Virginia Form Rdc - Application For Research And Development Expenses Tax Credit printable pdf download

Application for Research and Development

VIRGINIA

Tax Year

Form RDC

Expenses Tax Credit

___________

Submit this form by April 1.

This credit must be approved before being claimed on your return. See instructions for details.

Name

FEIN

Trading As

Contact Name

Street Address

Office Use Only

City, State, ZIP Code

Phone Number

FAX Number

Entity Type: (Check One)

Sole Proprietor

C Corporation

S Corporation

Partnership

LLC

Other

You may be able to claim a credit for certain qualified research and development expenses. Any taxpayer that is allowed a research and

development expenses tax credit is not allowed to use the same expenses as the basis for claiming any other Virginia tax credit.

The credit amount you request will equal:

•

15 percent of the first $167,000 in Total Virginia Qualified Research and Development Expenses (Column A below)

- OR -

•

20 percent of the first $175,000 of Virginia Qualified Research and Development Expenses conducted in conjunction with a Virginia

public or private college or university (Column B below). Attach a copy of the agreement.

Name of college or university

To compute your credit, complete Lines 1-6 below. Enter all Virginia qualified research and development amounts in Column A. If any

portion of Virginia qualified research and development was conducted in conjunction with a Virginia public college or university, enter

those amounts in Column B. Amounts reported on Lines 1-3 of Column A must include any expenses reported on Lines 1-3 of Column B.

All Qualified Research and

College and University

Credit Calculation. Round to the nearest whole dollar.

Development

Related Research and

(From Sch. A, Column C)

Development

(From Sch. A, Column D)

1. Virginia qualified research and development expenses. Enter amount

paid or incurred during the taxable year (from Schedule A of Form RDC).

.00

2. Virginia base amount for the taxable year.

.00

3. Adjusted expenses amount. Subtract Line 2 from Line 1.

4. Total Eligible Research Expenses: Enter in Column A the lesser of

$167,000 or the amount from Line 3, Column A.

Eligible College and University Research Expenses: Enter in Column

.00

B the lesser of $175,000 or the amount from Line 1, Column B.

5. Credit Computation: Multiply Line 4, Column A by .15 and enter in

Column A. Multiply Line 4, Column B by .2 and enter in Column B.

.00

6. Credit Requested. Enter the larger of Line 5, Column A or Line 5, Column B.

Do you conduct research and development in Virginia on human cells or tissue derived from induced abortions or from stem cells obtained

from human embryos?

Yes

I (we) the undersigned declare, under the penalties provided by law, that this form (including any accompanying schedules, statements, and attachments)

has been examined by me (us) and is, to the best of my (our) knowledge and belief, a true, correct, and complete application, made in good faith pursuant

to the income tax laws of the Commonwealth of Virginia.

Authorized Signature

Title

Date

Printed Name

Phone Number

E-mail Address

FAX Number

File Form RDC and supporting documentation no later than April 1.

Rev 01/12 3101050