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Transferable Tax Credits
The West Virginia Film Industry Investment Act is a competitive tool used to recruit film industry business into the state. The Act provides up to 31% tax credits for in-state spend (27% base, plus 4% for 10 or more resident crew or talent hires). Funded at $5 million annually; no caps; minimum spend of $25,000. Eligible projects include feature length films, TV films and series, commercials, music videos, and commercial still photography. Please visit our pages for guidelines, forms, and overview.
State Sales Tax Exemption
Purchases and rentals of tangible personal property and purchases of services directly used in production are exempt from state sales tax (6%) (excluding food, beverages, motor fuel). Registration with the Tax Department
Lodging Tax Exemption
Lodging stays at the same facility in excess of 30 consecutive days (per room/individual) are exempt from state (6%) and local (varies by region) taxes. This is an automatic exemption and available to anyone. There are no forms to fill out, but it is recommended that the guest discuss this issue with the lodging facility's management in advance. IMPORTANT NOTE: The exemption begins on the 31st day and is NOT applicable toward the first 30 days.
River On Demand
One of our Signature Locations, the flow of the Gauley River can be modulated to suit production every November. A complimentary service made possible by the U.S. Army Corps of Engineers, Huntington District, safety issues take precedence and advance notice is required. Contact the Film Office to assist with arrangements.
Fee Free Locations
Filming on most state-owned property is fee-free; in certain circumstances, a fee may be assessed and cost recovery charges may be applied. Permits and proof of liability insurance are required. To maximize cooperation, all filming requests should be first submitted to the Film Office to ensure navigation of the appropriate channels of communication among state agencies. See also Filming Guidelines for additional information.
Film Production Enhancements
Depending on the scope of a production, the Film Office may assist with negotiations of "soft" incentives (e.g., discounted location fees, office space rental, lodging, vehicle rentals, etc.). The Film Office utilizes an established statewide network of governmental agencies and economic development, tourism, and community leaders to secure attractive rates on many services.
Matching Advertising Partnership Program (MAPP)
West Virginia Division of Tourism’s Matching Advertising Partnership Program is a reimbursable partnership program that provides matching funds for innovative and effective direct advertising projects that increase visitation and travel expenditures in West Virginia and impact the economic growth of the travel industry.
West Virginia Hospitality Education and Training (WV HEAT)
The West Virginia Office of Hospitality Education and Training has developed and implemented training programs for the state’s hospitality industry and public schools. The mission is to create an efficient and effective hospitality industry work force for West Virginia. The program offers professionally delivered training programs to hospitality industry employers and organizations statewide.
Elimination of Sales Tax
Sales tax is eliminated for consturction costs, servers, hardware, and software.
Personal Property Valuation
Data centers will enjoy a 95% reduction in personal property valuation.
West Virginia's Strategic Research and Development Tax Credit
This credit offsets up to 100 percent of taxes for R&D projects.
High Growth Business Investment Tax Credit
This tax credit is equal to 50% of the qualified investment made in companies that have been certified by the tax commissioner as eligible for the Strategic R&D Tax Credit.
Aircraft Valuation Business Tax
A reduction in the assessed value of all aircraft owned or leased by commercial airlines, charter carriers, private carriers and private companies is provided for property tax purposes.
WVEDA Direct Loan Programs
The West Virginia Economic Development Authority can provide up to 45 percent in financing fixed assets by providing low-interest, direct loans to expanding state businesses and firms locating in West Virginia. Loan term is generally 15 years for real estate intensive projects and five to 10 years for equipment projects. Loan proceeds may be used for the acquisition of land, buildings and equipment. Working capital loans and the refinancing of existing debt are not eligible.
WVEDA Indirect Loans
The West Virginia Economic Development Authority provides a loan insurance program through participating commercial banks to assist firms that cannot obtain conventional bank financing. This program insures up to 80 percent of a bank loan for a maximum loan term of four years. Loan proceeds may be used for any business purpose except the refinancing of existing debt.
Industrial Revenue Bonds
This program provides for customized financing through federal tax-exempt industrial revenue bonds. Of the state’s bond allocation, $59,757,600 is reserved for small manufacturing projects; $17,073,600 for qualifying projects in Enterprise Communities, and $93,904,800 for exempt facility projects.
