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West Virginia Governor Signs Bill Eliminating State HTC Caps

Tuesday, April 5, 2022 - 8:45AM

West Virginia Gov. Jim Justice signed legislation that eliminates the transaction cap and the annual statewide cap for the state historic tax credit (HTC). H.B. 4568 removes the $10 million transaction cap and $30 million annual statewide cap. The legislation also allows phased rehabilitations for any project completed after July 1, 2022. The bill’s other provisions are effective June 9.

The Novogradac Introduction to Historic Tax Credits booklet explains the basics of the HTC incentive.

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