Sign Up For Novogradac Industry Alert Emails

West Virginia Legislation to Remove Transaction, Statewide HTC Caps Goes to Governor

Wednesday, March 16, 2022 - 12:15PM

A bill in West Virginia that would remove the transaction cap and annual statewide cap for the state historic tax credit (HTC) has passed both chambers of the Legislature and advanced to the desk of Gov. Jim Justice. H.B. 4568 would remove both the current $10 million transaction cap and $30 million annual statewide cap and would also allow phased rehabilitations. The bill was approved 33-0 in the Senate and 93-2 in the House.

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

Learn more about Novogradac's expertise and many services