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Bill > HB5635


WV HB5635

WV HB5635
To create the Coalfield Housing Revitalization Tax Credit Act.


summary

Introduced
02/17/2026
In Committee
02/17/2026
Crossed Over
Passed
Dead

Introduced Session

2026 Regular Session

Bill Summary

The purpose of this bill is to create a tax credit for rehabilitation of vacant or dilapidated residential properties in coalfield counties.

AI Summary

This bill establishes the Coalfield Housing Revitalization Tax Credit, which provides a state tax credit to individuals or entities who contribute to the rehabilitation of vacant or dilapidated residential properties located in "coalfield counties." A coalfield county is defined as any county in West Virginia that has a historical connection to coal mining, has economically benefited from the coal industry, or has been significantly impacted by it. The tax credit will be equal to 50 percent of the taxpayer's eligible contribution, and the rehabilitated properties can be used for workforce housing, specifically for educators, healthcare workers, first responders, and public employees. The bill also prioritizes projects that have the support of county commissions, housing authorities, or municipal redevelopment agencies.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

To House Finance (on 02/17/2026)

bill text


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