2022 Virginia                Credit Computation Schedule 
Schedule 500CR                              for Corporations                                                                         *VACPCR122888*
Page 1

      See Page 6 and Form 500 Instructions for additional information on required enclosures.

Name as shown on Virginia return   _____________________________________________                                                     FEIN   _________________________________

Section 1 – Nonrefundable Credits

PART 1 – MAXIMUM NONREFUNDABLE TAX CREDITS
A  Enter the tax from Line 9, Form 500 
  The maximum total nonrefundable credits claimed in Section 2, Line 1B may not exceed this amount ............................1A                                               .00

PART 2 – NEIGHBORHOOD ASSISTANCE ACT (NAA) TAX CREDIT
A  Authorized amount of NEIGHBORHOOD ASSISTANCE ACT CREDIT  .........................A                                                    .00
B  Carryover credit from prior year(s) [enclose computation] ...................................................B                         .00
C  Maximum NAA credit available for the taxable year. Add Line A and Line B ....................... C                                     .00
D Credit allowable this year: Line C or balance of maximum credit available, whichever is less. ..................................... 2D                                        .00
E  Carryover credit to next year: Line C less Line 2D (if within the 5-year carryover period) ........ E                                  .00

PART 3 – ENTERPRISE ZONE ACT TAX CREDIT
Expired for taxable years beginning on or after January 1, 2020. Only Enterprise Zone Real Property Investment 
Tax Credit carryover amounts from prior years are allowed. Use the worksheet in the Schedule 500CR instructions to 
determine the carryover amount that can be used this year.
A   Nonrefundable credit allowable this year.................................................................................................................................3A .00

PART 4 – CONSERVATION TILLAGE EQUIPMENT TAX CREDIT – EXPIRED JANUARY 1, 2021
A  Reserved for Future Use ......................................................................................................A
B  Carryover credit from prior year(s) [enclose computation] ...................................................B                         .00
C  Add Line A and Line B ......................................................................................................... C      .00
D Credit allowable this year: Line C or balance of maximum credit available, whichever is less. ..................................... 4D                                        .00
E  Carryover credit to next year: Line C less Line 4D (if within the 5-year carryover period) ........ E                                  .00

PART 5 – BIODIESEL AND GREEN DIESEL FUELS TAX CREDIT
* A  Enter the amount of biodiesel fuel tax credit authorized by the Department 
  or the amount transferred to you in the current taxable year ...............................................A                           .00
B  Carryover credit from prior year(s) [enclose computation] ...................................................B                         .00
C  Add Line A and Line B ......................................................................................................... C      .00
D  Enter the total credit transferred to others in the current taxable year ................................ D                            .00
E  Subtract Line D from Line C .................................................................................................E         .00
F Credit allowable this year: Line E or balance of maximum credit available, whichever is less. ......................................                                       5F .00
G  Carryover credit to next year: Line E less Line 5F (if within the 3-year carryover period) .........G                                  .00

PART 6 – PRECISION FERTILIZER AND PESTICIDE APPLICATION EQUIPMENT TAX CREDIT – EXPIRED JANUARY 1, 2021
A  Reserved for Future Use ......................................................................................................A
B  Carryover credit from prior year(s) [enclose computation] ...................................................B                         .00
C  Add Line A and Line B ......................................................................................................... C      .00
D Credit allowable this year: Line C or balance of maximum credit available, whichever is less. ..................................... 6D                                        .00
E  Carryover credit to next year: Line C less Line 6D (if within the 5-year carryover period) ........ E                                  .00

      Enclose Schedule 500CR with your Virginia Corporation Income Tax Return, Form 500.
Va. Dept of Taxation  2601011-W  Rev. 07/22

2022 Virginia                 Name as shown on Virginia return _____________________________
Schedule 500CR                                                                                                                        *VACPCR222888*
                              FEIN  ____________________________
Page 2

