EOTC-HTM: Economic Opportunity Tax Credit for Specified High Technology Manufacturing Businesses (Revision 2022-05)

Who files this form

Schedule EOTC-HTM is only for approved high technology manufacturers with an approved business activity claiming the West Virginia Economic Opportunity Tax Credit.

To qualify, the business must create and maintain at least 20 new jobs. Median compensation for the new jobs must meet or exceed the median wage prescribed in the applicable Administrative Notice.

Before claiming the credit, taxpayers must file Form EOTC-A with the Tax Commissioner and receive written acknowledgement of the application.

What you'll need

Have the following information ready to complete the schedule:

• Business and taxpayer names, taxpayer address, FEIN or SSN, West Virginia Tax ID, tax period, and six-digit NAICS code.
• Investment year or years, in-service dates, net property costs, and estimated useful lives.
• Employee counts and payroll for pre-credit employment, new jobs created by qualified investment, and total West Virginia employment. The instructions include controlled-group employees in the pre-credit and total employment figures.
• Median compensation paid to new employees for the tax year and the applicable Administrative Notice wage requirement.
• Pre-credit tax liabilities by tax type.

You must also have filed Form EOTC-A and received written acknowledgement before claiming the credit.

How to file

File the credit application, Form EOTC-A, with the Tax Commissioner and receive written acknowledgement before claiming the credit.

To complete Schedule EOTC-HTM:

1. Section A: Enter the business identification information.
2. Section B: Enter the investment year or years. If you made qualified investments during the year, enter net costs by estimated useful life, multiply by the printed percentages, and total the qualified investment amounts.
3. Section C: Enter employee counts and payroll. Divide new-jobs payroll by total West Virginia payroll to calculate the payroll factor. Enter median compensation for the new jobs.
4. Section D: List pre-credit liabilities by tax type, apply the payroll factor, and enter the credit amounts to be applied.
5. Complete the signature and contact fields.

The supplied text does not provide a mailing address or e-filing directions for this schedule.

Common mistakes

• Using the schedule without approval: EOTC-HTM is only for approved high technology manufacturers with an approved business activity.
• Claiming the credit before completing the application requirement: File Form EOTC-A and receive written acknowledgement first.
• Filing the application late: The application must be filed annually no later than the due date of the taxpayer’s annual return, including extension. Late filing results in forfeiture of 50% of the annual credit allowance until the application is filed.
• Missing the job requirements: The business must create and maintain at least 20 new jobs and meet the applicable median-compensation requirement.

Questions people ask

Is Form EOTC-A separate from Schedule EOTC-HTM?

Yes. Form EOTC-A is the required credit application. You must file it with the Tax Commissioner and receive written acknowledgement before claiming the credit.

How many new jobs are required?

The business must create and maintain at least 20 new jobs to qualify.

What median compensation is required for 2026?

The supplied text does not state a 2026 amount. It directs taxpayers to Administrative Notices for values for other years, and requires median compensation to meet or exceed the prescribed median wage.

How is the payroll factor calculated?

Divide new-jobs payroll from line 9b, column 2, by total West Virginia payroll from line 9c, column 2.

How does a property's useful life affect qualified investment?

The schedule applies 33 1/3% to the category labeled 4–6 years, 66 2/3% to 6–8 years, and 100% to 8+ years.

Official sources

• https://tax.wv.gov/Documents/PIT/schedule-EOTC-HTM.pdf