Loading chat...
WV SB243
Bill
Status
Enrolled
3/14/2026
Primary Sponsor
Rupert Phillips
Click for details
AI Summary
- Creates a tax credit against West Virginia severance tax for private companies that assist with disaster repair and recovery efforts on public property and infrastructure
- Credit equals 100% of certified repair and recovery expenditures, applicable against up to 20% of annual severance tax liability, with unused credits carried forward for up to 10 years
- Eligible expenses include labor, materials, equipment, debris removal, clearing, grading, and construction/repair of public infrastructure following natural disasters such as hurricanes, tornadoes, floods, earthquakes, and fires
- Secretary of the Department of Environmental Protection must certify all projects before work begins, with a cap of $5 million in total certified expenditures
- Effective for tax years beginning on or after January 1, 2026
Legislative Description
Establishing disaster repair and recovery effort tax credit for taxpayers subject to severance and business privilege tax in certain circumstances
Taxation
Last Action
Completed legislative action
3/14/2026
Committee Referrals
Finance3/4/2026
Energy and Public Works2/23/2026
Finance1/14/2026
Full Bill Text
No bill text available