 PART 7  – RECYCLABLE MATERIALS PROCESSING EQUIPMENT TAX CREDIT
 A  Enter 20% of qualifying recyclable equipment cost ..............................................................A                 .00
 B  Carryover credit from prior year(s). ......................................................................................B      .00
 C  Add Line A and Line B ......................................................................................................... C .00
 D  Enter 40% of tax per return. See instructions ...................................................................... D            .00
 E  Maximum credit: Enter the amount from Line C or Line D, whichever is less ......................E                                 .00
 F Credit allowable this year: Line E or balance of maximum credit available, whichever is less .......................................                      7F  .00
 G  Carryover credit to next year: Line C less Line 7F (if within the 10-year carryover period) ......G                               .00

 PART 8 – CLEAN-FUEL VEHICLE and VEHICLE EMISSIONS TESTING EQUIPMENT TAX CREDITS
*
 A  Carryover credit from prior year(s) [enclose computation] ...................................................A                    .00
 B CLEAN-FUEL VEHICLE TAX CREDIT allowable this year:
   Enter the amount from Line A or balance of maximum credit available, whichever is less. .............................................. 8B                     .00
 C  Carryover credit for next year: Line A less Line 8B (if within the 5-year carryover period) ........C                             .00
 D  Enter 20% of the purchase or lease price paid during the taxable year plus 
   any carryover credit from prior year(s) for qualified vehicle emissions testing equipment .. D                                     .00
 E VEHICLE EMISSIONS TESTING EQUIPMENT TAX CREDIT allowable this year:
   Enter the amount from Line D or balance of maximum credit available, whichever is less ................................................8E                     .00
 F  Carryover credit to next year: Line D less Line 8E (if within the 5-year carryover period) .........F                             .00

 PART 9 – MAJOR BUSINESS FACILITY JOB TAX CREDIT
 A Credit amount authorized by the Department (include all expansions) ...........................A                                   .00
 B  Carryover credit from prior years (include all expansions)  ..................................................B                   .00
 C  Add Line A and Line B ......................................................................................................... C .00
 D Credit allowable this year: Line C or balance of maximum credit available, whichever is less. ..................................... 9D                        .00
 E  Carryover credit to next year: Line C less Line 9D (if within the 10-year carryover period). ......... E                          .00

 PART 10 – RESERVED FOR FUTURE USE

 PART 11 – HISTORIC REHABILITATION TAX CREDIT
 A  Enter the amount of eligible expenses .................................................................................A          .00
 B  Enter 25% of the amount on Line A ......................................................................................B         .00
 C  Carryover credit from prior year(s) ...................................................................................... C      .00
 D  Add Line B and Line C ........................................................................................................ D  .00
 E Credit allowable this year: Line D or balance of maximum credit available, whichever is less
   (Each credit holder cannot claim more than $5 million) ...................................................................................................11E .00
 F  Carryover credit to next year: Line D less Line 11E (if within the 10-year carryover period) .....F                               .00

2022 Virginia                   Name as shown on Virginia return _____________________________
Schedule 500CR                                                                                                                              *VACPCR322888*
Page 3                          FEIN  ____________________________

  PART 12 – RESERVED FOR FUTURE USE

  PART 13 – WASTE MOTOR OIL BURNING EQUIPMENT TAX CREDIT
* A  Enter 50% of the purchase price paid during the taxable year for equipment used 
    exclusively for burning waste motor oil at your business facility ..........................................A                           .00
  B Credit allowable this year: Enter the lesser of $5,000 or the amount on Line A, not to exceed maximum credit available .. 13B                                                  .00

  PART 14 – RIPARIAN WATERWAY BUFFER TAX CREDIT
  A  Enter the credit amount authorized by the Virginia Department of Forestry ........................A                                    .00
  B  Carryover credit from prior year(s) [enclose computation] ...................................................B                         .00
  C  Add Line A and Line B ......................................................................................................... C      .00
  D Credit allowable this year: Line C or balance of maximum credit available, whichever is less .................................... 14D                                          .00
  E  Carryover credit to next year: Line C less Line 14D (if within the 5-year carryover period) ...... E                                   .00

