City of Morgantown
New and Expanding Business Tax Credit –Downtown
District Application
Date Business began or will begin in Morgantown : _______________________________________________
Company Name: ______________________________________________________________________
DBA: ________________________________________________________________________________
Company Phone Number: ______________________________________________________________
Physical Address in Morgantown: _______________________________________________________
Mailing Address:______________________________________________________________________
Contact Name: _______________________________________________________________________
Contact Phone Number: _______________________________________________________________
Business type:
Individual____ Partnership____
Corporation____ LLC____
List Partners, Officers, Members,
or Proprietor by name and title
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
__________________________________________________________
Identification Number:
Federal Employer ID or
Social Security
B &O Tax Account Number
_________________________________________________________
_________________________________________________________
_______________________
Describe the type of business activities that will be/are conducted within the City of Morgantown:
___________________________________________________________________________________________
___________________________________________________________________________________________
If new construction, existing structure improvement, and/or purchasing property:
Acquisition of Real Property: $_______________________________
Improvement to Real Property: $_____________________________
Total Investment in New Business: $___________________________
Is the business, or any existing or prior business, currently owned by the applicant or any business
where the applicant is an officer or partner, delinquent in payment of Business & Occupation taxes
and/or Fire Service Fees and/or Municipal Service Fees to the City?
YES ______ NO _______ If answering yes, these taxes and fees must be paid immediately.
NO TAX CREDIT WILL BE GRANTED IF BUSINESS IS DELINQUENT IN PAYMENT OF CITY TAXES
OR FEES
________________________________________________ _________________________
Signature of Applicant Date
________________________________________________
Title
In order to be eligible and to retain eligibility for the tax credit I agree:
1. To keep current my City of Morgantown Business License. If I fail to annually renew the license on or
before July 1st of each year, the tax credit can be subject to revocation and termination by the Finance
Director.
2. To timely file quarterly Business & Occupation tax returns to correctly report all gross income derived for
each quarter, to correctly calculate the amount of tax due before credit, and pay the balance of any taxes
due. If I fail to abide by these provisions, the Finance Director will have authority under the ordinance to
disallow the credit for the time period in which the return is delinquent.
3. To timely collect and file the Municipal Service Fee. If I fail to do so the tax credit can be subject to review
and possible revocation and termination by the Finance Director.
4. If applicable- to timely pay City of Morgantown Fire Fees, collect and pay the City Amusement Tax, and
collect and pay the City Hotel/Motel Tax. If I fail to do so the tax credit can be subject to review and
possible revocation and termination by the Finance Director.
I hereby agree to the provisions and requirements outlined above and further agree to abide by the policies
and procedures of the New and Expanding Business Tax Credits-Downtown District program as outlined in
City Ordinance 735.273 and 735.275. I understand that if I fail to comply with terms outlined, I may be denied
a tax credit or my eligibility for continuation of the tax credit may be revoked by the Finance Director.
If opening a business in a leased property:
Term of Lease-Years:____________________________________
Landlord: Name______________________________ Phone # ____________________________
Return to: City of Morgantown
389 Spruce Street
Morgantown, WV 26505