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

W. Va. Code § 11-13R-11

Tax credit review and accountability

# (a)

Beginning on February 1, 2006, and on February 1 every third year thereafter, the commissioner shall submit to the Governor, the President of the Senate and the Speaker of the House of Delegates a tax credit review and accountability report evaluating the cost effectiveness of the credit allowed under this article during the most recent three-year period for which information is available. The criteria to be evaluated includes, but is not limited to, for each year of the three-year period:

# (1)

The numbers of taxpayers claiming the credit;

# (2)

The net number, type and duration of new jobs created by all taxpayers claiming the credit and wages and benefits paid;

# (3)

The cost of the credit;

# (4)

The cost of the credit per new job created;

# (5)

Comparison of employment trends for the industry and for taxpayers within the industry that claim the credit; and

# (6)

The amount of excess credit refunded to small qualified research and development companies pursuant to subsection (i), section six of this article.

# (b)

Taxpayers claiming the credit shall provide information as the Tax Commissioner requires to prepare the report: Provided, That the information shall be subject to the confidentiality and disclosure provisions of sections five-d and five-s, article ten of this chapter.

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