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APPLICATION FOR WEST VIRGINIA MANUFACTURING
INVESTMENT TAX CREDIT FOR INVESTMENTS PLACED IN
SERVICE ON OR AFTER JANUARY 1, 2003
Information and Instructions
HE Manufacturing Investment Tax Credit (MITC) investment. (Check only one block.)
is available to a manufacturer making a qualifi ed
investment (on or after January 1, 2003) for a. The Taxpayer for purposes of industrial expansion
purposes of industrial expansion or revitalization places qualifi ed investment property in service or use.
Tof an industrial facility within West Virginia. Qualifi ed
b. The Taxpayer for purposes of industrial revitalization
businesses include only those engaged in the activity of
places qualifi ed investment property in service or use.
manufacturing within West Virginia. Manufacturing is
defi ned as any business activity classifi ed as having a c. The Taxpayer for purposes of both industrial expansion
sector identifi er, consisting of the fi rst two digits of the six- and revitalization places qualifi ed property in service
digit North American Industry Classifi cation System code or use.
number, of thirty-one, thirty-two or thirty-three or the six
digit North American Industry Classifi cation System Code tttttteeeeeem m m m m m
IIIIII Business Activity in West Virginia:
Number 211112. 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
The Manufacturing Investment Tax Credit is not available
a. Enter the North American Industry Classifi cation
to businesses engaged in the activity of electric power
System Code that most closely describes your business
generation. Qualifi ed investment by businesses engaged
activity in West Virginia.
in the activity of electric power generation qualify for
another investment tax credit, the Industrial Expansion and b. Describe the industrial expansion or industrial
Revitalization Credit. revitalization activity in West Virginia that is associated
Industrial expansion is defi ned as capital investment in a with your new investment (e.g., construction of a new
new or expanded industrial facility in this State. Industrial reconstituted wood product manufacturing plant).
revitalization or revitalization is defi ned as capital mmmmmm
investment in an industrial facility located in this State to ttttttIIIIIIeeeeee
Investment: Enter the year investment is placed
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replace or modernize buildings, equipment, machinery and into service or use in the fi rst column, the total
other tangible personal property used in connection with dollar amount of investment placed into service or use
the operation of the facility in an industrial business of the in the second column and the dollar amount of qualifi ed
Taxpayer, including the acquisition of any real property investment placed into service or use in the third column.
necessary to the industrial revitalization. Industrial business Qualifi ed Investment is determined according to the
or industrial Taxpayer is defi ned as any Taxpayer who is following useful life (straight line depreciation):
primarily engaged in a manufacturing business.
Useful Life
By Law, no credit may be allowed or applied for any qualifi ed At Least But Less Than Percent Qualifi ed
investment property placed in service until the person
0 — 4 years 0
asserting a claim for the credit makes writt en application
4 — 6 years 33-1/3
to the Tax Commissioner. Failure to timely apply for credit
will result in forfeiture of 50% of the annual credit allowance 6 — 8 years 66-2/3
otherwise available under this requirement. Form MITC-A 8 or more years 100
is designed to be a general application form for taxpayers m m m m m m
wishing to claim credit based upon investments placed into ttttttIIIIIIeeeeee
Enter the location(s) of the qualifi ed investment
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use or service on or after January 1, 2003. The timely fi ling property (i.e. Main Street, Weston, or 12 miles north
of this application is a condition precedent to claiming tax of Pipestem at the Intersection of State Route 3 and State
credits. This application must be fi led annually no later Route 20).
than the due date of the taxpayer’s West Virginia income m m m m m m
tax return including any legally granted extension of time ttttttIIIIIIeeeeee
Provide a general description of the qualifi ed
for fi ling such returns. 3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c3c
investment property in the space provided (i.e.
$100,000 to be invested in buildings, $500,000 to be invested
in machinery and equipment, etc.)
mmmmmm INSTRUCTIONS T OFORM MITC-A
ttttttIIIIIIeeeeee
Investment Purpose: Place a check mark in the
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
block next to the applicable purpose of your
MITC-A Rev. 3-15 Page 1
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