WV HB3247

Creates a tax credit for commercial building owners who make renovations and improvements to achieve LEED (Leadership in Energy and Environmental Design) or Green Globes green building certification

Credit amount equals the full cost of renovations and improvements needed to obtain certification, minus any reimbursements received from other sources

Credit applies sequentially against corporation net income tax, business franchise tax, and personal income tax, with pass-through treatment available for LLCs, partnerships, and S corporations

Unused credits may be carried forward for up to three taxable years following the year certification is received

Taxpayers must maintain green building certification or face recapture of all previously claimed credits; effective for tax years beginning January 1, 2025