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

W. Va. Code § 11-13Q-14

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.

Source: view the official text

In this chapter (40 sections)

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
11-13Q-13 · Transfer of qualified investment to successors
11-13Q-14 · Identification of investment credit property
11-13Q-15 · Failure to keep records of investment credit property
11-13Q-16 · Interpretation and construction
11-13Q-17 · Severability
11-13Q-18 · Burden of proof; application required; failure to make…
11-13Q-19 · Business eligible for credit entitlements
11-13Q-20 · Tax credit review and accountability
11-13Q-21 · Effective date; election; notice of claim or election under…
11-13Q-22 · Credit available for taxpayers which do not satisfy the new…
11-13R-1 · Short title
11-13R-2 · Legislative finding and purpose
11-13R-3 · Definitions
11-13R-4 · Annual combined qualified research and development…
11-13R-5 · Amount of credit allowed
11-13R-6 · Application of credit
11-13R-7 · Forfeiture of unused tax credits; redetermination of credit…
11-13R-8 · Transfer of qualified research and development investment to…
11-13R-9 · Identification of investment credit property
11-13R-10 · Failure to keep records of qualified research and…
11-13R-11 · Tax credit review and accountability

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