Manufacturing Property Tax                                                                         West Virginia 
                                                                                                                                                                            State Tax 
WV/MPTAC-1                  Adjustment Credit
Rev. 10/15                  (For periods AFTER January 1, 2015)                                                             Department
Business                                                             Identification 
Name                                                                 Number

           TAx PERiod                                   To
                      MM dd YYYY                                     MM               dd                                YYYY
In order to claim a Manufacturing Property Tax Adjustment Credit, the claimant must be a manufacturer that also paid Ad 
Valorem Property Tax on manufacturing inventory to one or more West Virginia Counties during the taxable year.
Manufacturing Property Tax Adjustment Credit Calculation
1.    North American Industry Classification System (NAICS) Code and Description
       Code (Enter 6-digit NAICS Code number)....................................................................$
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2.     Available Credit – Amount of West Virginia Ad Valorem Property Tax Paid on 
the Value of Manufacturing Inventory During the Tax year (Enter the sum of the 
amounts on Line 18 of the attached Annual Schedule(s). Credit claims without 
completed Annual Schedule(s) will be denied)............................................................ $

3.     Corporation Net Income Tax Liability............................................................................$

4.     Total of other tax credits applied against the Corporation Net Income Tax..................$

5.     Adjusted Corporation Net Income Tax Liability (Line 3 minus line 4)........................... $
6.     Manufacturing Property Tax Adjustment Credit to be applied against Corporation 
Net Income Tax Liability (Enter the smaller of: (a) the amount on Line 2; or (b) the 
amount on Line 5. Also, enter the value on Summary of Corporation Net Income Tax 
Credits (Form CNF-120TC)......................................................................................... $

Under penalties of perjury, I declare that I have examined this credit claimed form (including accompanying schedules and 
statements) and to the best of my knowledge it is true, and complete.

Signature of Taxpayer                                 Name of Taxpayer: Type or Print                                  Title                                         Date

Person to Contact of Concerning this Return                                                                                                                     Telephone Number

Signature of Preparer other than Taxpayer             Address                                                             Title                                         Date

Schedule WV/MPTAC-1
                                                                                                                                                                            Page 1 of 2
Rev. 10/15

Ad Valorem Property Tax on manufacturing inventory paid to West Virginia Counties during the taxable: Each tax 
payment (e.g., full-year, first-half, second-half) made during the Corporation Net Income Tax taxable year (not the 
Property Tax taxable year) must be listed separately. Also, information from each individual Property Tax state-
ment included in a single payment must be listed separately.
                                                          Tax Payment No. ____ Tax Payment No. ____           Tax Payment No. ____
1.    Name of business/affiliate paying 
West Virginia Property Tax on 
manufacturing inventory.......................
2.    West Virginia County to which tax was 
paid......................................................
3.    West Virginia Municipality in which 
inventory is located if applicable..........

4.    Property Tax Year.................................

5.    Property Tax Ticket Number.................

6.    Value of Raw Materials*.......................

7.    Value of Goods in Process*.................

8.    Value of Finished Goods*.....................
9.    Sub-total (Add the amount on lines 6, 
7, and 8)...............................................

10.  Value of FreePort Exemption*..............
11.  Value of Manufacturing Inventory 
(Amount on line 9 less the amount on 
line 10).................................................
12.  Property Tax Manufacturing Inventory 
Assessment Factor of 60% (decimal 
equivalent = 0.60)................................        x .60                x .60                          x .60
13.  Manufacturing Inventory Assessment 
(Amount on Line 11 times the 
Assessment Factor on Line 12)...........

14.  Property Tax Rate (Cents per $100)....

15.  Full-Year Manufacturing Inventory Tax
(If the value of Line 14 is greater than or equal to 10, divide the amount on Line 13 by 100 and then multiply that quantity by the 
amount on Line 14 divided by 100. Otherwise, if the value on Line 14 is less than 10, divide the amount on Line 13 by 100 and then 
multiply that quantity by the amount on Line 14.)

16.  If full-year tax was paid during the tax 
year, enter 1.0; if one-half year tax 
was paid, enter 0.5; otherwise 0.0.......
17.  Manufacturing Inventory Tax Paid 
(Amount on Line 15 multiplied by the 
value from Line 16)..............................

18.  Total Manufacturing Inventory Tax Paid, as reported on this page (sum of the values on Line 17)..........

*As reported on Industrial Business Property Return (Form STC 12:32I)

Schedule WV/MPTAC-1
                                                                                                              Page 2 of 2
Rev. 10/15