WV SB448

Creates a tax credit against severance tax for eligible taxpayers who invest in road/highway infrastructure improvements or coal/natural gas production and processing facilities in West Virginia

Credit amount equals 50% of qualified expenditures, applicable against up to 20% of the taxpayer's annual severance tax liability, with unused credits carried forward for up to 10 years

Qualified investments for coal/natural gas facilities include mining equipment (continuous miners, longwall miners, roof bolters, conveyor belts), preparation plants, haul roads, mine shafts, and related infrastructure

Road/highway infrastructure improvement projects require certification from the Secretary of Transportation prior to construction, with a cap of $100,000 in total certified expenditures eligible for credit

Effective for tax years beginning on or after January 1, 2026, with provisions for credit forfeiture if property is disposed of early or facilities cease operations before the end of useful life