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This version of the form is not currently in use and is provided for reference only. Download this version of
Form 301
for the current year.
Form 301 Enterprise Zone Credit - Corporation Tax - Virginia
What Is Form 301?
This is a legal form that was released by the Virginia Department of Taxation - a government authority operating within Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form 301 Enterprise Zone Credit?
A: Form 301 Enterprise Zone Credit is a tax form used by corporations in Virginia to claim a credit for investments made within designated enterprise zones.
Q: What is the purpose of the Enterprise Zone Credit?
A: The purpose of the Enterprise Zone Credit is to encourage businesses to invest in designated enterprise zones in Virginia.
Q: Who can file Form 301 Enterprise Zone Credit?
A: Only corporations that have made qualified investments within designated enterprise zones in Virginia are eligible to file Form 301.
Q: What are qualified investments?
A: Qualified investments include capital expenses, job creation, and improvements made to real property within designated enterprise zones.
Q: How is the credit calculated?
A: The credit is calculated based on a percentage of the qualified investments made within designated enterprise zones.
Q: Can the credit be carried forward or carried back?
A: Yes, any unused credit can be carried forward for up to 10 years or carried back for up to 3 years.
Form Details:
- Released on August 1, 2016;
- The latest edition provided by the Virginia Department of Taxation;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form 301 by clicking the link below or browse more documents and templates provided by the Virginia Department of Taxation.
Download Form 301 Enterprise Zone Credit - Corporation Tax - Virginia
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