  PART 15 – LAND PRESERVATION TAX CREDIT
  A  Enter the credit amount originating in 2022 or the amount of credit transferred 
    to you in 2022 .......................................................................................................................A .00
  B  Carryover credit from prior year(s) [enclose computation] ...................................................B                         .00
  C  Add Line A and Line B ......................................................................................................... C      .00
  D  Enter the total credit transferred to others in 2022 .............................................................. D                  .00
  E  Line C less Line D ................................................................................................................E   .00
  F Credit allowable this year: Line E or balance of maximum credit available, whichever is less. 
    (Not to exceed the limitation for each taxpayer. See instructions.) ..................................................................................                     15F .00
  G  Carryover credit to next year: Line E less Line 15F (see instructions for carryover period) .....G                                     .00

  PART 16 – VIRGINIA COAL EMPLOYMENT AND PRODUCTION INCENTIVE TAX CREDIT
  A  Reserved for Future Use ......................................................................................................A
  B  Reserved for Future Use ......................................................................................................B
  C  Carryover credit from prior year(s), if eligible for carryover credits. [enclose computation] ......... C                              .00
  D  Add Line B and Line C ........................................................................................................ D       .00
  E  Reserved for Future Use ......................................................................................................E
  F  Subtract Line E from Line D .................................................................................................F         .00
  G Credit allowable this year: Enter Line F or balance of maximum credit available, whichever is less 
    (Not to exceed $1 million) ................................................................................................................................................16G .00
  H  Carryover credit to next year: Line F less Line 16G (if eligible for carryover credits) ................ H                             .00

  PART 17 – COMMUNITY OF OPPORTUNITY TAX CREDIT
  A  Enter the credit amount authorized by the Department of Housing and 
    Community Development .....................................................................................................A            .00
  B  Carryover credit from prior year(s) .......................................................................................B           .00
  C  Add Line A and Line B ......................................................................................................... C      .00
  D Credit allowable this year: Enter amount from Line C or balance of maximum credit available, whichever is less ..... 17D                                                       .00
  E  Carryover credit to next year: Line C less Line 17D (if within the 5-year carryover period) ...... E                                   .00

2022 Virginia                 Name as shown on Virginia return _____________________________
Schedule 500CR                                                                                                                            *VACPCR422888*
                              FEIN  ____________________________
Page 4
PART 18 – GREEN JOB CREATION TAX CREDIT
A  Enter the total eligible credit amount for each annual salary of $50,000 or more. ...............A                                     .00
B  Carryover credit from prior year(s) .......................................................................................B           .00
C  Add Line A and Line B ......................................................................................................... C      .00
D Credit allowable this year: Enter amount from Line C or balance of maximum credit available, whichever is less ..... 18D                       .00
E  Carryover credit to next year: Line C less Line 18D (if within the 5-year carryover period) .......E                                   .00
PART 19 – FARM WINERIES AND VINEYARDS TAX CREDIT
A  Enter the total eligible credit amount ....................................................................................A           .00
B  Carryover credit from prior year(s) .......................................................................................B           .00
C  Add Line A and Line B ......................................................................................................... C      .00
D Credit allowable this year: Enter amount from Line C or balance of maximum credit available, whichever is less ............... 19D             .00
E  Carryover credit to next year: Line C less Line 19D (if within the 10-year carryover period) .....E                                    .00
PART 20 – INTERNATIONAL TRADE FACILITY TAX CREDIT
A  Enter the total eligible credit amount ....................................................................................A           .00
B  Carryover credit from prior year(s) .......................................................................................B           .00
C  Add Line A and Line B ......................................................................................................... C      .00
D  Enter 50% of the tax imposed on the taxpayer for the taxable year .................................... D                               .00
E  Maximum credit: Enter the amount on Line C or Line D, whichever is less .........................E                                     .00
F Credit allowable this year: Enter amount from Line E or balance of maximum credit available, whichever is less ......                      20F .00
G  Carryover credit to next year: Line C less Line 20F (if within the 10-year carryover period) ....G                                     .00
PART 21 – PORT VOLUME INCREASE TAX CREDIT
A  Enter the total credit amount originating in 2022 or the amount of credit transferred 
  to you in 2022 .......................................................................................................................A .00
B  Carryover credit from prior year(s) .......................................................................................B           .00
C  Add Line A and Line B ......................................................................................................... C      .00
D  Enter the credit amount earned during 2022 that was transferred to others ....................... D                                    .00
E  Line C less Line D ................................................................................................................E   .00
F Credit allowable this year: Enter amount from Line E or balance of maximum credit available, whichever is less ......                      21F .00
G  Carryover credit to next year: Line E less Line 21F (if within the 5-year carryover period) .......G                                   .00
PART 22 – BARGE AND RAIL USAGE TAX CREDIT
A  Enter the total eligible credit amount ....................................................................................A           .00
B  Carryover credit from prior year(s) .......................................................................................B           .00
C  Add Line A and Line B ......................................................................................................... C      .00
D Credit allowable this year: Enter amount from Line C or balance of maximum credit available, whichever is less ..... 22D                       .00
E  Carryover credit to next year: Line C less Line 22D (if within the 5-year carryover period) .... E                                     .00

