West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-21C - Method of Claiming the Qualified Rehabilitated Buildings Investment Credit
Section 110-21C-1 - General

Universal Citation: 110 WV Code of State Rules 110-21C-1

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

1.1. Scope. - This rule provides the method of reporting the alternative method for distribution of qualified rehabilitated buildings investment credit that is required by W. Va. Code § 11-21-8e(b); the method to sell, assign or transfer the credit pursuant to W. Va. Code §§ 11-21-8h or 11-24-23g, and requirements to claim the credit once transferred; the method to show good standing with the State Tax Division and local, municipal and county taxing authorities as required by W. Va. Code §§ 11-21-8a and 11-24-23a; and limitations on claiming the credit, including those set forth by House Bill 203, passed October 17, 2017.

1.2. Authority. - W. Va. Code §§ 11-21-8a(a), 11-21-8e(b), 11-21-8h(e), and 11-24-23a(a).

1.3. Filing Date. - November 30, 2018

1.4. Effective Date. - December 31, 2018

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