WV HB4013

Creates the Mountaineer Flexible Tax Credit Act of 2026 to encourage economic development through business tax incentives for qualifying projects including manufacturing, warehousing, data centers, research facilities, and regional headquarters

Requires a minimum qualified investment of $2.5 million or creation of at least 10 new full-time jobs paying wages subject to state income tax withholding, with full-time defined as 1,820 hours annually (35 hours per week)

Calculates tax incentives as 1.5% of manufacturing machinery costs, 7% of non-manufacturing equipment costs, 2% of construction contract costs, plus additional percentages based on job creation and wage levels relative to state/county averages

Provides enhanced incentives (additional 30% of payroll) for projects creating 50+ jobs with $10 million+ investment and wages at 110% of average, or 25+ jobs with wages at 125% of average, when employer-subsidized health insurance is offered

Prohibits qualified businesses from claiming other state tax credits or exemptions for certified projects and requires annual performance reporting to the Department of Commerce with potential incentive adjustments based on actual results