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WV HB4479
Bill
Status
Introduced
1/16/2026
Primary Sponsor
Gary Howell
Click for details
AI Summary
- Creates tax credits for manufacturers that transform West Virginia-harvested roundwood into value-added products like veneer, cross-laminated timber, oriented strand board, wood pellets, and fiberboard
- Standard credit rates range from $1.25 to $3 per green ton based on production volume, with an annual cap of $1.25 million per facility
- New facilities and expansions qualify for enhanced credits of $2.50 to $6 per green ton for five years, with a $2.5 million annual cap
- Credits are prorated based on the percentage of feedstock sourced from West Virginia and may be applied against corporate net income tax or personal income tax for pass-through entities
- Manufacturers who falsify records or misrepresent claims must repay 200% of improperly received credits plus interest and may face civil penalties, suspension, or permanent program disqualification
Legislative Description
Timber Innovation and Manufacturing Boost for Economic Revitalization Act
Agriculture
Last Action
To House Finance
1/16/2026
Committee Referrals
Finance1/16/2026
Full Bill Text
No bill text available