Terms Used In West Virginia Code > Chapter 11 > Article 6E - Special Method for Valuation of Certain Manufacturing Production Property

• Agriculture: means the cultivation of the soil, including the planting and harvesting of crops and the breeding and management of livestock. See West Virginia Code 11-5-3
• Commissioner: means the State Tax Commissioner. See West Virginia Code 11-22-1
• Corporation: means a corporation or joint-stock association, organized under the laws of this state, the United States or any other state, territory or foreign country or dependency including, but not limited to, banking institutions. See West Virginia Code 11-22-1
• Die: means a device for shaping, forming or stamping material by pressure or by a blow, or for impressing a figure or design on material by pressure or by a blow, and other devices as set forth in this subdivision. See West Virginia Code 11-6E-2
• Executor: A male person named in a will to carry out the decedent
• Fiduciary: A trustee, executor, or administrator.
• Form: means a mold, as defined in this section, or a frame, shape, body or implement around which or on which a manufactured product is shaped or made, and which is designed to cause the manufactured product to take on a specific particular shape. See West Virginia Code 11-6E-2
• in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
• jig: includes a checking fixture, which is a jig built to test manufactured parts produced from a set of dies or other manufactured parts, for conformity to specifications. See West Virginia Code 11-6E-2
• Manufacturer: means a person engaged in the activity of manufacturing in this state. See West Virginia Code 11-6E-2
• manufacturing: include the activities of building construction, construction of other structures or facilities affixed to or on realty, retailing or agriculture, food processing or food manufacturing, the operation of any restaurant or retail food preparation or sales operation, the production of any natural resource, contract mining or any other activity of severing, producing, processing or extracting any natural resource. See West Virginia Code 11-6E-2
• Manufacturing service provider: means a person engaged in a manufacturing activity who does not have legal title to or any economic interest in the tangible personal property transformed or converted by the manufacturing process, and who engages in the manufacturing activity as a service to another person. See West Virginia Code 11-6E-2
• model: means a shape or figure made of wood, metal or other material having the basic shape of the manufactured product, with such appropriate sprues, runners and other necessary additional features as may be needed for efficient casting or production of the manufactured product. See West Virginia Code 11-6E-2
• mold: includes molds and mold cavities used in compression molding, transfer molding, injection molding, blow molding or blowing, and vacuum forming. See West Virginia Code 11-6E-2
• pattern: includes a model for making a sand casting mold into which molten metal is poured to form a casting. See West Virginia Code 11-6E-2
• Person: means and includes any state, or its political subdivisions or an agency of the State of West Virginia or its political subdivisions, or any individual, firm, partnership, joint venture, joint stock company, the government of the United States or its agencies, any public or private corporation, municipal corporation, cooperative, estate, trust, business trust, receiver, executor, administrator, any other fiduciary, any representative appointed by order of any court or otherwise acting on behalf of others, or any other group or combination acting as a unit. See West Virginia Code 11-6E-2
• Personal property: All property that is not real property.
• personal property: includes goods, chattels, real and personal, money, credits, investments, and the evidences thereof. See West Virginia Code 2-2-10
• Salvage value: means the lower of fair market salvage value or five percent of the original cost of the property. See West Virginia Code 11-6E-2
• Specialized manufacturing production property: means molds, jigs, dies, forms, patterns or templates, as defined in this section, directly used in manufacturing. See West Virginia Code 11-6E-2
• Value: means in the case of any document not a gift, the amount of the full actual consideration for the document, paid or to be paid, including the amount of any lien or liens assumed. See West Virginia Code 11-22-1