West Virginia Reshoring Manufacturing Act provides tax credits to businesses replacing foreign-made goods with in-state manufactured goods.

The West Virginia Reshoring Manufacturing Act aims to incentivize businesses to replace foreign-manufactured goods with goods made in West Virginia. It provides a tax credit to eligible taxpayers who replace imported goods with West Virginia-manufactured goods. The credit is calculated based on the value of the replaced goods, with different percentages for initial and continued reshoring activities. The credit can be applied to various state taxes and has an annual limit of $1 million.

West Virginia Reshoring Manufacturing Act provides tax credits to businesses replacing foreign-made goods with in-state manufactured goods.

The West Virginia Reshoring Manufacturing Act aims to incentivize businesses to replace foreign-manufactured goods with goods made in West Virginia. It provides a tax credit to eligible taxpayers who replace imported goods with West Virginia-manufactured goods. The credit is calculated based on the value of the replaced goods, with different percentages for initial and continued reshoring activities. The credit can be applied to various state taxes and has an annual limit of $1 million.