West Virginia Code — Chapters 11 / 11A / 11B (Taxation)
W. Va. Code § 11-13R-9
Identification of investment credit property
# (a)
Every taxpayer who claims credit under this article shall maintain sufficient records to establish the following facts for each item of qualified research and development 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 research and development property.
# (b)
Every taxpayer who claims credit under this article shall also maintain sufficient records to establish the number and types of new jobs, if any, created, the wages and benefits paid to employees filling the new jobs and the duration of each job.
Source: view the official text
In this chapter (40 sections)
- 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
- 11-13T-2 · Definitions
- 11-13T-3 · Eligibility for tax credits; creation of the credit
- 11-13T-4 · Amount of credit allowed
- 11-13T-5 · Unused credit; carryforward; credit forfeiture