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WV HB5675

Bill

Official Source

Status

Introduced

2/17/2026

Primary Sponsor

Gary Howell

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Creates a nonrefundable tax credit for West Virginia businesses that replace imported goods with goods manufactured in-state by qualified West Virginia manufacturers
  • Provides a 25% credit on the initial value of reshored purchases, with declining credits of 20%, 15%, 10%, and 5% for continued purchases in years two through five
  • Caps the annual tax credit at $1 million per eligible taxpayer and limits unused credit carryforward to two years with no carryback allowed
  • Requires certification through the Office of Economic Development and verification by an independent certified public accountant before credits can be claimed
  • Takes effect July 1, 2026, and expires December 31, 2030, unless reauthorized by the Legislature

Legislative Description

WV Reshoring Manufacturing Act

Economic Development

Last Action

To House Finance

2/17/2026

Committee Referrals

Finance2/17/2026

Full Bill Text

No bill text available