The allowable credit is the greater of:
(1) Three percent of the annual combined qualified research and development expenditure; or
(2) Ten percent of the excess of the annual combined qualified research and development expenditure over the base amount.
Structure West Virginia Code
Article 13R. Strategic Research and Development Tax Credit
§11-13R-2. Legislative Finding and Purpose
§11-13R-5. Amount of Credit Allowed
§11-13R-6. Application of Credit
§11-13R-7. Forfeiture of Unused Tax Credits; Redetermination of Credit Allowed
§11-13R-8. Transfer of Qualified Research and Development Investment to Successors
§11-13R-9. Identification of Investment Credit Property
§11-13R-10. Failure to Keep Records of Qualified Research and Development Credit Property