West Virginia Code — Chapters 11 / 11A / 11B (Taxation)
W. Va. Code § 11-13P-5
Excess credit forfeited
Official textcode.wvlegislature.gov
If after application of the credit against tax under this article, any credit remains for the taxable year, the amount remaining and not used is forfeited. Unused credit may not be carried back to any prior taxable year and shall not carry forward to any subsequent taxable year.
Source: view the official text
In this chapter (40 sections)
- 11-13N-9 · Credit recapture; interest; penalties; additions to tax;…
- 11-13N-10 · Administrative rules
- 11-13N-11 · Construction of article
- 11-13N-12 · Effective date
- 11-13O-1 · Legislative purpose
- 11-13O-2 · Definitions
- 11-13O-3 · Eligibility for tax credits; creation of the credit
- 11-13O-4 · Amount of credit allowed; expiration of the credit
- 11-13O-5 · Application of annual credit allowance
- 11-13O-6 · Proration of credit among partners, members of limited…
- 11-13O-7 · Annual computation of the number of new jobs held by…
- 11-13O-8 · Availability of credit to successors
- 11-13O-9 · Credit recapture; interest; penalties; additions to tax;…
- 11-13O-10 · Administrative rules
- 11-13O-11 · Construction of article
- 11-13O-12 · Effective date
- 11-13P-1 · Legislative finding and purpose
- 11-13P-2 · Definitions
- 11-13P-3 · Eligibility for tax credits; creation of the credit
- 11-13P-4 · Amount of credit allowed
- 11-13P-5 · Excess credit forfeited
- 11-13P-6 · Application of credit; schedules; estimated taxes
- 11-13P-7 · Computation and application of credit
- 11-13P-8 · Legislative rules
- 11-13P-9 · Construction of article; burden of proof
- 11-13P-10 · Effective date
- 11-13P-11 · Termination of tax credit
- 11-13Q-1 · Short title
- 11-13Q-2 · Legislative finding and purpose
- 11-13Q-3 · Definitions
- 11-13Q-4 · Amount of credit allowed
- 11-13Q-5 · Credit allowed for locating corporate headquarters in this…
- 11-13Q-6 · Credit allowable for certified projects
- 11-13Q-7 · Application of annual credit allowance
- 11-13Q-8 · Qualified investment
- 11-13Q-9 · New jobs percentage
- 11-13Q-10 · Credit for small business
- 11-13Q-10A · Credit allowed for specified high technology manufacturers
- 11-13Q-11 · Forfeiture of unused tax credits; redetermination of credit…
- 11-13Q-12 · Recapture of credit; recapture tax imposed