West Virginia HB4016 creates a tax credit for rehabilitating historic buildings.

West Virginia HB4016 establishes a tax credit for rehabilitating historic buildings, available for both residential and nonresidential structures. The credit is equal to 25 percent of qualified rehabilitation expenditures. To qualify, the building must be listed in the National Register of Historic Places or located in a historic district. The credit can be claimed against state income taxes and can be transferred or sold.

West Virginia HB4016 creates a tax credit for rehabilitating historic buildings.

West Virginia HB4016 establishes a tax credit for rehabilitating historic buildings, available for both residential and nonresidential structures. The credit is equal to 25 percent of qualified rehabilitation expenditures. To qualify, the building must be listed in the National Register of Historic Places or located in a historic district. The credit can be claimed against state income taxes and can be transferred or sold.