WV SB131

Creates a 50% tax credit against severance tax for eligible taxpayers who make qualified expenditures on road/highway infrastructure improvements or coal production and processing facilities

Limits the credit application to 20% of annual severance tax liability, with unused credits carried forward up to 10 years

Caps total certified expenditures for road/highway infrastructure improvements at $100,000, requiring approval from the Secretary of Transportation before project construction begins

Defines qualified coal production investments to include equipment purchases, repairs, and leases for items such as continuous miners, longwall miners, conveyor belts, preparation plants, and haul roads, with credit percentage based on useful life (0% under 4 years, up to 100% for 8+ years)

Takes effect for tax years beginning on or after January 1, 2027