Tax Credit Online Calculator Now Available
Department of Revenue has developed a downloadable, Excel-based calculator for
the new inventory tax credit that we encourage all taxpayers and preparers to
utilize. The calculator will compute the tax on inventory that qualifies for the
tax credit. The calculator will also generate a completed Schedule INV and an
accompanying supporting worksheet that is required to be attached to the return
if using the calculator to compute the tax credit. For more information and to download the calculator, click here.