West Virginia Infrastructure and Jobs Development Council Fund
The fund can be used for financial assistance to public utilities, county development authorities and private companies for infrastructure improvements to support economic development projects.
Linked Deposit Loan Program
The program allows small, for-profit state employers with 50 or fewer employees and gross annual receipts of $5 million or less to apply for a linked deposit loan with an interest rate of 1 percent above published New York Prime, up to $250,000.
NRGRDA Revolving Loan Program
The New River Gorge Regional Development Authoirty revolving loan program can provide up to $100,000 to existing businesses located in Summers, Raleigh, Fayette, or Nicholas counties.
NRGRDA Micro Loan Program
The New River Gorge Regional Development Authority can provide up to $25,000 for start-up and existing businesses.
West Virginia Capital Company Act
The West Virginia Economic Development Authority administers a program that provides for debt and equity venture capital investment to small business. A number of firms are qualified in West Virginia to make venture capital investments and their contact information may be found at www.wveda.org. West Virginia Jobs Investment Trust (JIT) is a public venture capital fund created to develop, promote and expand West Virginia’s economy. The program makes investment funds available to eligible businesses, thus stimulating economic growth and providing or retaining jobs within the state.
Corporate Headquarters Credit
Companies that relocate their corporate headquarters to West Virginia are eligible for tax credits if 15 new jobs (including relocated employees) are created within the first year. The credit can offset up to 100 percent of the tax liability for business and occupation tax, business franchise tax, corporate net income tax, and personal income tax on certain pass through income, for a period of up to 13 years.
Economic Opportunity Credit (Large)
For qualified companies that create at least 20 new jobs within specified time limits (10 jobs in the case of qualified small business) as a result of their business expansion project, the State’s Economic Opportunity Tax Credit can offset up to 80 percent of specified business taxes for a period of up to 13 years. If a qualified company that creates the requisite number of jobs pays an annual median wage higher than the statewide average non-farm payroll wage, then the qualified company can offset up to 100 percent of the specified taxes for up to 13 years.
Economic Opportunity Credit
For qualified businesses creating less than 20 new jobs within specified time limits, or for a qualified small business creating less than 10 new jobs, a $3,000 credit is allowed per new full time job for five years, providing the new job pays at least $32,000 per year and the employee has employer-provided health insurance benefits. The $32,000 figure is adjusted annually for cost-of-living.
The program provides a special valuation for manufacturing property to businesses that make qualified capital improvements of at least $50 million to an existing base of $100 million or more.
"Five-For-Ten" Program (Natural Gas)
In the case of natural gas liquid extraction, to qualified improvements of at least $10 million to an existing base of $20 million. It values the new capital addition at a salvage value of 5 percent for the first 10 years. Calculation: ((5% x Cost of the Property) x 60%) x Rate = Tax.
"Five For Ten" Program -- Fractionating Plants and Secondary Plants
Special property tax valuation applies for 10 years to real property (excluding the value of unimproved land) and personal property of facilities that are or will be classified under the North American Industry Classification System (NAICS) with the six digit code number 211112 (natural gas liquid extraction “fractionating” plants) and to manufacturing facilities that use products produced at a facility with a 211112 NAICS code. The special property tax valuation applies to qualified capital additions of more than $10 million made to pre-existing manufacturing facilities that have a value in place before the capital addition of more than $20 million. The special property tax valuation is 5 percent of the cost of the qualified property instead of fair market value. In the absence of a pre-existing manufacturing facility owned or operated by the person making the capital addition, multiple party projects may be established to meet the $20 million pre-existing investment requirement.
"Five For Twenty-Five" Program
Special property tax valuation applies for a period of 25 years to real property (excluding the value of unimproved land) and personal property having a combined original cost of which exceeds $2 billion to be constructed, located or installed at a facility, or a combination of facilities by a single entity or combination of entities engaged in a unitary business that: (1) Is or will be classified under the North American Industry Classification System with a six digit code number 211112 (a primary facility), and; (2) To manufacturing facilities that use one or more products produced at a facility with code number 211112 (secondary facilities) and; (3) To manufacturing facilities that use products produced at a secondary facility. The special property tax valuation is 5 percent of the cost of the qualified property instead of fair market value.
Manufacturing Investment Credit
A tax credit is allowed against up to 60 percent of corporate net income tax and business franchise tax based on qualified investment in eligible manufacturing property, with no new job creation required.
