HB 3218
WV Economic Development and Property Revitalization Tax Credit
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates the West Virginia Economic Development and Property Revitalization Tax Credit Act of 2025, designed to encourage investment in distressed properties and stimulate economic growth across the state. It offers tax credits to businesses and property owners who renovate or redevelop commercial, industrial, or mixed-use properties, create jobs, and increase property values. The Act includes additional incentives for projects in rural and underserved areas, as well as for brownfield and historic property rehabilitation, and streamlines the permitting process for qualifying projects.
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