Form Wrc - Virginia Department Of Taxation Worker Retraining Tax Credit Application

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Form WRC
Tax Year Ending
Virginia Department of Taxation
1901042 07/00
Worker Retraining Tax Credit Application
___________, ____
See the separate instructions before completing this form.
Name
Official Use Only
Business Type:
Credit Requested: $________________
“ Corporation
Credit Granted: $_________________
Trading As
Date: ___________________________
“ S Corp
Street address
Federal Employer Identification Number
“ Sole Prop
or Social Security Number
Street address (2nd line)
“ Partnership
City, State, ZIP
Virginia Account Number
“ Ltd Liability Co
File by April 1. This credit must be approved before being claimed on your return.
The Worker Retraining Tax Credit allows an employer to claim a tax credit for the training costs of providing eligible worker retraining to
qualified employees for taxable years beginning on or after January 1, 1999. Eligible worker retraining includes noncredit courses
provided by any of the Commonwealth’ s community colleges or a private school, and credit or noncredit worker retraining courses
undertaken through an apprenticeship agreement approved by the Virginia Apprenticeship Council. The credit is 30% of all training costs
through a community college, or up to $100 annual credit per student if incurred at a private school. If the total worker retraining credits
approved exceed $2.5 million, each will be prorated. The credit is allowable against individual income tax, estate and trust tax,
corporation income tax, bank franchise tax and taxes imposed upon insurance companies, and utility companies (under Sections 58.1-2500
et. seq. and Section 58.1-2620 et seq., Code of Virginia). This credit is nonrefundable, but excess credit may be carried forward for the
next three taxable years.
Approval of courses and apprenticeship programs is required. See instructions for details, including when and where to file.
Application is based on noncredit courses and apprenticeship program: Complete Parts I, II and III below. File Form WRC with
Virginia Department of Business Assistance.
Application is based only on noncredit courses: Complete Parts I and II below. File with Department of Business Assistance.
Application is based only on an apprenticeship program: Complete Part I and III below. File with Department of Taxation.
Part I - Description of business activities
Describe the principle activity of your business and enter its Standard Industrial Code (SIC):_________________________________
___________________________________________________________________________________________________________
___________________________________________________________________________________________________________
PART II - Tax Credit Based On Noncredit Courses From A Community College Or Private School
Complete Schedule 1 (Form WRC), then enter the total number of courses for which this credit will be claimed and the total credit
requested. Complete a separate Schedule 1 for each noncredit course. See instructions for more information.
Total number of courses
Total tax credit requested
Total tax credit requested for noncredit courses
(Form WRC, Sch. 1, Col. D)
from Schedule 1 (Form WRC). . . . . . . . . . . . . . . . .
___________________ ____________________________
PART III - Tax Credit Based On Apprenticeship Programs
Complete Schedule 2 (Form WRC), then enter the name of each apprenticeship program approved by the Virginia Apprenticeship Council
for which this credit will be claimed and the total cost and credit requested.
Program Name
Total number of programs Total credit requested
_________________________________________
(Form WRC, Sch. 2, Col. D)
_________________________________________
_________________________________________ _____________________
______________________
Declaration: I, the undersigned officer or other person authorized to act on behalf of the business entity, have read and understand
the limitations and restrictions set forth for this credit and credit application.
Taxpayer
Printed Name
Signature
Title
Date
Phone number
Tax Preparer
Information
Printed Name
Signature
Title
Date
Phone number
Preparer’ s Address
: ___________________________________________________________________________________________________________

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