Form Wv/cnf-120es - West Virginia Estimated Corporate Income/business Franchise Tax Payment Page 2
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2BUSINESS FRANCHISE TAX
If your Business Franchise Tax liability is expected to be at least $12,000 per year after tax credits, estimated
tax payments are required and due in four equal installments on the 15th day of the fourth, sixth, ninth
and twelfth months of the tax year. At least 90% of the tax liability is required. The correct WV account
identification number must be shown on each payment voucher to ensure proper processing of the payments.
The Business Franchise Tax rates, based on taxable capital with a minimum tax of $50, are listed below. For tax
years beginning:
From
To
Rate
01/01/2009
12/31/2009
.48%
01/01/2010
12/31/2010
.41%
01/01/2011
12/31/2011
.34%
01/01/2012
12/31/2012
.27%
01/01/2013
12/31/2013
.20%
01/01/2014
12/31/2014
.10%
For more information about the West Virginia Business Franchise Tax refer to W.Va. Code §11-23-1, et seq.
CORPORATE NET INCOME TAX
If West Virginia taxable income is expected to be at least $10,000 when the annual income tax return is filed,
estimated payments of the Corporate Income Tax liability are required and due in four equal installments on
the 15th day of the fourth, sixth, ninth and twelfth months of the tax year. At least 90% of the tax liability is
required.
The Corporate Net Income Tax rates, based on WV net taxable income, are listed below. For tax years
beginning:
From
To
Rate
01/01/2009
12/31/2011
8.50%
01/01/2012
12/31/2012
7.75%
01/01/2013
12/31/2013
7.00%
01/01/2014
12/31/2014
6.50%
For more detailed information regarding the Business Franchise Tax, refer to W.Va. Code §11-23-1, et seq and
for Corporate Net Income Tax refer to W.Va. Code §11-24-1, et seq.
DO NOT DUPLICATE THESE FORMS
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