What is the West Virginia Small Arms and Ammunition Manufacturers Credit?

The Small Arms and Ammunition Manufacturers Credit is a nonrefundable credit for 100 percent of state tax liability for a qualified investment in a small arms and ammunition manufacturing facility. The small arms and ammunition manufacturer must be a qualified small business according to West Virginia tax code. The limit for this credit is 2 million dollars, and it can be carried forward for up to 10 years.

See Schedule SAAM  and the WV Legislature Code for more information.