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Home » US Law » 2022 West Virginia Code » Chapter 11. Taxation » Article 13R. Strategic Research and Development Tax Credit » §11-13R-10. Failure to Keep Records of Qualified Research and Development Credit Property

A taxpayer who does not keep the records required for identification of qualified research and development credit property, is subject to the following rules:

(1) A taxpayer is treated as having disposed of, during the taxable year, any qualified research and development credit property which the taxpayer cannot establish was still on hand and used in qualified research and development activity at the end of that year.