Instructions for Schedule WV / AG-1 Environmental Agricultural Equipment Tax Credit - West Virginia

This document contains official instructions for Schedule WV/AG-1 , Environmental Agricultural Equipment Tax Credit - a form released and collected by the West Virginia State Tax Department.

FAQ

Q: What is Schedule WV/AG-1?
A: Schedule WV/AG-1 is a tax form in West Virginia.

Q: What is the Environmental Agricultural Equipment Tax Credit?
A: The Environmental Agricultural Equipment Tax Credit is a tax credit available in West Virginia.

Q: What does the tax credit apply to?
A: The tax credit applies to purchases of certain environmentally friendly agricultural equipment.

Q: Who is eligible for the tax credit?
A: Farmers and agricultural producers in West Virginia are eligible for the tax credit.

Q: How much is the tax credit?
A: The tax credit is equal to 50% of the cost of eligible equipment, up to a maximum credit of $10,000.

Q: How do I claim the tax credit?
A: You can claim the tax credit by completing Schedule WV/AG-1 and attaching it to your West Virginia state income tax return.

Q: What documentation do I need to provide?
A: You need to provide documentation of the purchase and installation of the eligible equipment, including receipts and invoices.

Q: When is the deadline to claim the tax credit?
A: The tax credit must be claimed in the same tax year that the equipment was purchased.