West Virginia SB508 allows businesses to receive a tax credit for purchasing products manufactured in the state.

West Virginia SB508 introduces a tax credit for businesses that purchase products manufactured in West Virginia. Eligible businesses can receive up to 50 percent of the purchase costs as a tax credit. The credit can be applied to various taxes, including business franchise tax and corporation net income taxes. The maximum credit allowed is $10,000 per taxable year, with unused credits able to be carried forward for up to four years. Businesses must maintain their headquarters in West Virginia to qualify.

West Virginia SB508 allows businesses to receive a tax credit for purchasing products manufactured in the state.

West Virginia SB508 introduces a tax credit for businesses that purchase products manufactured in West Virginia. Eligible businesses can receive up to 50 percent of the purchase costs as a tax credit. The credit can be applied to various taxes, including business franchise tax and corporation net income taxes. The maximum credit allowed is $10,000 per taxable year, with unused credits able to be carried forward for up to four years. Businesses must maintain their headquarters in West Virginia to qualify.