Amends the Build WV Act to replace the project cost cap with a tax credit liability cap and adjust eligibility criteria.

The bill amends the Build WV Act by replacing the project cost cap with a cap on new tax credit liability. It clarifies that the cost cap applies only to new project approvals, allowing credit for smaller projects in rural areas. The bill also requires periodic review and adjustment of the cap to reflect demand and usage, and establishes a Build WV credit reserve fund adjusted annually. The fund supports the refundable portion of the property value adjustment tax credits.

Amends the Build WV Act to replace the project cost cap with a tax credit liability cap and adjust eligibility criteria.

The bill amends the Build WV Act by replacing the project cost cap with a cap on new tax credit liability. It clarifies that the cost cap applies only to new project approvals, allowing credit for smaller projects in rural areas. The bill also requires periodic review and adjustment of the cap to reflect demand and usage, and establishes a Build WV credit reserve fund adjusted annually. The fund supports the refundable portion of the property value adjustment tax credits.