West Virginia § 11-13C-10 Identification of investment credit property

West Virginia Statutes

§ 11-13C-10 — Identification of investment credit property

West Virginia § 11-13C-10

Ch. 11TAXATION

Art. 13CBUSINESS INVESTMENT AND JOBS EXPANSION TAX CREDIT

This text of West Virginia § 11-13C-10 (Identification of investment credit property) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

W. Va. Code § 11-13C-10 (2026).

Text

Every taxpayer who claims credit under this article shall maintain sufficient records to establish the following facts for each item of qualified 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 property.

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Every taxpayer who claims credit under this article shall maintain sufficient records to establish the following facts for each item of qualified 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 property.