PART 23 – LIVABLE HOME TAX CREDIT
A  Enter the total eligible credit amount ....................................................................................A           .00
B  Carryover credit from prior year(s) .......................................................................................B           .00
C  Add Line A and Line B ......................................................................................................... C      .00
D Credit allowable this year: Enter amount from Line C or balance of maximum credit available, whichever is less ... 23D                         .00
E  Carryover credit to next year: Line C less Line 23D (if within the 7-year carryover period) .... E                                     .00

2022 Virginia                 Name as shown on Virginia return _____________________________

Schedule 500CR                FEIN  ____________________________                                                                       *VACPCR522888*
Page 5

PART 24 – RESEARCH AND DEVELOPMENT EXPENSES TAX CREDIT
A  Enter the total eligible credit amount authorized by the Department ....................................A                           .00
B Credit allowable this year: Enter amount from Line A or balance of maximum credit available, whichever is less .... 24B                               .00
PART 25 – MAJOR RESEARCH AND DEVELOPMENT EXPENSES TAX CREDIT
A  Enter the total eligible credit amount authorized by the Department ....................................A                           .00
B  Carryover credit from prior year(s). ......................................................................................B        .00
C  Add Line A and Line B ......................................................................................................... C   .00
D Credit allowable this year: Enter amount from Line C or balance of maximum credit available, whichever is less. 
  (This amount cannot be more than 75% of tax on your return) ......................................................................................25D .00
E  Carryover credit to next year: Line C less Line 25D (if within the 10-year carryover period)...E                                    .00

PART 26 – EDUCATION IMPROVEMENT SCHOLARSHIPS TAX CREDIT
A  Enter the total eligible credit amount authorized by the Virginia Department of Education ..........A                               .00
B  Carryover credit from prior year(s). ......................................................................................B        .00
C  Add Lines A and B ............................................................................................................... C .00
D Credit allowable this year: Enter amount from Line C or balance of maximum credit available, whichever is less ....                               26D .00
E  Carryover credit to next year: Line C less Line 26D (if within the 5-year carryover period) ......... E                             .00

PART 27 – FOOD CROP DONATION TAX CREDIT
A  Enter the total eligible credit amount authorized by the Department ....................................A                           .00
B  Carryover credit from prior year(s) .......................................................................................B        .00
C  Add Line A and Line B ......................................................................................................... C   .00
D Credit allowable this year: Enter amount from Line C or balance of maximum credit available, whichever is less ....                               27D .00
E  Carryover credit to next year: Line C less Line 27D (if within the 5-year carryover period) .... E                                  .00

PART 28 – WORKER TRAINING TAX CREDIT
A  Enter the total eligible credit amount authorized by the Department ....................................A                           .00
B  Carryover credit from prior year(s) .......................................................................................B        .00
C  Add Line A and Line B ......................................................................................................... C   .00
D Credit allowable this year: Enter amount from Line C or balance of maximum credit available, whichever is less ....                               28D .00
E  Carryover credit to next year: Line C less Line 28D (if within the 3-year carryover period) .... E                                  .00

