POPULATION: 1,818,470 (2006 estimate) RIGHT TO WORK: No EXPANDING INDUSTRIES: Biometrics/biomedical technology, energy and environmental technology, transportation equipment, aerospace, business services, information technology, printing, tourism BASIC BUSINESS TAXES:
Corporation Net Income Tax: 8.75 percent, based on federal taxable income, with various increasing and decreasing modifications Consumers Sales and Service Tax (CSST) and Use Tax: 6 percent of gross sales proceeds or tangible personal property stored, consumed, or used within the state. Sales of goods and services to a manufacturer for direct use in manufacturing are exempt from CSST (for in-state purchases) and from the use tax (for out-of-state purchases). Corporation Charter Tax: Various rates, from $20 annually for capital stock of $5,000 or less, to $2,500 annually for capital stock in excess of $15 million BUSINESS INCENTIVES:
West Virginia Economic Development Authority (direct and indirect loans)
Industrial Revenue Bonds
West Virginia Infrastructure and Jobs Development Council
Linked Deposit Program
Venture Capital
Corporate Headquarters Credit
Economic Opportunity Credit
“Five-for-Ten” Program
Manufacturing Investment Credit
Manufacturing Sales Tax Exemption
Strategic R&D Tax Credit
Warehouse “Freeport” Tax Exemption
Sales Tax Exemption for E-Commerce Vendors
High-Growth Business Investment Tax Credit
Tourism Development Incentive
Tax Increment Financing
Governor's Guaranteed Work Force Program
Employee Recruitment
Pre-employment Assessment
Tourism Matching Advertising Partnership Program
Workforce Investment Act Program