WV HB2510 | 2023 | Regular Session


Spectrum: Partisan Bill (Republican 11-0)
Status: Introduced on January 13 2023 - 25% progression, died in chamber
Action: 2023-03-11 - On 2nd reading, House Calendar
Text: Latest bill text (Introduced) [HTML]


The purpose of this bill is to create the Critical Mineral Investment Tax Credit Act of 2023. The bill exempts rare earth elements, critical minerals, and carbon-based products otherwise taxed elsewhere in code. The amount of credit allowable depends upon the cost of the qualified investment property and the number of new jobs created. Property that qualifies for another tax credit in chapter 11 of the West Virginia Code is not eligible for credit under this bill. Similarly, qualified investment property under this bill is not eligible for another credit under chapter 11 of the code. The bill includes rules for administration and enforcement of the credit. If enacted, the credit would apply to qualified investment property placed in service or use at a rare earth element or critical mineral mining or processing facility, or a manufacturing facility that uses rare earth elements or critical minerals in this state. The bill allows for qualified investment. The bill provides for an effective date. Finally, the bill establishes clear legal right to the title of chemical compounds, elements, and substances that are derived from the treatment of acid mine drainage on mined lands.

Tracking Information

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To establish the Rare Earth Element and Critical Mineral Investment Tax Credit Act



2023-03-11HouseOn 2nd reading, House Calendar
2023-01-31HousePlaced on House Calendar
2023-01-31HouseOn 2nd reading, Special Calendar
2023-01-30HousePostponed on 2nd reading, Special Calendar, until 1/31/23
2023-01-30HouseOn 2nd reading, Special Calendar
2023-01-27HouseRead 1st time
2023-01-27HouseOn 1st reading, Special Calendar
2023-01-26HouseDo pass
2023-01-13HouseTo House Economic Development and Tourism
2023-01-13HouseIntroduced in House
2023-01-13HouseTo Economic Development and Tourism
2023-01-13HouseFiled for introduction


Code Citations

ChapterArticleSectionCitation TypeStatute Text
1113MM1New CodeSee Bill Text
1113MM10New CodeSee Bill Text
1113MM11New CodeSee Bill Text
1113MM12New CodeSee Bill Text
1113MM13New CodeSee Bill Text
1113MM14New CodeSee Bill Text
1113MM15New CodeSee Bill Text
1113MM16New CodeSee Bill Text
1113MM17New CodeSee Bill Text
1113MM18New CodeSee Bill Text
1113MM19New CodeSee Bill Text
1113MM2New CodeSee Bill Text
1113MM20New CodeSee Bill Text
1113MM21New CodeSee Bill Text
1113MM3New CodeSee Bill Text
1113MM4New CodeSee Bill Text
1113MM5New CodeSee Bill Text
1113MM6New CodeSee Bill Text
1113MM7New CodeSee Bill Text
1113MM8New CodeSee Bill Text
1113MM9New CodeSee Bill Text

West Virginia State Sources

Bill Comments