Create a credit against the severance tax to encourage private companies to make infrastructure improvements to highways, roads and bridges in this state

HB 2716 creates a tax credit against West Virginia's severance tax for private companies that spend on highway infrastructure improvements or coal facility upgrades. Eligible businesses - those paying severance tax on coal production - can claim the credit for qualified expenses like road construction, mine equipment, or facility repairs. Companies must apply for certification before claiming the credit, and unused credits can be carried forward or transferred to other entities. The bill aims to encourage private investment in infrastructure projects tied to coal operations and highway improvements.