West Virginia Bill Would Exempt New OZ Businesses from Income Tax for 10 Years

Friday, February 22, 2019 - 12:45pm

A bill introduced in the West Virginia House of Delegates would exempt new qualified opportunity zone businesses from corporate net income tax and personal income tax for the first 10 years of their operation. HB2828 would require a business to be newly registered in West Virginia on Jan. 1, 2019, or later and would be effective for taxable years beginning Jan. 1, 2019.