Housing (Historic Preservation)

HB 4858 establishes a 25% state income tax credit for property owners who rehabilitate certified historic buildings in West Virginia. It directly affects residential and commercial property owners who restore structures listed on the National Register of Historic Places or designated as "certified historic structures" by the National Park Service and West Virginia Division of Culture and History. The bill defines "qualified rehabilitation expenditures" using federal standards (26 U.S.C. §47), requires projects to meet Secretary of the Interior rehabilitation standards, and creates a centralized process for claiming the credit. It replaces older, fragmented provisions with a unified system and includes procedures for credit recapture if requirements aren't met.

SB 389 creates a 25% state income tax credit for property owners who rehabilitate certified historic buildings in West Virginia. The credit applies to both residential and non-residential buildings listed on the National Register of Historic Places or located in designated historic districts, as certified by the West Virginia Department of Tourism and the National Park Service. To qualify, rehabilitation work must meet "Secretary of the Interior's Standards" and cost at least 20% of the property's assessed value. Property owners can claim this credit against income taxes imposed under specific sections of the state tax code.

SB 450 establishes a 25% state income tax credit for property owners who rehabilitate certified historic buildings in West Virginia. It directly affects residential and non-residential property owners who work on structures listed on the National Register of Historic Places or within designated historic districts, after review by the West Virginia Division of Culture and History. The credit applies to "qualified rehabilitation expenditures" meeting specific criteria, including a requirement that rehabilitation costs equal at least 20% of the building's assessed value. The bill reorganizes existing historic preservation tax rules into a new centralized article (§11-13NN) with defined terms and procedures for claiming the credit.