§11-13X-5. Amount of credit allowed; limitation of the credits.

(a) Base allowance. --

The amount of credit allowed to every eligible company, except as provided in subsection (b) of this section, is twenty-seven percent.

(b) Extra allowance for hiring of local workers. -- Any amount allowed in subsection (a) of this section shall be increased by an additional four percent if the eligible company, or its authorized payroll service company, employs ten or more West Virginia residents as part of its full-time employees working in the state or as apprentices working in the state.

(c) Application of the credits. -- The tax credit allowed under this section shall be applied to the eligible company's state tax liability as provided in section seven of this article.

(d) Limitation of the credits. -- No more than $5 million of the tax credits may be allocated by the film office in any given West Virginia state fiscal year. The film office shall allocate the tax credits in the order the applications therefor are received.

§11-13X-5. Amount of credit allowed; limitation of the credits.

Bills Affecting §11-13X-5

2021 Regular Session: HB2096
2021 Regular Session: SB445
2020 Regular Session: HB2941
2020 Regular Session: HB4382
2019 Regular Session: HB2941
2015 Regular Session: HB2773
2015 Regular Session: SB338
2013 Regular Session: SB182
2013 Regular Session: HB2514
2009 Regular Session: HB3179
2009 Regular Session: SB610
2008 Regular Session: HB4684