PART 29 – VIRGINIA HOUSING OPPORTUNITY TAX CREDIT
A  Enter the total eligible credit amount authorized by the Housing Development Authority ....A                                        .00
B  Carryover credit from prior year(s) .......................................................................................B        .00
C  Add Line A and Line B ......................................................................................................... C   .00
D Credit allowable this year: Enter amount from Line C or balance of maximum credit available, whichever is less ....                               29D .00
E  Carryover credit to next year: Line C less Line 29D (if within the 5-year carryover period) .... E                                  .00

Section 2 – Total Nonrefundable Credits
PART 1 – TOTAL NONREFUNDABLE TAX CREDITS
A  Add the amounts on Lines 2D, 3A, 4D, 5F, 6D, 7F, 8B, 8E, 9D, 11E, 13B, 14D,  
  15F, 16G, 17D, 18D, 19D, 20F, 21F, 22D, 23D, 24B, 25D, 26D, 27D, 28D, and 29D ..........A                                            .00
B  TOTAL NONREFUNDABLE CREDITS ALLOWABLE THIS YEAR: Enter the amount from Line A 
  or the amount from Section 1, Line 1A, whichever is less. Transfer this amount to Form 500, Line 10 ........................... 1B                    .00

 2022 Virginia                Name as shown on Virginia return _____________________________

 Schedule 500CR               FEIN  ____________________________                            *VACPCR622888*
 Page 6

 Section 3 – Refundable Credits

 PART 1 – COALFIELD EMPLOYMENT ENHANCEMENT TAX CREDIT
*
 A  100% Coalfield Employment Enhancement Tax Credit from 2022 Form 306D, Part II, Section 1, Line 1 ...........................                                           1A .00
 B  Full credit: Enter amount from 2022 Form 306D, Part II, Section 2, Line 3 ..............................................................................               1B .00
 C  85% credit: Enter amount from 2022 Form 306D, Part II, Section 3, Line 5 .............................................................................                 1C .00
 D Total Coalfield Employment Enhancement Tax Credit allowable this year: Add Lines 1B and 1C ...............................                                              1D .00

 PART 2 – MOTION PICTURE PRODUCTION TAX CREDITS
 A  Enter the credit amount authorized by the Virginia Film Office within the Virginia Tourism Authority ....................................                              2A .00

 PART 3 – RESEARCH AND DEVELOPMENT EXPENSES TAX CREDIT
 A  Enter credit amount authorized by the Department ......................................................................................................................3A .00

 PART 4 – AGRICULTURAL BEST MANAGEMENT PRACTICES TAX CREDIT
 A Credit allowable this year: (not to exceed $75,000) ........................................................................................................4A             .00

 PART 5 – CONSERVATION TILLAGE AND PRECISION AGRICULTURE EQUIPMENT TAX CREDIT
 A Credit allowable this year: Enter credit amount authorized by the Department (not to exceed $17,500) .......................5A                                             .00

 Section 4 – Total Refundable Credits

 PART 1 – TOTAL REFUNDABLE CREDITS
 A  Enter the total of Section 3, Lines 1D, 2A, 3A, 4A, and 5A here and on Form 500, Line 14 ..................................................                            1A .00

                                                  What to Enclose
                                           *

   The following enclosures should be included with your return when claiming the original credit. Computation schedules 
   are required when claiming a carried-forward credit. Missing enclosures may cause a credit to be disallowed.

   • Biodiesel and Green Diesel Fuels Tax Credit: The letter of certification from the Virginia Department of Taxation 
     authorizing the credit.

   • Vehicle Emissions Testing Equipment Tax Credit: Copy of your Air Check Virginia Station Participation and 
     Services Agreement or a copy of the Northern Virginia Analyzer Equipment Certification. For a copy of your service 
     agreement, contact Opus Inspection at (703) 822-7587. For a copy of the Analyzer Equipment Certification, 
     contact Air Check Virginia at (703) 583-3800.

   • Waste Motor Oil Burning Equipment Tax Credit: Approved Form 50-12 from the Department of Environmental 
     Quality, receipts, invoices, or other documentation to confirm purchase price paid.

   • Coalfield Employment Enhancement Tax Credit: Enclose Form 306D and additional pages, if applicable.