West Virginia HB5388 creates a tax credit for independent businesses in the state's motorist services logo signing program.
West Virginia HB5388 establishes a tax credit for independently owned businesses participating in the official motorist services logo signing program. This bill aims to support local businesses by allowing them to claim a credit equal to 100% of their signage expenses paid to the West Virginia Division of Highways. The credit is available to businesses that maintain their principal place of business in West Virginia, are at least 51% owned by West Virginia residents, operate fewer than five locations in the state, and are not bound by contracts requiring national branding.
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- Core Provisions
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- Impact
- Legal Framework
- Critical Issues
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