Amount of credit allowed
Known as the West Virginia Strategic Research and Development Tax Credit Act
The act spans §§ 11-13R-1 to 11-13R-9 (13 sections).
The allowable credit is the greater of:
(1) Three percent of the annual combined qualified research and development expenditure; or
(2) Ten percent of the excess of the annual combined qualified research and development expenditure over the base amount.
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.