Build Wv Act. | Midpage

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West Virginia Code

2L

Build Wv Act.

5B-2L-1Short title.5B-2L-2Legislative findings and purpose.5B-2L-3Definitions.5B-2L-4Rule-making.5B-2L-5Application of the West Virginia Tax Procedure and Administration Act and West Virginia Tax Crimes and Penalties Act.5B-2L-6Effective date, expiration date and required reporting.5B-2L-7Consumers sales and service tax and use tax exemption for construction contractors.5B-2L-8Municipal authority to exempt business and occupation tax.5B-2L-9Eligibility for property value adjustment tax credit.5B-2L-10Amount of property value adjustment tax credit allowed.5B-2L-11Application of annual credit allowance.5B-2L-12Property value adjustment tax credit entitlement is retained by eligible taxpayers that have developed project property, transfer of credit to transferees of project property is prohibited.5B-2L-13Credit recapture; interest; penalties; additions to tax; statute of limitations.5B-2L-14Designation of a certified district.5B-2L-15Project administration and certification.5B-2L-16Project application; evaluation standards; approval of projects.5B-2L-17Agreement between Department of Economic Development and approved company or approved group of multiple party project participants.