West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-06F - Property Tax Valuation Of Certain Manufacturing Property
Section 110-6F-4 - Polymer Alliance Zone Investment

Universal Citation: 110 WV Code of State Rules 110-6F-4

Current through Register Vol. XLI, No. 38, September 20, 2024

4.1. W. Va. Code '11-6F-2(d) defines the term "qualified capital addition to a manufacturing facility," and sets forth the following specifications relating to persons making investment in qualified capital addition property in a polymer alliance zone.

4.1.1. If the capital addition is made in a polymer alliance zone as designated from time-to-time by executive order of the governor, then the person making the capital addition may for purposes of satisfying the requirements of this subsection join in a multiparty project with a person owning or operating a manufacturing facility that has a total original cost before the capital addition of at least one hundred million dollars if the capital addition creates additional production capacity of existing or related products or feedstock or derivative products respecting the manufacturing facility.

4.2. The "polymer alliance zone" provision of the Act applies only to the following entities if they have a facility located in a polymer alliance zone.

4.2.1. Manufacturers of polymers;

4.2.2. Manufacturers of the production inputs (i.e. feedstocks) for the manufacture of polymers; and

4.2.3. Manufacturers that use polymers as production inputs for production of derivative products.

4.3. The provisions of the Act relating to polymer alliance zones do not apply to any other manufacturers or persons that may be located in a polymer alliance zone. However, all West Virginia manufacturers that qualify under the Act are subject to the special property tax valuation provisions of the Act without regard to whether they are located in a polymer alliance zone or elsewhere in West Virginia.

4.4. Applications for certification of multiple party projects must meet specific requirements set forth in Subdivision 3.2.1 of this rule.

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