West Virginia Code — Chapters 11 / 11A / 11B (Taxation)

W. Va. Code § 11-13C-10

Identification of investment credit property

Every taxpayer who claims credit under this article shall maintain sufficient records to establish the following facts for each item of qualified property:

# (1)

Its identity;

# (2)

Its actual or reasonably determined cost;

# (3)

Its straight-line depreciation life;

# (4)

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

# (5)

The amount of credit taken; and

# (6)

The date it was disposed of or otherwise ceased to be qualified property.

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In this chapter (40 sections)

11-13B-13 · 11-13B-13
11-13B-14 · 11-13B-14
11-13B-15 · 11-13B-15
11-13B-16 · 11-13B-16
11-13B-17 · 11-13B-17
11-13B-18 · 11-13B-18
11-13B-19 · 11-13B-19
11-13C-1 · Short title
11-13C-2 · Legislative finding and purpose
11-13C-3 · Definitions
11-13C-4 · Amount of credit allowed
11-13C-4A · Credit allowed for locating corporate headquarters in this…
11-13C-4B · Credit allowable for certified projects
11-13C-5 · Application of annual credit allowance
11-13C-6 · Qualified investment
11-13C-7 · New jobs percentage
11-13C-7A · Small business credit
11-13C-8 · Forfeiture of unused tax credits; redetermination of credit…
11-13C-8A · Recapture of credit; recapture tax imposed
11-13C-9 · Transfer of qualified investment to successors
11-13C-10 · Identification of investment credit property
11-13C-11 · Failure to keep records of investment credit property
11-13C-12 · Interpretation and construction
11-13C-13 · Severability
11-13C-14 · Restrictions and limitations on credits allowed by this…
11-13C-15 · Continuing suspension of new credit entitlements,…
11-13C-16 · Termination of credit; effective date
11-13D-1 · Legislative findings and purpose
11-13D-2 · Definitions
11-13D-3 · Amount of credit allowed for industrial expansion or…
11-13D-3A · Application of credit after June 30, 1987
11-13D-3B · Application of credit after June 30, 1989
11-13D-3C · Amount of credit allowed and application of credit for…
11-13D-3D · Amount of credit allowed and application of credit for…
11-13D-3E · Application of credit after June 30, 1993
11-13D-3F · Amount of credit allowed and application of credit for…
11-13D-4 · Eligible investment for industrial expansion or…
11-13D-5 · Eligible investment for research and development
11-13D-5A · Eligible investment for qualified housing development…
11-13D-5B · Qualified investment for a management information services…

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