State Credit Name: Strategic Research and Development Tax Credit
Expiration Date: Indefinite
Who Can Apply? West Virginia Corporations and flow-through entities
Credit Carry Forward: Unused credit can be carried forward 12 years.
About the Credit: The credit can be claimed against the Business Franchise Tax, Corporation Net Income Tax or Personal Income Tax. The credit rate is the greater of 3% of eligible expenditures or 10% of excess QRE’s compared to the average QRE’s of the 3 prior years.
Notes: Qualified taxpayers must file form WV/SRDTC-A with the original tax return to qualify for any credit.
Click here to find out if you qualify for the federal research credit.
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