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2022 Virginia Modified Apportionment Schedule
Schedule 500AP for VEDP-Certified Companies *VACPAP122888*
Companies certified by the Virginia Economic Development Partnership (VEDP) that are eligible to apportion Virginia taxable
income using modified apportionment factors must use Schedule 500AP to determine the modified amount attributable to
Virginia prior to completing the apportionment schedule appropriate for their return type. The amount in Column C below
will be transferred to Column B of the applicable apportionment schedule (Schedule 500A, 500AC, or 502A), to be used as
the numerator of the ratio when calculating the apportionment percentage that will be used to compute the income subject
to taxation in Virginia. See the instructions prior to completing this form.
* NOTE: An eligible company that transacts or conducts its entire business within Virginia must complete the appropriate
apportionment schedule and its income tax return as if it is a multistate company. See the instructions for Schedule 500A
or Form 502 for additional information.
Name as shown on Form 500 or Form 502 FEIN
Certification Number From VEDP
Qualification year: 1st 2nd 3rd 4th 5th 6th 7th
Business is conducted (check one): Within and without Virginia (multistate) Entirely within Virginia (in-state)*
Modified Virginia Apportionment Factor Computation
Column A Column B Column C
Apportionment Method Qualified
Modified
All of Virginia Virginia
Virginia
Localities
Part I – Single Factor Apportionment
1. Motor Carriers. Report amounts in Column A and Column B
according to the instructions. Subtract Column B from Column A.
Enter the result in Column C .............................. 00 00 00
2. Financial Corporations. Report amounts in Column A and Column B
according to the instructions. Subtract Column B from Column A.
Enter the result in Column C ............................... 00 00 00
3. Construction Corporations. Report amounts in Column A and
Column B according to the instructions. Subtract Column B from
Column A. Enter the result in Column C ..................... 00 00 00
4. Railway Companies. Report amounts in Column A and Column B
according to the instructions. Subtract Column B from Column A.
Enter the result in Column C ............................... 00 00 00
5. Retail Companies. Report amounts in Column A and Column B
according to the instructions. .............................. 00 00 $0 00
6. Manufacturing Companies. Report amounts in Column A and
Column B according to the instructions ...................... 00 00 $0 00
7. Enterprise Data Center Operations. Report amounts in Column A
and Column B according to the instructions. . . . . . . . . . . . . . . . . . . 00 00 $0 00
Part II – Multi-Factor Apportionment
8(a). Property. Report amounts in Column A and Column B according
to the instructions. Subtract Column B from Column A. Enter the
result in Column C ................................... 00 00 00
8(b). Payroll. Report amounts in Column A and Column B according
to the instructions. Subtract Column B from Column A. Enter the
result in Column C ................................... 00 00 00
8(c). Sales. Report amounts in Column A and Column B according to
the instructions ...................................... 00 00 $0 00
Va. Dept. of Taxation 2601122-W Rev. 07/22
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