WV HB5460

Creates a sales tax refund program for construction materials purchased to build new single-family homes for ownership in West Virginia, with rebates issued at the conclusion of construction upon home sale

Limits the rebate to 30% of the sales price shown on the closing disclosure, with maximum eligible sale values calculated at 1.35 times the county or state average sales price from the annual housing index report

Allows builders who use the new home as their primary residence to use the construction loan amount instead of a sales price for rebate calculation

Prohibits assignment of refund rights to another party, and requires refund claims to be filed with the Tax Commissioner within one year of construction completion

Applies to all homes where construction begins on or after July 1, 2026