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2011

CNF-120

Summary of Corporation Net Income Tax/

Business Franchise Tax Credits

REV 8-11

NaME

FEIN

This form is used by corporations to summarize the tax credits that they claim against their corporate net income tax and/

or 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 credit that can be claimed. both this summary form and the appropriate credit cal-

culation schedule(s) or form(s) must be attached to you return in order to claim a tax credit.

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 CREDiTS

COLUMN 1

COLUMN 2

THE TOTAL AMOUNT OF CREDIT FOR EITHER TAX

APPLICABLE TO

CANNOT EXCEED THE TAX LIABILITY FOR THAT TAX

BUSINESS FRANCHISE TAX

CORPORATE INCOME TAX

.00

1. Subsidiary Credit (§11-23-17(c)) – Schedule a-1, Form CNF-120.....

2. Business & Occupation Tax Credit (§11-23-17(b)) – Schedule a-2,

.00

Form CNF-120....................................................................................

3. Research and development Projects Credit (§11-13d-3(f)) –

.00

Schedule R & d*................................................................................

4. Strategic Research and development Tax Credit (§11-13R) –

.00

Schedule WV/SRdTC-1.....................................................................

5. High-Growth Business Investment Tax Credit (§11-13u-4) –

.00

Schedule WV/HGBITC-1....................................................................

6. Business Investment & Job Expansion Credit (§11-13C),

.00

Form WV/BCS-a, and WV/BCS-1 or WV/BCS-Small*,**.........

.00

7. Economic Opportunity Tax Credit (§11-13Q) –Schedule WV/EOTC-1

.00

8. Industrial Expansion/Revitalization Credit (§11-13d) Schedule I *....

9. Manufacturing Investment Tax Credit (§11-13S) –

.00

Schedule WV/MITC-1.....................................................

10. Residential Housing development Projects Credit (§11-13d) –

.00

Schedule O *....................................................................................

.00

11. Coal Loading Facilities Credit (§11-13E) – Schedule C...................

12. Historic Rehabilitated Buildings Investment Credit (§11-24-23a) –

.00

Schedule RBIC................................................................................

13. West Virginia Neighborhood Investment Program Credit (§11-13J) –

.00

Form WV/NIPa-2.............................................................................

14. Environmental agricultural Equipment Tax Credit (§11-13K) –

.00

Form WV/aG-1.................................................................................

15. Electric and Gas utilities Rate Reduction Credit (§11-24-11) –

.00

Schedule L.......................................................................................

16. Telephone utilities Rate Reduction Credit (§11-24-11a) –

.00

Schedule K.......................................................................................

.00

17. West Virginia Military Incentive Credit (§11-24-12) – Schedule J....

.00

18. aerospace Industry Facility Credit (§11-13d-3f) – Form WV/aIF-1*

Continued on the next page. . .

*B30201108W*

Form Cnf-120tc - West Virginia Summary Of Corporation Net Income Tax/ Business Franchise Tax Credits - 2011

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