Below is information about WEST VIRGINIA CORPORATE HEADQUARTERS RELOCATION CREDIT from a variety of sources. Please take a look at the materials that our team has selected for you.
https://blsstrategies.com/west-virginia#:~:text=Corporate%20Headquarters%20Relocation%20Credit%3A%20Businesses%20that%20relocate%20a,tax%20credit%20equal%20to%2010%25%20of%20qualified%20investment.
https://westvirginia.gov/wv-incentives/
Companies that relocate their corporate headquarters to West Virginia are eligible for tax credits if 15 new jobs (including relocated employees) are created within the first year. The credit can offset up to 100% of the tax liability for business and occupation tax, corporate net income tax, and personal income tax on certain pass- through income, for a period of up to 13 years.
https://code.wvlegislature.gov/11-13Q-5/
Credit allowed for locating corporate headquarters in this state. (a) Credit allowed. -- A corporation that presently has its corporate headquarters located outside this state that relocates its corporate headquarters in this state and employs, on a full-time basis, at its new corporate headquarters location, at least fifteen people, who are domiciled in this state, is …
https://www.raymondcapaldi.com.au/w-corporate-office/west-virginia-corporate-headquarters-relocation-credit.html
West Virginia Tax Department Program: Corporate Headquarters Relocation Credit Contact Taxpayer Services Division 304.558.3333 1.800.982.8297 [email protected] Target Audience Corporations that move their principal corporate headquarters from a location outside of West Virginia into West Virginia. Funding N/A Total available: N/A
https://tax.wv.gov/Documents/TaxForms/bcs1.pdf
The Corporate Headquarters Relocation Credit is allowable for corporate headquarters placed in service or use in West Virginia on or after February 1, 1986. An out-of-state corporation relocating its headquarters to West Virginia is allowed a tax credit if it employs at least 15 domiciled West Virginia residents on a full-time basis at its new location.
https://blsstrategies.com/west-virginia
Corporate Headquarters Relocation Credit: Businesses that relocate a corporate headquarters operation to West Virginia and create at least 15 new jobs are entitled to a tax credit equal to 10% of qualified investment. The non-refundable and non-transferable credit can be used to offset up to 100% of business and occupation tax and corporate net income tax liability for a period of …
https://law.justia.com/codes/west-virginia/2013/chapter-11/article-13q/section-11-13q-5/
2013 West Virginia Code ... ARTICLE 13Q. ECONOMIC OPPORTUNITY TAX CREDIT. §11-13Q-5. Credit allowed for locating corporate headquarters in this state. WV Code ... New jobs created in this state by relocation of a corporate headquarters may include jobs created in this state within twelve months before or after the month in which the qualified ...
http://tax.wv.gov/Documents/TSD/tsd110.pdf
•A taxpayer that moves its corporate headquarters to West Virginia from outside of West Virginia may be entitled to an Economic Opportunity Tax Credit, if the relocation creates at least 15 new West Virginia jobs. • If the relocation creates at least 15, but less than 20 new jobs, the amount of credit is equal to 10% of
https://law.justia.com/codes/west-virginia/2013/chapter-11/article-13c/section-11-13c-4a/
2013 West Virginia Code ... ARTICLE 13C. BUSINESS INVESTMENT AND JOBS EXPANSION TAX CREDIT. §11-13C-4a. Credit allowed for locating corporate headquarters in this state. WV ... New jobs created in this state by relocation of a corporate headquarters may include jobs created in this state within twelve months before or after the month in which ...
https://dfi.wv.gov/banking/applications/Bank/Pages/OfficeRelocation.aspx
An application to relocate the main office or branch must also be filed with either the Federal Deposit Insurance Corporation or appropriate Federal Reserve Bank. For FDIC filing requirements, you may contact the Atlanta Regional Office at (404) 817-1300 or if the bank is a member of the Federal Reserve System, contact the appropriate Federal ...
https://westvirginia.gov/wp-content/uploads/2021/05/Pub_BusAssistBro_2021_DEVO.pdf
Corporate Headquarters Credit Companies that relocate their corporate headquarters to West Virginia are eligible for tax credits if 15 new jobs (including relocated employees) are created within the first year. The credit can offset up to 100% of the tax liability for business and occupation tax, corporate net income tax, and personal income tax
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