Bill > HB4549

This bill amends the existing law to change the threshold for job creation from 300 to 50 West Virginia domiciled, West Virginia residents in order to qualify for an exemption on the sales and use tax for certain goods purchased for a new or expanded warehouse or distribution facility. The bill also makes some stylistic changes, clarifies definitions, and extends the time period for assessments against taxpayers who claim the exemption but fail to meet the requirements. The amendments made in this bill are effective for purchases made in taxable years beginning on and after January 1, 2025.