APPLICATION FOR HIGH–GROWTH BUSINESS INVESTMENT TAX CREDIT

West Virginia Economic Development Authority
NorthGate Business Park
160 Association Drive
Charleston, West Virginia 25311-1217
(304) 558-3650 Phone
(304) 558-0206 FAX

Tax credits are not available effective July 1, 2008.

Unless expressly authorized in writing to the contrary by the Applicant, all information submitted pursuant to an application for designation as an eligible taxpayer and documents related to this application will be treated as confidential and private, and such material will not be released or made available to the general public unless required by law. Furthermore, all general correspondence of or to the West Virginia Economic Development Authority (the “Authority” or “WVEDA”) and all information generated internally by the Authority including but not limited to internal memoranda and reports is confidential and not subject to public disclosure. However, after the WVEDA Board has approved the tax credits, the full legal name of the Applicant, the mailing and office addresses of the Applicant, the telephone number of the Applicant and a name of a person to contact for the Applicant will be made available to the general public.

I. GENERAL REQUIREMENTS

Applicants should submit three (3) complete applications with original signatures to the attention of the Executive Director of the Authority.

The submission of any false or misleading information in the Application or in any other materials which may be submitted will be grounds for rejection of the Application and denial of further consideration by the Authority for the current and subsequent years.

II. PREREQUISITES FOR CLAIMING THE TAX CREDIT

No tax credit is allowed or may be applied until the Applicant seeking to claim the credit has:

  1. Filed with the Authority a written and complete application for the tax credit. The application must be signed and verified by the Applicant or by a duly authorized representative of the Applicant.
  2. Filed with the Authority the research and development program or project certification issued pursuant to W. Va. Code §11-13R-6 for the qualified research and development company that will benefit from the investment.
  3. Filed with the Authority a certified copy of its certificate of incorporation, articles of organization, certificate of formation of limited partnership or statement of limited liability partnership, as appropriate.
  4. Received from the Authority certification of the amount of the tax credit to be allocated to the Applicant.

When completing the following application, do not leave any questions blank. If a question does not apply mark “N/A” and, if necessary, provide a brief written explanation. Failure to complete the application in its entirety will result in processing delays.

The submitted package in its entirety will include the following:

  1. Completed WVEDA Application
  2. Attachments requested in Section D
  3. Applicant signature on page 4
  4. Signed Authorization for Release of Tax Information

Please forward to the attention of the Executive Director, WVEDA, Northgate Business Park, 160 Association Dr., Charleston, WV 25311-1217