SB 622
Extending mine safety technology tax credit
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
Senate Bill 622 seeks to extend the existing tax credit available to West Virginia coal mines for investing in innovative safety technology. Currently, the tax credit was set to expire at the end of 2025. This bill would push the expiration date to December 31, 2028, providing continued incentives for mine operators to adopt new safety measures. The bill focuses solely on extending the duration of the existing tax credit program.
Key provisions
- Extends the mine safety technology tax credit.
- Changes the expiration date of the tax credit from December 31, 2025 to December 31, 2028.
- Applies to West Virginia coal mines.
- Relates to §11-13BB-14 of the Code of West Virginia.
Who is affected
- West Virginia coal mines
- Mine operators
- Coal industry
Notable changes
- Extends the existing tax credit program.
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