West Virginia Code — Chapters 11 / 11A / 11B (Taxation)
W. Va. Code § 11-24-3
Meaning of terms; general rule
# (a)
Any term used in this article has the same meaning as when used in a comparable context in the laws of the United States relating to federal income taxes, unless a different meaning is clearly required by the context or by definition in this article. Any reference in this article to the laws of the United States means the provisions of the Internal Revenue Code of 1986, as amended, and any other provisions of the laws of the United States that relate to the determination of income for federal income tax purposes. All amendments made to the laws of the United States after December 31, 2024, but prior to January 1, 2026, shall be given effect in determining the taxes imposed by this article to the same extent those changes are allowed for federal income tax purposes, whether the changes are retroactive or prospective, but no amendment to the laws of the United States made on or after January 1, 2026, shall be given any effect.
# (b)
The term "Internal Revenue Code of 1986" means the Internal Revenue Code of the United States enacted by the federal Tax Reform Act of 1986 and includes the provisions of law formerly known as the Internal Revenue Code of 1954, as amended, and in effect when the federal Tax Reform Act of 1986 was enacted that were not amended or repealed by the federal Tax Reform Act of 1986. Except when inappropriate, any reference in any law, executive order, or other document:
# (1)
To the Internal Revenue Code of 1954 includes a reference to the Internal Revenue Code of 1986; and
# (2)
To the Internal Revenue Code of 1986 includes a reference to the provisions of law formerly known as the Internal Revenue Code of 1954.
# (c)
Effective date. — The amendments to this section enacted in the year 2026 are retroactive to the extent allowable under federal income tax law. With respect to taxable years that began prior to January 1, 2026, the law in effect for each of those years shall be fully preserved as to that year, except as provided in this section.
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In this chapter (40 sections)
- 11-23-24 · 11-23-24
- 11-23-24A · Tax credit for value-added products from raw agricultural…
- 11-23-25 · Credit for consumers sales and service tax and use tax paid
- 11-23-26 · Effective date
- 11-23-27 · Credit for franchise tax paid to another state
- 11-23-28 · Notice of business activities report
- 11-23-29 · 11-23-29
- 11-23-30 · 11-23-30
- 11-23-31 · 11-23-31
- 11-23-32 · 11-23-32
- 11-23-33 · 11-23-33
- 11-23-34 · 11-23-34
- 11-23-35 · 11-23-35
- 11-23-36 · 11-23-36
- 11-23-37 · 11-23-37
- 11-23-38 · 11-23-38
- 11-23-39 · 11-23-39
- 11-23-40 · 11-23-40
- 11-24-1 · Legislative findings
- 11-24-2 · Short title; arrangement and classification
- 11-24-3 · Meaning of terms; general rule
- 11-24-3A · Specific terms defined
- 11-24-3B · General meaning of definition of the term tax haven for…
- 11-24-4 · Imposition of primary tax and rate thereof; effective and…
- 11-24-4A · Effect of rate changes during taxable year
- 11-24-4B · Dividends paid deduction to be added back in determining net…
- 11-24-5 · Corporations exempt from tax
- 11-24-6 · Adjustments in determining West Virginia taxable income
- 11-24-6A · Additional modification increasing federal taxable income;…
- 11-24-6B · Decreasing modification reducing federal taxable income for…
- 11-24-6C · Additional modification decreasing federal taxable income;…
- 11-24-7 · Allocation and apportionment
- 11-24-7A · Special apportionment rules
- 11-24-7B · Special apportionment rules - financial organizations
- 11-24-8 · Accounting periods and methods of accounting
- 11-24-9 · Credits against primary tax; election of taxpayer; expiration…
- 11-24-9A · Credits against primary tax; election of taxpayer
- 11-24-9B · Limited tax credits - Financial organizations
- 11-24-9C · Research and development credit against primary tax
- 11-24-10 · Credit for hiring of qualified employees by eligible…