West Virginia Business Resource Directory

West Virginia Tax DepartmentProgram: Corporate Headquarters Relocation CreditFinancial AssistanceS t a t e w i d eContactTaxpayer Services Division304.558.33331.800.982.8297TaxWVTaxAid@wv.govTargetAudienceFundingCorporations that move their principal corporate headquarters from a locationoutside of West Virginia into West Virginia.N/ATotal available: N/AMinimum or maximum amount a participant can receive:ApplicationProcessAn application must be filed for the year when qualified investment is placedin service or use. A schedule is filed with each tax return on which the credit isclaimed.Deadlines:Application must be filed on or before the due date of the income tax returnfor the year when qualified investment is first placed in service or use.DescriptionA Taxpayer that moves its corporate headquarters to WV from a locationoutside of WV may be entitled to an Economic Opportunity Tax Credit, if therelocation creates at least 15 new WV jobs. If the relocation creates at least15, but less than 20 new jobs, then the amount of credit is equal to 10% ofthe Taxpayer’s adjusted qualified investment. The Taxpayer could offset up to100% of corporate net income tax “attributable to qualified investment” & upto 100% of business franchise tax “attributable to qualified investment” for aperiod of up to 13 years.W E S T V I R G I N I A D E V E L O P M E N T O F F I C E D–37