West Virginia Code 11-13Q-14 – Identification of investment credit property
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Every taxpayer who claims credit under this article shall maintain sufficient records to establish the following facts for each item of qualified property:
Terms Used In West Virginia Code 11-13Q-14
- taxpayer: means any person subject to any of the taxes imposed by article thirteen, twenty-one, twenty-three or twenty-four of this chapter (or any combination of those articles of this chapter). See West Virginia Code 11-13Q-3
(1) Its identity;
(2) Its actual or reasonably determined cost;
(3) Its straight-line depreciation life;
(4) The month and taxable year in which it was placed in service;
(5) The amount of credit taken; and
(6) The date it was disposed of or otherwise ceased to be qualified property.