Bill > HB4858

This bill establishes the West Virginia historic rehabilitated building tax credit, which provides a 25% tax credit for qualified rehabilitation expenditures on certified historic structures, including both residential and nonresidential buildings, provided they are reviewed by the West Virginia Division of Culture and History and certified by the National Park Service as historically significant. The bill also outlines specific requirements for residential certified historic structures, which must be listed on the National Register of Historic Places. It defines key terms like "certified historic structure," "qualified rehabilitation expenditures," and "material rehabilitation," and sets forth procedures for earning and claiming the credit, including application processes, fees, and the role of the State Historic Preservation Officer. The bill allows for phased rehabilitations, the transfer of unused credits, and establishes rules for carry-back and carry-forward of credits, as well as recapture provisions if certain conditions are not met. Importantly, this bill also terminates existing credits for certified historic structures and residential certified historic structures on June 30, 2026, but preserves credits earned before that date.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4858&year=2026&sessiontype=RS&btype=bill