West Virginia § 11-13Q-14 Identification of investment credit property

West Virginia Statutes

§ 11-13Q-14 — Identification of investment credit property

West Virginia·Ch. 11 TAXATION·Art. 13Q ECONOMIC OPPORTUNITY TAX CREDIT

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

West Virginia § 11-13Q-14 (Identification of investment credit property) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.