Every taxpayer who claims credit under 11-13KK-1 et seq. of this code shall maintain sufficient records to establish the following facts for each item of qualified property:(1) Its identity;(2) Its actual or reasonably determined cost;(3) Its straight-line depreciation life;(4) The month and taxable year in which it was placed in service;(5) The amount of credit taken;(6) The date it was disposed of or otherwise ceased to be used as qualified property in the small arms and ammunition manufacturing facility of the taxpayer; and(7) Amounts and dates of federal excise tax paid.
West Virginia Legal Code