Manufacturing Inventory Credit
Offsets the business franchise tax and corporate net income tax in the amount of property tax paid on raw materials, goods in process and finished goods manufacturing inventory.
Commercial Patent Incentives Credit
The Commercial Patent Incentives Tax Credit can offset up to 100 percent of the business franchise tax, corporation net income tax, or in the case of individual taxpayers, the personal income tax. The credit is based on a percentage of royalties, license fees and other consideration for developers of a patent or a percentage of net profit attributable to a patent used in a manufacturing process or product.
West Virginia Film Industry Investment Act
Up to 31 percent of direct production and post-production expenditures can be converted to transferable tax credits to offset state taxes. Also, purchases and rentals of tangible personal property and purchases of services (excluding gasoline or special fuel, food or beverages) directly used in the activity of manufacturing a motion picture, TV program, music video, or commercial are exempt from the consumers sales and service tax and use tax.
High-Tech Manufacturing Credit
Businesses that manufacture certain computers and peripheral equipment, electronic components or semi-conductors and which create at least 20 new jobs within one year after placement of qualified investment into service, can receive a tax credit to offset 100 percent of the business and occupation tax, business franchise tax, corporate net income tax, and personal income tax on certain pass through income for 20 consecutive years.
High-Tech Business Property Valuation Act
Tangible personal property, including servers, directly used in a high-technology business or in an internet advertising business is valued for property tax purposes at 5 percent of the original cost of the property. In addition, sales tax is eliminated from all purchases of prewritten computer software, computers, computer hardware, servers, building materials and tangible personal property, for direct use in a high-technology business or internet advertising business.
Manufacturing Sales Tax Exemption
Purchases of materials and equipment purchased for direct use in manufacturing are exempt from the 6 percent state sales and use tax, including building materials and process equipment purchased for construction of a manufacturing facility.
The Freeport Amendement
The Freeport Amendment exempts property from the West Virginia ad valorem property tax in two ways: (1) Manufactured products produced in West Virginia and stored in the state for a short time before moving into interstate commerce are exempt from property tax. (2) Goods transported into West Virginia from outside of the state, which are held for a short time in a warehouse and then shipped to a destination outside of West Virginia, are exempt from the property tax. This exemption does not apply to inventories of raw materials or goods in process
Special Rates of Electric Power (Industrial Consumers)
The West Virginia Public Service Commission may establish special rates that in its judgment are necessary or appropriate for the continued, new or expanded operation of energy-intensive industrial consumers. In order to qualify for a special rate, an industrial facility, plant or enterprise is required to: enter into negotiations with the utility; have a contract demand of at least fifty thousand kilowatts of electric power at its West Virginia facilities under normal operating conditions; create or retain at least twenty-five full time jobs in the state; have invested not less than $500,000 in fixed assets in the state; and provide reasonable evidence that without the special rate, the operation is threatened or not economically viable.
Research and Development Sales Tax Exemption
Purchases of tangible personal property and services directly used in research and development are exempt from the consumers’ sales tax.
Sales Tax Exemption for Certain E-Commerce Businesses
Some computer-related sales of tangible personal property and services are exempt from the consumer sales and services tax.
Sales Tax Exemption for Warehouse and Distribution Centers
Purchases of certain tangible personal property in qualified warehouse and distribution centers may be exempt from the consumers’ sales and service tax.
WorkKeys® Career Readiness Certificates
The nationally-recognized WorkKeys® Career Readiness Certificates from WorkForce West Virginia aid in the process of matching qualified job seekers with jobs while assuring businesses that the State of West Virginia has a ready and skilled work force.
Governor's Guaranteed Work Force Program
This flexible, customized training program under the West Virginia Development Office, offers assistance to eligible companies and businesses by providing funding that directly supports the transfer of knowledge and skills. Companies must create a minimum of 10 net new jobs within a 12-month period.
The Workforce Investment Act (WIA) Program
This customized training program is available to employers that hire individuals that meet specific program requirements. The program targets job seekers that are either economically disadvantaged or displaced due to job shifting in the region.
West Virginia Advance Program
This flexible program offers customized job training awards to new and existing businesses. The program offers development and delivery of training services that will support a company’s startup and ongoing employee development initiatives through a local Community and Technical College.