West Virginia SB450 establishes a tax credit for the rehabilitation of certified historic structures.

West Virginia SB450 creates a tax credit for investments in the rehabilitation of certified historic structures. The credit is equal to 25 percent of eligible rehabilitation expenses for both residential and nonresidential buildings. To qualify, structures must be reviewed by the West Virginia Division of Culture and History and certified by the National Park Service. The bill outlines procedures for claiming the credit, including the submission of a historic preservation certification application.

West Virginia SB450 establishes a tax credit for the rehabilitation of certified historic structures.

West Virginia SB450 creates a tax credit for investments in the rehabilitation of certified historic structures. The credit is equal to 25 percent of eligible rehabilitation expenses for both residential and nonresidential buildings. To qualify, structures must be reviewed by the West Virginia Division of Culture and History and certified by the National Park Service. The bill outlines procedures for claiming the credit, including the submission of a historic preservation certification application.