State R&D Tax Credits

State R&D Tax Credits

West Virginia

Credit Name: Strategic Research and Development Tax Credit

Expiration Date: Unknown

Does it apply to C corps and pass-through entities?: Yes. May be claimed against Business Franchise Tax, Corporation Net Income Tax, or Personal Income Tax

Credit Carry forward: Yes

Description: Credit is the greater of:

  • 3% of Eligible expenditure
  • 10% of excess QREs compared to the average QREs of the 3 prior years.

Other Notes: Must file form WV/SRDTC-A with the original tax return to be eligible for any credit, therefore may typically only be filed for on a live return.

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