WV HB2545 | 2017 | Regular Session
Status
Sponsorship: Partisan Bill (Republican 11)
Status: Introduced on February 20 2017 - 25% progression, died in committee
Action: 2017-02-20 - To House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 20 2017 - 25% progression, died in committee
Action: 2017-02-20 - To House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to increase the allowable corporation net income tax credit for qualified rehabilitated buildings investments made after June 30, 2017, from 10% to 25%. The bill also provides that the taxpayer may not combine this credit with the credit for consumers sales and service tax, but may elect the greater credit. The bill requires that the taxpayer not be in arrears in any state taxes or have a lien on the certified historic structures.
Title
Increasing the allowable corporation net income tax credit for qualified rehabilitated buildings investments
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2017-02-20 | House | To House Finance |
| 2017-02-20 | House | Introduced in House |
| 2017-02-20 | House | To Finance |
| 2017-02-20 | House | Filed for introduction |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 11 | 24 | 23a | Amended Code | Citation Text |
