NIPA-2: Neighborhood Investment Program Credit Schedule (Revision 2016-01)
West Virginia · WV Tax Division · Used for tax years 2026
West Virginia Form WV/NIPA-2 calculates the Neighborhood Investment Program credit allowable against corporate net income, fiduciary income, or personal income tax. It lists credits by project number and includes Schedule A to track credit carryovers, amounts used, and remaining
Who files this form
WV/NIPA-2 calculates the West Virginia Neighborhood Investment Program credit. It includes sections for businesses claiming the credit against corporate net income, fiduciary income, or personal income tax, and a separate personal income tax section for individuals.
The schedule also includes entries for partners, S corporation shareholders, and beneficiaries. It does not state a general filing requirement.
What you'll need
The schedule calls for these forms and details, as applicable:
- Your name, tax ID or Social Security number, and tax period.
- Project numbers and the credit amount for each project.
- Carryover details for Schedule A, including each project's beginning year, credit carryover, amounts used previously, amount used this year, and remaining unused credit.
- Your total corporate net income tax or fiduciary income tax for the relevant section.
- Form IT-140 for your total West Virginia personal income tax.
- Your share of profit or loss, stated as a decimal, where requested.
Questions people ask
How is the total allowable credit calculated?
Add the project credit amounts on line 1 and the carryover amount on line 2. Enter that total on line 3. Line 4 is the smaller of line 3 or $100,000.
Can the credit cover my entire tax amount?
Each tax section calculates a credit limit equal to 50% of the total tax entered in that section. The credit claimed is the smaller of that limit or the applicable credit amount calculated on the schedule.
Where do I enter credit carried over from earlier years?
Complete Schedule A on page 2. Line 2 on page 1 calls for the amount carried forward from Schedule A, column 3.
Which section do individuals use?
The separate Individuals section is on line 8. Enter your total West Virginia personal income tax from Form IT-140 on line 8a, calculate 50% on line 8b, and copy line 4 to line 8c. Line 8d is the smaller of lines 8b and 8c.