Your Competitive Advantage Starts Here!
Expanding? Relocating? Starting up? West Virginia's tax credits and incentive programs can give your company a competitive edge. West Virginia offers one of the best pro-business climates in the nation. It is currently ranked 6th in the Country by CNBC for cost of doing business. West Virginia has established many business incentives that benefit new and existing businesses, both in the short and long term. Incentives include tax incentives, financial assistance, loan programs, infrastructure development grants, green incentives, industrial revenue bonds, and fast-track permitting, tax credits and exemptions, customized training, and technical support programs.
Corporate Headquarters Credit
Companies relocating their corporate headquarters to WV from outside of WV are eligible for tax credits. If 15 new jobs are created, the credit could be up to 100% of many tax liabilities for up to 13 years.
Economic Opportunity Credit
Offsets up to 100% of taxes for up to 13 years. Minimum job requirement is 20.
Manufacturing Investment Credit
Allows up to 60% corporate net income tax and franchise tax credit, based on investment, with no new job creation required.
Manufacturing Sales Tax Exemption
Materials and equipment purchased for direct use in manufacturing are exempt from the 6% state sales and use tax.
Warehouse "Freeport" Tax Exemption
Goods in transit to an out-of-state destination are exempt from ad valorem property taxes when warehoused in West Virginia.