WV HB2716

Creates a tax credit against West Virginia severance tax equal to 50% of qualified expenditures for road/highway infrastructure improvements and coal production/processing facilities

Limits the credit to 20% of a taxpayer's annual severance tax liability, with unused credits carried forward for up to 10 years

Caps total certified road and highway infrastructure improvement expenditures eligible for credit at $100,000 statewide, requiring Secretary of Transportation approval before project construction begins

Qualified coal production facility expenditures include haulroads, mine shafts, preparation plants, loadouts, continuous miners, longwall equipment, conveyor belts, and related machinery purchases, leases, or repairs

Credit becomes effective for tax years beginning on or after January 1, 2025, with forfeiture and recapture provisions if property is disposed of or ceases operation before end of useful life