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Virginia Free Printable Form PTE - Virginia Pass-Through Credit Allocation for 2024 Virginia Pass-Through Credit Allocation

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Pass-Through Credit Allocation
Form PTE - Virginia Pass-Through Credit Allocation

Virginia Form PTE Virginia Pass-Through Credit Allocation *VA0PTC123888* INSTRUCTIONS: Use this form to allocate a tax credit to the taxpayers listed in Section II. All businesses in Section II should be registered with the Department before completing Form PTE. If you are not registered, use iReg online or complete Form R-1. The information in Section II may be submitted as an enclosure provided that the enclosure lists only the required information. Any pass-through entity listed in Section II must complete a separate Form PTE. Allocations must be shown in whole dollars and the total allocations listed in Section II must equal the amount shown in Section I, Line G. To avoid delays at the time of annual return processing, Form PTE should be filed within 30 days of certification, but at least 90 days prior to the participants (listed in Section II) filing their income tax returns. Ensure that the information provided on this form is accurate. Documentation will be required for any changes. All credits must be allocated by percentage of ownership or participation in the passthrough entity except for the Historic Rehabilitation Credit, Qualified Equity and Subordinated Debt Investments Tax Credit, Research and Development Expenses Tax Credit, Major Research and Development Expenses Tax Credit, and Virginia Housing Opportunity Tax Credit. Form PTE cannot be used to allocate PTET credits. See the Form 502PTET Instructions for information on how to allocate PTET credits. Mail Form To: Virginia Department of Taxation Tax Credit Unit P.O. Box 715 Richmond, VA 23218-0715 –or– Fax to: (804) 774-3902 For assistance, call (804) 786-2992. You must enclose a copy of your certificate. A separate Form PTE must be completed for each certificate. Section I – Credit Information A) Pass-Through Entity FEIN D) Type of Filer  Fiscal B) Pass-Through Entity (Entity Filing Form) Name E) Disregarded Entity  Calendar  Yes  F) Tax Year C) If Subsidiary, Enter Parent’s FEIN G) Amount Granted/Allocated H) Certificate Number, if Applicable .00  No I) Credit Type - Check One (AB) Agricultural Best Management (FC) Food Crop Donation (MR) Major Research & Development (RD) Research & Development (BR) Barge & Rail Usage (GJ) Green Job Creation (MP) Motion Picture (RB) Riparian Forest Buffer (CO) Community of Opportunity Program (HR) Historic Rehabilitation (NA) Neighborhood Assistance (WT) Worker Training (IT) International Trade Facility (PV) Port Volume Increase (VH) Virginia Housing Opportunity (ES) Education Improvement Scholarships (LV) Livable Home (ED) Qualified Equity and Subordinated Debt (OT) Other (WV) Farm Wineries & Vineyards (MB) Major Business (CT) Conservation Tillage and Precision Agriculture ___________________ (RM) Recyclable Materials Section ll – Credit Allocation - ALL BUSINESSES MUST BE REGISTERED SSN / FEIN 1 Street Address or P.O. Box SSN / FEIN 2 4 5 Street Address or P.O. Box Amount .00 City, State, ZIP Code Name Amount .00 City, State, ZIP Code Name Street Address or P.O. Box SSN / FEIN .00 Name Street Address or P.O. Box SSN / FEIN Amount City, State, ZIP Code Street Address or P.O. Box SSN / FEIN 3 Name Amount .00 City, State, ZIP Code Name Amount .00 City, State, ZIP Code TOTAL Must equal the amount shown in Section I, Line G .00 Section lll – Authorized Signature - Must be signed by an authorized representative of the entity. Authorized Signature of Representative Print Name Title Telephone Number Email Va. Dept. of Taxation  2601430-W  Rev. 09/23 Date Fax Number
Extracted from PDF file 2023-virginia-form-pte.pdf, last modified September 2023

More about the Virginia Form PTE Corporate Income Tax Tax Credit TY 2023

We last updated the Pass-Through Credit Allocation in February 2024, so this is the latest version of Form PTE, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form PTE directly from TaxFormFinder. You can print other Virginia tax forms here.

Related Virginia Corporate Income Tax Forms:

TaxFormFinder has an additional 135 Virginia income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the Virginia Form PTE.

Form Code Form Name
Form Waiver Request PTE Electronic Filing Waiver Request

Download all VA tax forms View all 136 Virginia Income Tax Forms


Form Sources:

Virginia usually releases forms for the current tax year between January and April. We last updated Virginia Form PTE from the Department of Taxation in February 2024.

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Form PTE is a Virginia Corporate Income Tax form. States often have dozens of even hundreds of various tax credits, which, unlike deductions, provide a dollar-for-dollar reduction of tax liability. Some common tax credits apply to many taxpayers, while others only apply to extremely specific situations. In most cases, you will have to provide evidence to show that you are eligible for the tax credit, and calculate the amount of the credit to which you are entitled.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of Virginia Form PTE

We have a total of thirteen past-year versions of Form PTE in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form PTE

Form PTE - Virginia Pass-Through Credit Allocation

2022 Form PTE

2021 Form PTE - Virginia Pass-Through Credit Allocation

2021 Form PTE

2021 Form PTE - Virginia Pass-Through Credit Allocation

2020 Form PTE

Form PTE - Virginia Pass-Through Credit Allocation

2019 Form PTE

Form PTE - Virginia Pass-Through Credit Allocation

2018 Form PTE

Form PTE - Virginia Pass-Through Credit Allocation

2017 Form PTE

Form PTE - Virginia Pass-Through Credit Allocation

2016 Form PTE

Form PTE - Virginia Pass-Through Credit Allocation

PTE - Pass-Through Credit Allocation 2015 Form PTE

2015 PTE WEB 12 16 15.indd

2011 Form PTE

PTE final 03 13 12.indd


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