West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-29 - Special Reclamation Tax Credit
Section 110-29-3 - Tax Credit Authorized; Effective Date; Administration

Universal Citation: 110 WV Code of State Rules 110-29-3

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

3.1. Effective July 12, 2013, W. Va. Code § 22-3-11 authorizes a tax credit for reclamation and remediation at bond forfeiture sites when performed to the standards of the permit and the Act.

3.2. In accordance with W. Va. Code §§ 22-3-11a and 23-3-11(g)(2)(C), the tax imposed by West Virginia Code § 22-3-11 and the tax credit authorized under it are administered under W. Va. Code § 11-10-1et seq.

3.3. The special reclamation tax credit shall first apply to a particular taxpayer for the first taxable year (as determined for federal income tax purposes) beginning on or after July 12, 2013.

3.3. The tax credit may only be taken against the special reclamation tax imposed under W. Va. Code § 22-3-11.

3.3.a. The credit may not be applied to offset any other tax.

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