West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-13GG - Downstream Natural Gas Manufacturing Investment Tax Credit
Section 110-13GG-10 - Identification of investment credit property

Universal Citation: 110 WV Code of State Rules 110-13GG-10

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

10.1. Every taxpayer who claims credit under W. Va. Code § 11-13GG-1, et seq., shall maintain sufficient records to establish the following facts for each item of qualified property:

10.1.1. Its identity;

10.1.2. Its actual or reasonably determined cost;

10.1.3. Its straight-line depreciation life;

10.1.4. The month and taxable year in which it was placed in service;

10.1.5. The amount of credit taken; and

10.1.6. The date it was disposed of or otherwise ceased to be use as qualified property in the downstream natural gas manufacturing facility of the taxpayer.

Disclaimer: These regulations may not be the most recent version. West Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.