West Virginia Senate Bill 2004 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on October 17 2017 - 25% progression, died in committee
Action: 2017-10-17 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]

The purpose of this bill is to increase the amount of tax credit for qualified rehabilitation expenditures on historic structures to be used against personal and corporate net income taxes from 10 percent to 25 percent for expenditures made on or after December 31, 2017, to provide for use of the tax credit on or after January 1, 2020, and to make these changes subject to certain annual and per-project caps. Also, this bill provides for a five-year sunset period on the historic tax credit.

Relating to tax credits for rehabilitation of historic buildings and structures

Sen. Mitch Carmichael [R]

Sen. Roman Prezioso [D]

Date	Chamber	Action
2017-10-17	Senate	To Finance
2017-10-17	Senate	Introduced in Senate
2017-10-17	Senate	To Finance
2017-10-17	Senate	Filed for introduction

HB203 (Similar To) 2017-10-25 - Chapter 5, Acts, 2nd Extraordinary Session, 2017

Chapter	Article	Section	Citation Type	Statute Text
11	21	8a	Amended Code	Citation Text
11	21	8e	Amended Code	Citation Text
11	24	23a	Amended Code	Citation Text
11	24	23e	Amended Code	Citation Text

Type	Source
Summary	http://www.legis.state.wv.us/Bill_Status/Bills_history.cfm?input=2004&year=2017&sessiontype=2X&btype=bill
Text	http://www.legis.state.wv.us/Bill_Status/bills_text.cfm?billdoc=sb2004%20intr.htm&yr=2017&sesstype=2X&i=2004