Every taxpayer who claims credit under this article shall maintain sufficient records to establish the following facts for each item of qualified 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 qualified property.
Structure West Virginia Code
Article 13Q. Economic Opportunity Tax Credit
§11-13Q-2. Legislative Finding and Purpose
§11-13Q-4. Amount of Credit Allowed
§11-13Q-5. Credit Allowed for Locating Corporate Headquarters in This State
§11-13Q-6. Credit Allowable for Certified Projects
§11-13Q-7. Application of Annual Credit Allowance
§11-13Q-8. Qualified Investment
§11-13Q-9. New Jobs Percentage
§11-13Q-10. Credit for Small Business
§11-13Q-10a. Credit Allowed for Specified High Technology Manufacturers
§11-13Q-11. Forfeiture of Unused Tax Credits; Redetermination of Credit Allowed
§11-13Q-12. Recapture of Credit; Recapture Tax Imposed
§11-13Q-13. Transfer of Qualified Investment to Successors
§11-13Q-14. Identification of Investment Credit Property
§11-13Q-15. Failure to Keep Records of Investment Credit Property
§11-13Q-16. Interpretation and Construction
§11-13Q-18. Burden of Proof; Application Required; Failure to Make Timely Application
§11-13Q-19. Business Eligible for Credit Entitlements
§11-13Q-20. Tax Credit Review and Accountability
§11-13Q-21. Effective Date; Election; Notice of Claim or Election Under Transition Rules
§11-13Q-22. Credit Available for Taxpayers Which Do Not Satisfy the New Jobs Percentage Requirement