State Incentives
Corporate Headquarters Credit
Companies relocating their corporate headquarters are eligible for tax credits. If 15 new jobs are created, the credit is 10% of the adjusted qualified investment. The credit increases to 50% if 50 or more jobs are created.
Economic Opportunity Credit
Offsets 80% of taxes for up to 13 years. Minimum job requirement is 20.
Manufacturing Investment Credit
Allows a 50% corporate net income tax and franchise tax based on investment with no new job creation required.
Manufacturing Sales Tax Exemption
Materials and equipment purchased for direct use in manufacturing are exempt from the 6% state sales and use tax.
Strategic Research & Development Credit
Allows for up to 100% tax offset for R&D projects. R&D expenses are exempt from sales tax.
Warehouse "Freeport" Tax Exemption
Goods in transit to an out-of-state destination are exempt from ad valorem property taxes when warehoused in West Virginia.
For more information on state incentives, please visit www.wvdo.org or:
