Amount of credit allowed

Official textcode.wvlegislature.gov

The allowable credit is the greater of:

# (1)

Three percent of the annual combined qualified research and development expenditure; or

# (2)

Ten percent of the excess of the annual combined qualified research and development expenditure over the base amount.

Source: view the official text

In this chapter (40 sections)

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
11-13R-12 · Effective date
11-13R-13 · Expiration of tax credit
11-13S-1 · Short title
11-13S-2 · Legislative findings and purpose
11-13S-3 · Definitions
11-13S-4 · Amount of credit allowed for manufacturing investment
11-13S-5 · Qualified manufacturing investment
11-13S-6 · Forfeiture of unused tax credits; redetermination of credit…
11-13S-7 · Transfer of property purchased for manufacturing investment…
11-13S-8 · Identification of investment credit property
11-13S-9 · Failure to keep records of property purchased for…
11-13S-10 · Tax credit review and accountability
11-13T-1 · Legislative finding and purpose

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