Amount of credit allowed; limitation of the credits

# (a)

Base allowance . — The amount of credit allowed to every eligible company, except as provided in subsection (b) of this section, is 27 percent.

# (b)

Extra allowance for hiring of local workers . — Any amount allowed in subsection (a) of this section shall be increased by an additional four percent if the eligible company, or its authorized payroll service company, employs 10 or more West Virginia residents as part of its full-time employees working in the state or as apprentices working in the state.

# (c)

Application of the credits . — The tax credit allowed under this section shall be applied to the eligible company’s state tax liability as provided in §11-13X-7 of this code.

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In this chapter (40 sections)

11-13V-4 · Imposition of tax
11-13V-4A · Coalbed methane
11-13V-5 · Accounting periods and methods of accounting
11-13V-6 · Time for filing annual returns and other documents
11-13V-7 · Periodic installment payments of taxes imposed by this…
11-13V-8 · Extension of time for filing returns
11-13V-9 · Extension of time for paying tax
11-13V-10 · Place for filing returns or other documents
11-13V-11 · Time and place for paying tax shown on returns
11-13V-12 · Signing of returns and other documents
11-13V-13 · Bond of taxpayer may be required
11-13V-14 · Collection of tax; agreement for processor to pay tax due…
11-13V-15 · Records
11-13V-16 · General procedure and administration
11-13V-17 · Crimes and penalties
11-13W-1 · Tax credits for apprenticeship training in construction…
11-13X-1 · Short title
11-13X-2 · Legislative findings and purpose
11-13X-3 · Definitions
11-13X-4 · Creation of the tax credit
11-13X-5 · Amount of credit allowed; limitation of the credits
11-13X-6 · Requirements for credit
11-13X-7 · Application of credit to state taxes
11-13X-8 · Uses of credit; unused credit; carry forward; carry back…
11-13X-9 · Legislative rules
11-13X-10 · Burden of proof
11-13X-11 · Tax credit review and accountability
11-13X-12 · Economic development; utilization of state locations,…
11-13X-13 · Effective date, elimination of film tax credits,…
11-13Y-1 · Short title
11-13Y-2 · Definitions
11-13Y-3 · Eligibility for tax credits; creation of the credit
11-13Y-4 · Amount of credit allowed
11-13Y-5 · Application of annual credit allowance
11-13Y-6 · Availability of credit to successors
11-13Y-7 · Credit recapture; interest; penalties; additions to tax;…
11-13Y-8 · Report on credit
11-13Y-9 · Effective date
11-13Z-1 · Amount of credit
11-13Z-2 · Restrictions

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