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This version of the form is not currently in use and is provided for reference only. Download this version of
Schedule WV/MITC-1
for the current year.
Schedule WV / MITC-1 Credit for Manufacturing Investment (For Periods After January 1, 2015) - West Virginia
What Is Schedule WV/MITC-1?
This is a legal form that was released by the West Virginia State Tax Department - a government authority operating within West Virginia. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is the WV/MITC-1 Credit for Manufacturing Investment?
A: The WV/MITC-1 Credit for Manufacturing Investment is a tax credit available in West Virginia for qualifying manufacturing investments.
Q: When is the WV/MITC-1 Credit available?
A: The WV/MITC-1 Credit is available for periods after January 1, 2015.
Q: Who is eligible for the WV/MITC-1 Credit?
A: Manufacturers in West Virginia who make qualifying investments may be eligible for this credit.
Q: What is considered a qualifying investment for the WV/MITC-1 Credit?
A: Qualifying investments for the WV/MITC-1 Credit include expenditures on qualified depreciable property used in manufacturing.
Q: How much is the WV/MITC-1 Credit?
A: The WV/MITC-1 Credit is equal to 5% of the qualified investment made by the manufacturer.
Q: Are there any limitations on the WV/MITC-1 Credit?
A: Yes, the credit is subject to certain limitations and may not exceed the tax liability of the manufacturer.
Form Details:
- Released on October 1, 2015;
- The latest edition provided by the West Virginia State Tax Department;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a printable version of Schedule WV/MITC-1 by clicking the link below or browse more documents and templates provided by the West Virginia State Tax Department.
Download Schedule WV / MITC-1 Credit for Manufacturing Investment (For Periods After January 1, 2015) - West Virginia
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