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WV HB2161
Bill
Status
2/12/2025
Primary Sponsor
Vernon Criss
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AI Summary
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Reduces the minimum job creation requirement from 300 to 50 full-time employees for warehouse and distribution facilities to qualify for sales and use tax exemptions on computers, software, material handling equipment, racking systems, building materials, and related tangible personal property
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Maintains the existing $50 million minimum investment threshold for qualified new or expanded warehouse and distribution facilities to receive the tax exemption
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Requires employees to be West Virginia domiciled residents working at least 140 hours per month at minimum wage or higher to count toward the job creation threshold
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Facilities must maintain the 50-employee minimum for 10 years after the expansion period ends or face assessment of previously exempted taxes, penalties, and interest
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Changes take effect for purchases made in taxable years beginning on and after January 1, 2026
Legislative Description
Relating to consumers sales and service tax and use tax exemption for certain goods to be incorporated into a qualified, new or expanded warehouse or distribution facility
Taxation
Last Action
To House Finance
2/12/2025