Every taxpayer who claims credit under this article shall maintain sufficient records to establish the following facts for each item of certified eligible safety property:
(1) Its identity;
(2) Its actual or reasonably determined cost;
(3) Its straight-line depreciation life;
(4) The month and taxable year in which it was placed in service;
(5) The amount of credit taken; and
(6) The date it was disposed of or otherwise ceased to be actively and directly used in a coal mine in this state.
Structure West Virginia Code
Article 13BB. West Virginia Innovative Mine Safety Technology Tax Credit Act
§11-13BB-2. Legislative Findings and Purpose
§11-13BB-4. List of Approved Innovative Mine Safety Technology
§11-13BB-5. Amount of Credit Allowed
§11-13BB-6. Qualified Investment
§11-13BB-7. Forfeiture of Unused Tax Credits
§11-13BB-8. Transfer of Certified Eligible Safety Property to Successors
§11-13BB-9. Identification of Investment Credit Property
§11-13BB-10. Failure to Keep Records of Certified Eligible Safety Property
§11-13BB-11. Tax Credit Review and Accountability