This document contains official instructions for Form WV/MITC-1 , Credit for Manufacturing Investment (For Periods After January 1, 2015) - a form released and collected by the West Virginia State Tax Department.
Q: What is Form WV/MITC-1?
A: Form WV/MITC-1 is a tax form for claiming the Credit for Manufacturing Investment in West Virginia.
Q: Who can use Form WV/MITC-1?
A: This form can be used by businesses and individuals who have made qualifying manufacturing investments in West Virginia after January 1, 2015.
Q: What is the purpose of the Credit for Manufacturing Investment?
A: The purpose of the credit is to encourage investment in manufacturing facilities and equipment in West Virginia.
Q: What types of investments qualify for the credit?
A: Qualifying investments include the purchase of machinery, equipment, or buildings used for manufacturing in West Virginia.
Q: How much is the credit?
A: The credit amount is equal to a percentage of the qualified investment, as determined by the West Virginia Tax Department.
Q: When is the deadline for filing Form WV/MITC-1?
A: The form must be filed on or before the due date of the applicable tax return for the tax year in which the qualified investment was made.
Instruction Details:
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