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Virginia Free Printable Form 306T - Allocation of Virginia Coal Employment and Production Incentive Tax Credit Between Interested Parties for 2021 Virginia Allocation of Coal Employment and Production Incentive Tax Credit Between Interested Parties

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Allocation of Coal Employment and Production Incentive Tax Credit Between Interested Parties
Form 306T - Allocation of Virginia Coal Employment and Production Incentive Tax Credit Between Interested Parties

Virginia Form 306T Allocation of Virginia Coal Employment and Production Incentive Tax Credit Between Interested Parties *VA306T119888* Use this form to complete Schedule 306C. Enclose all Forms 306T with Form 306. Original Credit Allocation Agreement. Amendment of an existing Credit Allocation Agreement (include copy of original Form 306T that this form amends). Section I – Sale Information A)  Date of Original Sale B)  Invoice Number C)  Number of Tons Sold D)  Total Amount of Credit (not to exceed $3 per ton) $ .00 Section II – Transferor Information (Electricity Generator) A)  Entity Type - Check One   Individual Taxpayer  Corporation   Multiple Taxpayers   Pass-Through Entity  Nonprofit  Trust   Other Entity - Specify______________________________________ B) Name C)  Identification Number FEIN D)  Street Address or P.O. Box Number City E)  Contact Name, If Different from Above State ZIP Code F)  Phone Number Section III – Transferee Information (Person with Economic Interest in Coal) A)  Entity Type - Check One   Individual Taxpayer   Corporation   Multiple Taxpayers   Pass-Through Entity   Nonprofit   Trust   Other Entity - Specify_____________________________________ C)  Identification Number B) Name D)  Street Address or P.O. Box Number City State E)  Contact Name, If Different From Above F)  Phone Number G)  Name of Mine H)  Location of Mine  SSN   FEIN ZIP Code Section IV – Allocation of Tax Credits $ .00 ‑ $ .00 C) Credit amount to be allocated to the person with an economic interest in the coal (Line A minus Line B) = $ .00 A) Total credit amount attributable to the coal transaction B) Credit retained by electricity generator Section V – Declaration and Signatures Each of the undersigned representatives of the Transferor and Transferee declares, under the penalties provided by law, that (i) this form (including any accompanying schedules and statements) has been examined by me and is, to the best of my knowledge and belief, true, correct, and complete, made in good faith pursuant to the income tax laws of the Commonwealth of Virginia; and (ii) no coal described above has been or will be used as the basis for claiming a Coalfield Employment Enhancement Tax Credit or a Virginia Coal Employment and Production Incentive Tax Credit except as allocated or retained above. I authorize the Department of Taxation to discuss my allocation form with the contact person listed in Section II or III and any person listed as my return preparer, if applicable. Signature of Representative for Transferor Print Name Address of Representative for Transferor Signature of Representative for Transferee Address of Representative for Transferee Va. Dept. of Taxation  2601431-W  Rev. 08/19 Date Phone Number Print Name Date Phone Number
Extracted from PDF file 2020-virginia-form-306t.pdf, last modified August 2019

More about the Virginia Form 306T Corporate Income Tax Tax Credit TY 2020

We last updated the Allocation of Coal Employment and Production Incentive Tax Credit Between Interested Parties in April 2021, so this is the latest version of Form 306T, fully updated for tax year 2020. You can download or print current or past-year PDFs of Form 306T directly from TaxFormFinder. You can print other Virginia tax forms here.

Other Virginia Corporate Income Tax Forms:

TaxFormFinder has an additional 135 Virginia income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form 770 VA Fiduciary Income Tax Return
Form 500V 500V - Corporation Income Tax Payment Voucher
Form 502 Pass-Through Entity Return of Income
Form 500 Corporate Income Tax Return
Form 770IP Virginia Fiduciary and Unified Nonresident Automatic Extension Payment

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 306T from the Department of Taxation in April 2021.

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Form 306T 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 306T

We have a total of ten past-year versions of Form 306T in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2020 Form 306T

Form 306T - Allocation of Virginia Coal Employment and Production Incentive Tax Credit Between Interested Parties

2019 Form 306T

Form 306T - Allocation of Virginia Coal Employment and Production Incentive Tax Credit Between Interested Parties

2018 Form 306T

Form 306T - Allocation of Virginia Coal Employment and Production Incentive Tax Credit Between Interested Parties

2017 Form 306T

Form 306T - Allocation of Coal Employment and Production Incentive Tax Credit Between Interested Parties

2016 Form 306T

Form 306T - Allocation of Coal Employment and Production Incentive Tax Credit Between Interested Parties


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