Enlarge image | SCHEDULE NATURAL GAS LIQUIDS West Virginia NGL-2 PROPERTY TAX ADJUSTMENT CREDIT State Tax Department REV09-2021 Claims against Personal Income Tax (For tax periods beginning on or after July 1, 2020) SECTION A: TAXPAYER IDENTIFICATION NORTH AMERICAN INDUSTRY 1 SSN WV TAX ID CLASSIFICATION SYSTEM CODE (Enter 6-digit NAICS Code Number) TAX PERIOD 2 BEGINNING ENDING MM DD YYYY MM DD YYYY NAME OF TAXPAYER 3 ADDRESS 4 CITY STATE ZIP SECTION B: BUSINESS IDENTIFICATION Credit Information from NGL-1 NORTH AMERICAN INDUSTRY 1 FEIN WV TAX ID CLASSIFICATION SYSTEM CODE (Enter 6-digit NAICS Code Number) 2 BUSINESS OR PASS-THROUGH ENTITY TAX YEAR MM DD YYYY NAME OF BUSINESS OR PASS-THROUGH ENTITY 3 ADDRESS 4 CITY STATE ZIP 5 WEST VIRGINIA APPORTIONMENT FACTOR OF PASS-THROUGH ENTITY , IF APPLICABLE. (EXPRESS AS A DECIMAL TO SIX PLACES; FROM FORM PTE-100) 6 NATURAL GAS LIQUIDS PROPERTY TAX ADJUSTMENT CREDIT AVAILABLE TO BE APPLIED TO PERSONAL INCOME TAX. (SECTION B, LINE 10 FORM NGL-1) SECTION C: CLAIMING THE CREDIT 1 BUSINESS OWNERSHIP PERCENTAGE EXPRESSED AS DECIMAL TO SIX PLACES 1 (FOR PASS-THROUGH ENTITIES FEDERAL FORM 1120S, SCHEDULE K-1) 2 BUSINESS ORDINARY INCOME (FOR PASS-THROUGH ENTITIES FEDERAL FORM 1120S, SCHEDULE K-1) 2 3 WEST VIRGINIA APPORTIONED BUSINESS ORDINARY INCOME (SECTION B, LINE 5 TIMES SECTION C, LINE 2) 3 4 CREDIT AVAILABLE TO BUSINESS SHAREHOLDER (SECTION B, LINE 6 TIMES SECTION C ,LINE 1) 4 5 WEST VIRGINIA PERSONAL INCOME TAX FILER (CHECK ONE) RESIDENT NON-RESIDENT/PART-YEAR RESIDENT 6 WEST VIRGINIA INCOME FOR CREDIT PURPOSES (IT-140 FILERS USE WEST VIRGINIA ADJUSTED GROSS INCOME, 6 OTHER FILERS MUST CALCULATE AN EQUIVALENT WEST VIRGINIA GROSS INCOME 7 QUALIFIED INCOME FRACTION (LINE 3 DIVIDED BY LINE 6 7 (EXPRESS AS DECIMAL TO SIX PLACES; NOT GREATER THAN 1.0) 8 WEST VIRGINIA INCOME TAX 8 9 TOTAL OF OTHER TAX CREDITS APPLIED TO PERSONAL INCOME TAX 9 10 ADJUSTED PERSONAL INCOME TAX 10 11 TAX ATTRIBUTABLE TO QUALIFIED BUSINESS (LINE 8 TIMES LINE 7) 11 12 AMOUNT OF TAX CREDIT APPLIED (LESSOR OF PART II LINE 4, 10 OR 11) 12 - 1 - |