Bill > SB113

This bill creates a five-year tax credit for businesses that locate their principal place of business on a post-coal mine site within West Virginia. To be eligible, a business must be a corporation, small business, limited liability company, partnership, or other unincorporated entity with at least 10 full-time employees. The tax credit is equal to 50% of the business's capital expenditures at the post-coal mine site, up to 50% of the business's state income tax liability for the year. The credit can be applied against the business's state corporate income tax and personal income tax liability. Businesses that already benefit from other state economic development programs or incentives are not eligible for this tax credit.

Business and Industry

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=113&year=2019&sessiontype=RS&btype=bill