West Virginia R&D Tax Credit and Federal Options

West Virginia and the R&D Tax Credit

West Virginia does not provide a state-specific Research and Development (R&D) tax credit, meaning businesses operating within the state cannot claim a credit against state taxes for qualifying R&D activities. However, West Virginia is home to several important industries, including energy (particularly coal, natural gas, and renewables), chemical manufacturing, aerospace, healthcare, and forestry, all of which often engage in innovative practices and technological advancements. Despite the absence of a state R&D credit, businesses in these sectors may still be eligible to claim the federal R&D tax credit, which offers a valuable incentive for companies investing in research and development.

The federal credit can help offset costs associated with developing new products, processes, or technologies, making it a critical resource for West Virginia-based businesses driving innovation and growth in their respective fields.

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Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 1038 Quarrier St, Charleston, West Virginia provides R&D tax credit consulting and advisory services to Charleston, Huntington, Morgantown, Parkersburg and Wheeling.

If you have any questions or need further assistance, please call or email our local West Virginia Partner on (681) 661-2066.
Feel free to book a quick teleconference with one of our West Virginia R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.

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West Virginia Patent of the Year – 2024/2025

EmeryAllen LLC has been awarded the 2024/2025 Patent of the Year for their innovative lighting solution. Their invention, detailed in U.S. Patent No. 11927311, titled ‘Miniature integrated omnidirectional LED bulb’, introduces a compact, energy-efficient lighting option designed to replace traditional incandescent and halogen bulbs.

The patented LED bulb features a semi-cylindrical light pipe populated with LEDs on its external surface, encased within a transparent diffuser. This design ensures uniform light distribution, making it ideal for applications requiring consistent illumination. The integration of a cylindrical heatsink within the bulb’s body facilitates effective thermal management, enhancing the longevity and performance of the LEDs.

EmeryAllen’s innovation stands out with its impressive luminous efficiency of at least 45 lumens per watt and a color rendering index of 90 or higher, ensuring vibrant and accurate color representation. The bulb’s dimmable capability down to 10% of full light output offers flexibility in various lighting environments. Additionally, with a rated lifetime of over 15,000 hours, this LED bulb promises durability and cost-effectiveness over time.

Designed for retrofit applications, this miniature LED bulb aligns with industry standards, offering a sustainable alternative to conventional lighting solutions. EmeryAllen’s commitment to innovation continues to drive advancements in energy-efficient lighting technologies.