Tax Department rule relating to Downstream Natural Gas Manufacturing Investment Tax Credit

SB 302 authorizes West Virginia's Tax Department to establish a formal rule governing the Downstream Natural Gas Manufacturing Investment Tax Credit. This rule, previously filed in the State Register on March 31, 2025, provides specific guidelines for businesses involved in natural gas processing or manufacturing to claim the tax credit. The bill itself does not change the tax credit's eligibility or amount but formally authorizes the department to implement the existing proposed rule. It directly affects natural gas manufacturers seeking to utilize this tax incentive.