W. Va. Code R. § 110-23-4

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 110-23-4 - Tax Base Determined

4.1. The tax base of a taxpayer, for purposes of the business franchise tax, is the taxpayer's "capital," as defined in these regulations and as adjusted in accordance with W. Va. Code '11-23-3 and Section 3.4 of these regulations.

4.2. If the taxpayer is also taxable in another state as defined in Section 3 of these regulations, then the tax base of the taxpayer shall be its "capital," as defined in W. Va. Code '11-23-3 and Section 3.4 of these regulations, multiplied by the said taxpayer's apportionment fraction determined under W. Va. Code '11-23-5 and Section 5 of these regulations.