Establishes a tax rebate for new home construction in West Virginia, effective July 1, 2026.

The Construction Cost Relief Act establishes a tax rebate for new home construction in West Virginia. The rebate applies to the sales price of the home, as established on the "Closing Disclosure." The rebate is available to new home builders who use the home as their primary residence. The rebate is calculated using the annual housing index report and must be claimed within one year of construction completion. The right to receive any refund is non-assignable. The rebate applies only to homes for which construction begins on or after July 1, 2026.

Establishes a tax rebate for new home construction in West Virginia, effective July 1, 2026.

The Construction Cost Relief Act establishes a tax rebate for new home construction in West Virginia. The rebate applies to the sales price of the home, as established on the "Closing Disclosure." The rebate is available to new home builders who use the home as their primary residence. The rebate is calculated using the annual housing index report and must be claimed within one year of construction completion. The right to receive any refund is non-assignable. The rebate applies only to homes for which construction begins on or after July 1, 2026.