West Virginia Code
Chapter 11. Taxation
Article 13Q. Economic Opportunity Tax Credit

§11-13Q-1. Short Title - This article may be cited as the "West Virginia Economic...

§11-13Q-2. Legislative Finding and Purpose - The Legislature finds that the encouragement of economic opportunity in...

§11-13Q-3. Definitions - (a) General. -– When used in this article, or in...

§11-13Q-4. Amount of Credit Allowed - (a) Credit allowed. -- Eligible taxpayers are allowed a credit...

§11-13Q-5. Credit Allowed for Locating Corporate Headquarters in This State - (a) Credit allowed. -- A corporation that presently has its...

§11-13Q-6. Credit Allowable for Certified Projects - (a) In general. -- A multiple year project certified by...

§11-13Q-7. Application of Annual Credit Allowance - (a) In general. -- The aggregate annual credit allowance for...

§11-13Q-8. Qualified Investment - (a) General. -- The qualified investment in property purchased or...

§11-13Q-9. New Jobs Percentage - (a) In general. The new jobs percentage is based on...

§11-13Q-10. Credit for Small Business - (a) Small business defined. For purposes of this section, the...

§11-13Q-10a. Credit Allowed for Specified High Technology Manufacturers - (a) High technology manufacturing business defined. For purposes of this...

§11-13Q-11. Forfeiture of Unused Tax Credits; Redetermination of Credit Allowed - (a) Disposition of property or cessation of use. -- If...

§11-13Q-12. Recapture of Credit; Recapture Tax Imposed - (a) When recapture tax applies. -- (1) Any person who...

§11-13Q-13. Transfer of Qualified Investment to Successors - (a) Mere change in form of business. -- Property may...

§11-13Q-14. Identification of Investment Credit Property - Every taxpayer who claims credit under this article shall maintain...

§11-13Q-15. Failure to Keep Records of Investment Credit Property - A taxpayer who does not keep the records required for...

§11-13Q-16. Interpretation and Construction - (a) No inference, implication or presumption of legislative construction or...

§11-13Q-17. Severability - (a) If any provision of this article or the application...

§11-13Q-18. Burden of Proof; Application Required; Failure to Make Timely Application - (a) The burden of proof is on the taxpayer to...

§11-13Q-19. Business Eligible for Credit Entitlements - (a) Notwithstanding any other provision of this article to the...

§11-13Q-20. Tax Credit Review and Accountability - (a) Beginning on February 1, 2006, and every third year...

§11-13Q-21. Effective Date; Election; Notice of Claim or Election Under Transition Rules - (a) The credit allowed by this article is allowed for...

§11-13Q-22. Credit Available for Taxpayers Which Do Not Satisfy the New Jobs Percentage Requirement - (a) Notwithstanding any provision of this article to the contrary,...