PVA-2                       BUILD WEST VIRGINIA PROPERTY VALUE                                                                                          West Virginia  
                                                                                                                                                        Tax Division
REV07/2023                 ADJUSTMENT TAX CREDIT FOR INDIVIDUALS

                                 IDENTIFICATION OF TAXPAYER CLAIMING CREDIT
  SSN/FEIN

  FIRST NAME                                                                    LAST NAME

BUSINESS NAME
                                                                  TAX PERIOD
  BEGINNING                                                                     ENDING
                      MM         DD         YYYY                                         MM DD                                                  YYYY
          BUSINESS IDENTIFICATION (Business/Entity that earned the credit if different from taxpayer)
  FIRST NAME                                                                    LAST NAME

BUSINESS NAME

  ADDRESS                                                                       CITY                                                            ZIP

       PROJECT INFORMATION (As certified by the West Virginia Department of Economic Development)
             You must include a copy of your certificate issued by the West Virginia Department of Economic Development 

A PROJECT COMPLETION DATE

B CERTIFIED COSTS

C REFUNDABLE CREDIT LIMITATION AMOUNT

                                            CALCULATION OF AVAILABLE CREDIT
1 CERTIFIED COSTS

2 MULTIPLY COSTS BY 60 PERCENT

3 AVERAGE STATEWIDE CLASS III PROPERTY TAX RATE FOR THE YEAR THE PROJECT 
  WAS COMPLETED (PER DOLLAR RATE)

4 MULTIPLY LINE 2 BY LINE 3

5 TOTAL PROPERTY VALUE ADJUSTMENT CREDIT (LINE 4 MULTIPLIED BY 10)

6 CREDIT AVAILABLE  FOR  USE  PER  TAX  YEAR (FOR 10  CONSECUTIVE  TAX  YEARS)  
  LINE 5 DIVIDED BY 10
                                            TAXPAYER SIGNATURE
Under penalty of perjury, I declare that I have examined this form and to the best of my knowledge and belief, it is true, correct and complete.

          Credit Schedule for reference 
SIGNATURE OF TAXPAYER                       NAME OF TAXPAYER (PRINT OR TYPE)                TITLE                                                   DATE

PERSON TO CONTACT CONCERNINGDoTHIS SCHEDULE Not Send forPHONE NUMBER                                                                                forms testing 

SIGNATURE OF PREPARER OTHER THAN TAXPAYER   PREPARER ADDRESS                                                                                        DATE

   SCHEDULE PVA-2 (continued) 

                                            PERSONAL INCOME TAXPAYERS 
    Beginning with the year in which construction of the property is completed, one tenth of the approved credit may be claimed.  
                                            Credit may NOT be carried back or carried forward.  
    Property Value Adjustment Credit allocated to this period in excess of credit applied to tax liability and refundable credit claimed is forfeited.

    WEST VIRGINIA PERSONAL INCOME TAX FILER (CHECK ONE)                                 RESIDENT NON-RESIDENT

7  WV APPORTIONED INCOME OF ENTITY WHICH EARNED THE CREDIT

8  BUSINESS OWNERSHIP PERCENTAGE EXPRESSED AS A DECIMAL TO SIX PLACES

9  BUSINESS SHAREHOLDER PORTION OF INCOME 
   (Line 7 multiplied by Line 8)
10 PRO-RATED CREDIT AVAILABLE TO BUSINESS SHAREHOLDER 
   (Line 6 multiplied byLine 8)
11 WV INCOME FOR CREDIT PURPOSES (IT-140 Filers use WV Adjusted Gross Income; Other 
   Filers must calculate an equivalent WV Gross Income)
12 QUALIFIED INCOME FRACTION (Expressed as a decimal to six places; Not greater than 1) 
   (Line 9 multiplied by Line 11)
13 WEST VIRGINIA INCOME TAX DUE 
   (From IT-140 Line 8)
14 TAX ELIGIBLE FOR OFFSET 
   (Line 12 multiplied by Line 13)
15 AMOUNT OF OTHER TAX CREDITS APPLIED

16 TAX LIABILITY AFTER OTHER CREDITS APPLIED
17 PRO-RATED PROPERTY VALUE ADJUSTMENT CREDIT APPLIED TO TAX LIABILITY 
   (Smaller of Line 10 or Line 16) Enter on IT-140RECAP 
18 REMAINING TAX CREDIT 
   (Line 10 minus Line 17)
19 REFUNDABLE CREDIT LIMITATION AMOUNT FROM PROJECT INFORMATION
20 BUSINESS SHAREHOLDER PORTION OF REFUNDABLE CREDIT
    (Line 19 multiplied by Line 8)
21 REFUNDABLE CREDIT USED IN PRIOR YEARS

22 AVAILABLE REFUNDABLE CREDIT 
   (Line 20 - Line 22)
   REFUNDABLE CREDIT CLAIMED (lesser of Line 18 or Line 22) 
   ENTER ON IT-140 LINE 19 

    Credit Schedule for reference 

                       Do Not Send for forms testing