West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-13C - Business Investment And Jobs Expansion Tax Credit, Corporation Headquarters Relocation Tax Credit, Sma
Section 110-13C-1 - General

Universal Citation: 110 WV Code of State Rules 110-13C-1

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

1.1. Scope. -- This rule explains and clarifies the West Virginia Business Investment and Jobs Expansion Tax Credit, as stated in W. Va. Code '11-13C-1 et seq. This rule was filed as emergency regulations pursuant to the statutory mandate set forth in W. Va. Code '11-13C-8a(c). This rule addresses application of the provisions of W. Va. Code '11-13C-8a relating to the recapture of the West Virginia Business Investment and Jobs Expansion Tax Credit and other credits set forth in W. Va. Code '11-13C et seq., and imposition of the recapture tax prescribed in the said W. Va. Code '11-13C-8a. The provisions of sections 4b.8a through 4b.8a.2.3 of this rule and sections 8a through 8a.5.1 of this rule apply to property placed in service after March 12, 1994. The provisions of this rule do not supersede, abrogate or nullify rulings of the Tax Commissioner issued prior to the issuance of this rule. Specific written rulings of the Tax Commissioner issued prior to the issuance of these regulations shall remain in full force and effect, and shall supersede any conflicting provision of this rule.

1.2. Authority. -- W. Va. Code ''29A-3-15, 11-10-5 and 11-13C-8a(c).

1.3. Filing Date. -- April 25, 1995.

1.4. Effective Date. -- May 1, 1995.

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