What is the West Virginia High Technology Manufacturing Business Credit?

A high technology manufacturing business is a business that engages in activity dealing with manufacturing computers, electronic components, semiconductors, drones, autonomous motor vehicles, robots, machines, biotechnology products, or medical devices. Such businesses are allowed a credit for qualified investments in a new or expanded high technology manufacturing business in West Virginia which results in the creation of at least 20 new jobs within 12 months of placing the qualified investment into service. The annual amount of credit allowed is 100% of the tax attributable to the qualified investment, for each consecutive year of a 20-year credit period.

See Form EOTC-HTM  and the WV Legislature Code for more information.