(a) An eligible company may apply for, and the Tax Commissioner shall allow, a nonrefundable tax credit in an amount equal to the percentage specified in 11-13X-5 of this code of:
(1) Direct production expenditures incurred in West Virginia that are directly attributable to the production in West Virginia of a qualified project which expenditures occur in West Virginia or with a West Virginia vendor; and
(2) Postproduction expenditures incurred in West Virginia that are:
(A) Directly attributable to the production of a qualified project; and
(B) For services performed in West Virginia.
(b) Expenditures utilized by an eligible company for purposes of calculating the tax credit authorized by this article shall in no event be utilized by the eligible company for the purpose of calculating or qualifying investment for claiming the economic opportunity tax credit authorized by 11-13Q-1 et seq. of this code or the manufacturing investment tax credit authorized by 11-13S-1 et seq. of this code.
Structure West Virginia Code
Article 13X. West Virginia Film Industry Investment Act
§11-13X-2. Legislative Findings and Purpose
§11-13X-4. Creation of the Tax Credit
§11-13X-5. Amount of Credit Allowed; Limitation of the Credits
§11-13X-6. Requirements for Credit
§11-13X-7. Application of Credit to State Taxes
§11-13X-11. Tax Credit Review and Accountability
§11-13X-12. Economic Development; Utilization of State Locations, Talent, and Production Companies