West Virginia HB4162 offers tax credits for businesses and property owners investing in property rehabilitation and economic development.

West Virginia HB4162 establishes the West Virginia Economic Development and Property Revitalization Tax Credit Act of 2026. It provides tax credits to businesses and property owners who invest in property rehabilitation and economic development projects. Businesses can claim a tax credit equal to 25% of eligible investment costs, up to $2 million per project. Property owners can claim a property tax credit equal to 50% of the increase in assessed property value due to redevelopment, applied annually for up to five years.

West Virginia HB4162 offers tax credits for businesses and property owners investing in property rehabilitation and economic development.

West Virginia HB4162 establishes the West Virginia Economic Development and Property Revitalization Tax Credit Act of 2026. It provides tax credits to businesses and property owners who invest in property rehabilitation and economic development projects. Businesses can claim a tax credit equal to 25% of eligible investment costs, up to $2 million per project. Property owners can claim a property tax credit equal to 50% of the increase in assessed property value due to redevelopment, applied annually for up to five years.