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Bill > HB4257


WV HB4257

WV HB4257
Relating to authorizing the Tax Department to promulgate a legislative rule relating to commercial patent incentives tax credits.


summary

Introduced
01/14/2026
In Committee
01/14/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

The purpose of this bill is to authorize the Tax Department to promulgate a legislative rule relating to commercial patent incentives tax credits.

AI Summary

This bill authorizes the West Virginia Tax Department to create and implement a legislative rule, which is a formal regulation that has the force of law, concerning commercial patent incentives tax credits. This means the Tax Department is being given the go-ahead to establish specific guidelines and procedures for businesses that qualify for tax credits related to their patents, building upon existing authority granted by a specific section of West Virginia code (§11-13AA-10). The rule in question, identified as 110 CSR 13Q, was previously filed in the State Register on July 25, 2025, and this bill confirms its authorization.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Standing Committee on Finance Meeting (09:00:00 2/24/2026 House Finance Committee Room) (on 02/24/2026)

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