PART W - BUSINESS TAX CREDIT SUMMARY
This part is used to summarize all available nonrefundable tax credits reported on this form. If the total credits available in a particular tax year exceed the State income tax developed for that year, the excess may not be refunded.
Taxpayers will enter their respective current year credits in lines 1 through 22 of Part W, with the following exceptions: • No entry is to be made on lines 2, 8, 12, 14 and 21 because the credits to which they relate are refundable credits and will be claimed on Part Y.
Form 500CR Instructions