WV HB5262

Creates a tax credit for commercial building owners who obtain LEED (Leadership in Energy and Environmental Design) or Green Globes green building certification for renovation and improvement costs

Credit amount equals the full cost of renovations and improvements made to achieve certification, minus any reimbursements received through other means

Credit applies against corporation net income tax first, then business franchise tax, then personal income tax for pass-through entities like partnerships and LLCs

Unused credit may be carried forward for up to three taxable years; credit is forfeited if the building ceases commercial use or certification is not maintained

Effective for tax years beginning on or after January 1, 2026, with taxpayers required to file an application with the Tax Commissioner including proof of certification