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WV HB4784
Bill
Status
Enrolled
3/12/2026
Primary Sponsor
Adam Burkhammer
Click for details
AI Summary
- Extends the deadline for Qualified Opportunity Zone tax benefits in West Virginia from January 1, 2024 to July 1, 2032
- Allows corporate taxpayers to subtract net income derived from qualified opportunity zone businesses located in West Virginia from their federal taxable income
- Requires businesses to be newly registered in West Virginia between January 1, 2019 and July 1, 2032 to qualify for the tax modification
- Provides a 10-year benefit period for qualifying businesses, beginning with their first full taxable year as a qualified opportunity zone business or first year reporting net income
- Preserves existing entitlements for taxpayers already qualifying, allowing them to retain benefits for the remainder of their 10-year period even after the program terminates
Legislative Description
Extending the Qualified Opportunity Zones until July 1, 2032.
Economic Development
Last Action
House received Senate message
3/13/2026
Committee Referrals
Finance3/4/2026
Finance2/12/2026
Government Organization1/23/2026
Full Bill Text
No bill text available