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WV SB939
Bill
Status
Introduced
2/13/2026
Primary Sponsor
Glenn Jeffries
Click for details
AI Summary
- Creates a nonrefundable tax credit of 25% for businesses that replace imported foreign goods with goods manufactured in West Virginia by qualified in-state manufacturers
- Provides declining annual credits for continued reshoring purchases over five years: 20% in year two, 15% in year three, 10% in year four, and 5% in year five
- Caps the total tax credit at $1 million per eligible taxpayer per taxable year
- Requires verification through an independent certified public accountant and certification by the Office of Economic Development before credits can be claimed
- Takes effect July 1, 2026, and expires December 31, 2030, unless reauthorized by the Legislature
Legislative Description
Creating WV Reshoring Manufacturing Act
Taxation
Last Action
To Finance
2/24/2026
Committee Referrals
Finance2/24/2026
Economic Development2/13/2026
Full Bill Text
No bill text available