West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-23 - Business Franchise Tax
Section 110-23-4 - Tax Base Determined
Universal Citation: 110 WV Code of State Rules 110-23-4
Current through Register Vol. XLI, No. 38, September 20, 2024
4.1. The tax base of a taxpayer, for purposes of the business franchise tax, is the taxpayer's "capital," as defined in these regulations and as adjusted in accordance with W. Va. Code '11-23-3 and Section 3.4 of these regulations.
4.2. If the taxpayer is also taxable in another state as defined in Section 3 of these regulations, then the tax base of the taxpayer shall be its "capital," as defined in W. Va. Code '11-23-3 and Section 3.4 of these regulations, multiplied by the said taxpayer's apportionment fraction determined under W. Va. Code '11-23-5 and Section 5 of these regulations.
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