Businesses
Government-funded
$500K
per applicant
Tax Credit
Reduces tax liability
Rolling
No fixed cutoff
Annual tax return
Claim with year-end filing
Moderate
File with tax return
Non-refundable business tax credit equal to 10% of qualifying R&D expenditures conducted in West Virginia, with an additional 5% credit for collaboration with WV universities. Supports diversifying WV's economy through innovation and technology development.
Do I qualify?
Answer the questions below for a rules-based self-assessment of your fit for this program. This is informational — final determinations are made by the administering agency.
1.R&D must be conducted within West Virginia
2.Qualifying expenses mirror federal IRC Section 41 QRE definition
3.Base credit: 10% of qualifying R&D expenditures
4.Additional 5% credit for R&D performed with WV colleges or universities
5.Nonrefundable; 10-year carryforward period allowed
OEDIT · Colorado
3% state income tax credit for businesses investing in business personal property in Colorado's 16 Enterprise Zones, which cover the state's most economically distressed rural and urban areas. Stacks with other CO Enterprise Zone credits for wage, research, and job training.
KCED · Kentucky
Provides income tax credits and wage assessments to encourage new and expanding businesses to locate in Kentucky. Credits are tied to job creation and capital investment commitments over a 15-year term.
Utah OEO · Utah
30% state income tax credit on new employee wages for businesses creating 5+ jobs in rural Utah Economic Opportunity Zones. Meaningful incentive to locate outside Salt Lake's urban corridor, with a 5-year credit period.