The Legislature finds that production of value-added steel products is very important to the economy of this state and that a sound economy is in the public interest and promotes the general welfare of the people of this state. In order to encourage capital investment in this state, through the manufacture of value-added steel products after June 30, 1998, thereby increasing employment and economic development, there is hereby provided to eligible taxpayers a credit for each new job filled by a full-time hourly employee who works in a new value-added steel product manufacturing facility, or in a new value-added steel product line of an existing manufacturing facility, that begins operating in this state after June 30, 1998.
Structure West Virginia Code
Article 13N. Tax Credit for New Steel Manufacturing Operations After July 1, 1998
§11-13N-1. Legislative Purpose
§11-13N-3. Eligibility for Tax Credits; Creation of the Credit
§11-13N-4. Amount of Credit Allowed; Expiration of the Credit
§11-13N-5. Application of Annual Credit Allowance
§11-13N-7. Annual Computation of the Number of New Jobs Held by Full-Time Employees
§11-13N-8. Availability of Credit to Successors
§11-13N-9. Credit Recapture; Interest; Penalties; Additions to Tax; Statute of Limitations
§11-13N-10. Administrative Rules