Berkeley County Development

Description

West Virginia levies two primary business taxes: the corporation net income tax and the business franchise tax. Certain other taxes are levied upon specialized industries. For example, severance tax is imposed on the production of natural resources. The business and occupation tax is a gross receipts tax imposed upon public utilities, natural gas storage operators, electric power producers and synthetic fuel manufacturers. A telecommunications tax is imposed upon telephone companies.

The business and occupation tax is an annual privilege tax levied on public utilities, natural gas storage operators, electricity generators and synthetic fuel manufacturers doing business in West Virginia. Utilities are taxed at varying rates depending on the business activity or activities in which they are engaged. These rates vary from $.05 cents per kilowatt hour for bulk sales of electric power of at least 200,000 kw/hr/yr to $4.40 per $100 of gross receipts for water utilities.

James Rumsey Technical Institute serves the Eastern Panhandle and is dedicated to training high school students, high school graduates, and others who are interested in employment in vocational, technical and industrial career fields. Accredited through the North Central Association of Colleges and Schools, James Rumsey offers include Automotive Technology, Criminal Justice, Graphic Communications, Masonry, and Welding. James Rumsey is home to the Regional Printing Institute , an educational collaborative program offered with Blue Ridge Community and Technical College.

HMS Technologies Inc. is in good company having been selected as one of Inc. Magazine's 500 fastest growing companies in the nation for 2009. That's because the Berkeley County-based firm will now join an exclusive list that has included such well-known companies as Microsoft and Oracle, firms that gained early exposure as members of the Inc.500 in previous years. In this year's list, HMS Technologies, which has had a growth rate of 2,700 percent over the last four years and revenues totaling $22.6 million in 2008, was ranked the 45th fastest growing private company. Also according to Inc.

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