HB 4015
Tourism Development Act Credit.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill amends West Virginia code to broaden the definition of a ‘tourism attraction’ under the Tourism Development Act. Specifically, it includes lodging facilities within the definition, allowing them to qualify for the state’s tourism development project tax credit. This change aims to incentivize investment in lodging options that contribute to tourism development within the state.
Key provisions
- Expands the definition of ‘tourism attraction’ to include lodging facilities.
- Allows lodging facilities to be eligible for the Tourism Development Act credit.
- Clarifies definitions related to ‘project,’ ‘approved company,’ and ‘qualified professional services destination facility.’
- Defines ‘base tax revenue amount’ for credit calculations.
- Specifies which costs are included and excluded from ‘approved costs’.
Who is affected
- Tourism businesses
- Lodging facilities
- Developers of tourism projects
- The West Virginia Department of Economic Development
- Taxpayers
Notable changes
- Previously, lodging facilities were excluded from qualifying for the Tourism Development Act credit.
- The bill clarifies specific criteria for lodging facilities to qualify, such as minimum guest room numbers and substantial reconstruction requirements.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Hanshaw (Mr. Speaker)
Cosponsor
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yours