§11-24-13f. Water's-Edge Reporting Mandated Absent Affirmative Election to Report Based on Worldwide Unitary Combined Reporting Basis; Initiation and Withdrawal of Worldwide Combined Reporting Election
(a) Water's-edge reporting. — Absent an election under subsection (b) of this section to report based upon a worldwide unitary combined reporting basis, taxpayer members of a unitary group shall determine each of their apportioned shares of the net business income or loss of the combined group on a water's-edge unitary combined reporting basis. In […]
§11-24-14. Time and Place for Filing Returns and Paying Tax
A person required to make and file a return under this article shall pay any tax shown to be due by such return, without assessment, notice or demand, to the Tax Commissioner on or before the date fixed for filing such return determined without regard to any extension of time for filing the return. The […]
§11-24-15. Signing of Returns and Other Documents
(a) Any return, statement or other document required to be made pursuant to this article shall be filed in accordance with regulations or instructions prescribed by the Tax Commissioner. The fact that an individual's name is signed to a return, statement or other document shall be prima facie evidence for all purposes that the return, […]
§11-24-16. Declarations of Estimated Tax
(a) Requirement of declaration. — Every corporation subject to tax under this article shall make a declaration of estimated tax for the taxable year if its West Virginia taxable income can be reasonably expected to exceed $10,000. (b) Definition of estimated tax. — The term "estimated tax" means the amount which a corporation estimates to […]
§11-24-11. Credit for Reducing Electric or Natural Gas or Water Utility Rates for Low-Income Residential Customers
(a) General. — A credit shall be allowed against the primary tax liability of an eligible taxpayer under this article for the cost of providing electric or natural gas or water utility service, or any combination of electric, natural gas or water utility services, at special reduced rates to qualified low-income residential customers which has […]
§11-24-11a. Credit for Reducing Telephone Utility Rates for Low-Income Residential Customers
(a) General. — A credit shall be allowed against the primary tax liability of an eligible taxpayer under this article for the cost of providing telephone service at special reduced rates to qualified low-income residential customers which has not been reimbursed by any other means. (b) Definitions. — For purposes of this section, the term: […]
§11-24-11b. Credit for Utility Taxpayers With Net Operating Loss Carryovers
(a) General. — There shall be allowed to every eligible taxpayer a nonrefundable credit against its primary tax liability imposed under this article for any net operating loss carryovers that exist as of December 31, 2006. (b)(1) "Eligible taxpayer" means any person subject to the business and occupation taxes prescribed by article thirteen of this […]
§11-24-12. Military Incentive Tax Credit
Every employer entitled to receive a tax credit against its West Virginia corporate income tax liability as provided in article two-c, chapter twenty-one-a of this code shall receive the credit for the period and in the amount specified in said article two-c of this chapter. The State Tax Commissioner shall provide by appropriate rule or […]
§11-24-10a. Nonrefundable Credit for Matching Contribution to Employee S Jumpstart Savings Account
(a) A nonrefundable credit against the tax imposed by the provisions of this article is allowed for a matching contribution to a Jumpstart Savings Account made in the taxable year if the beneficiary of the account is an employee of the taxpayer and a West Virginia resident, subject to the requirements of 18-30A-1 et seq. […]
§11-24-6b. Decreasing Modification Reducing Federal Taxable Income for the Income of Qualified Opportunity Zone Businesses; Effective Date
(a) General. — In addition to the amounts authorized to be subtracted from federal taxable income pursuant to §11-24-6(c) of this code, there shall be subtracted from federal taxable income, an amount equal to net income included in federal taxable income by a corporate taxpayer in a taxable year that is ordinary income derived from […]