 2007 Schedule 306B . . . . . . . . . . . . . 42a.
00
42b. Full credit: Enter amount from 2007 Form 306, Line 12a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42b.
00
42c Full credit: Enter amount from your 2007 Form 306, line 12b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42c.
00
42d 85% Credit: Enter amount from 2007 Form 306, line 13a . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42d.
00
42e. 90% Credit: Enter amount from your 2007 Form 306, line 13b . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42e.
42f. Total Coal Related Tax Credits allowable this year: Add Lines 42b,
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42c, 42d and 42e . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42f.
42g. 2007 coalfi eld employment enhancement tax credit earned to be used when completing your 2010 return.
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Enter amount from your 2007 Form 306, Line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42g.
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43.
Enterprise Zone Real Property Improvement Tax Credit . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43.
00
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44. Total Lines 19 Through 37, 38b, 39 Through 41, 42f and 43 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 44.
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