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Tax CreditWest VirginiaActiveVerified

West Virginia Strategic R&D Tax Credit

West Virginia State Tax Department (WV Tax)WV-RD-CREDIT
Max per Applicant

Varies

Maximum a single org can receive

Deadline

Rolling / No deadline

Jurisdiction

West Virginia

About This Program

Business tax credit equal to 10% of qualifying R&D expenditures conducted in West Virginia, with an additional 5% credit for R&D performed in collaboration with WV universities. Nonrefundable with a 10-year carryforward period, helping diversify WV's economy through innovation.

Key Requirements & Eligibility

  • 1R&D must be conducted in West Virginia
  • 2Qualifying expenses: same as federal IRC Section 41
  • 3Credit: 10% of QREs (additional 5% for collaboration with WV universities)
  • 4Nonrefundable; 10-year carryforward
  • 5Claim on WV Schedule B

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Apply or Learn More

Visit the official page to review full eligibility requirements and apply.

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Applicable Industries

Research & DevelopmentTechnologyManufacturingClean Technology
Official Source