West Virginia Code
Chapter 5B. Economic Development Act of 1985
Article 2L. Build WV Act

§5B-2L-1. Short Title - 5B-2L-1. Short title. This article shall be known as the...

§5B-2L-2. Legislative Findings and Purpose - (a) The Legislature hereby finds that reasonably priced residential housing...

§5B-2L-3. Definitions - (a) General. When used in this article, or in the...

§5B-2L-4. Rule-Making - (a) In order to effectuate the purposes of this article,...

§5B-2L-5. Application of the West Virginia Tax Procedure and Administration Act and West Virginia Tax Crimes and Penalties Act - The provisions of this article are subject to the West...

§5B-2L-6. Effective Date, Expiration Date and Required Reporting - (a) Effective July 1, 2024, and annually thereafter, the Department...

§5B-2L-7. Consumers Sales and Service Tax and Use Tax Exemption for Construction Contractors - 5B-2L-7. Consumers sales and service tax and use tax exemption...

§5B-2L-8. Municipal Authority to Exempt Business and Occupation Tax - 5B-2L-8. Municipal authority to exempt business and occupation tax. Notwithstanding...

§5B-2L-9. Eligibility for Property Value Adjustment Tax Credit - 5B-2L-9. Eligibility for property value adjustment tax credit. There shall...

§5B-2L-10. Amount of Property Value Adjustment Tax Credit Allowed - (a) Amount of credit. (1) The amount of total property...

§5B-2L-11. Application of Annual Credit Allowance - (a) Application of annual property value adjustment tax credit against...

§5B-2L-12. Property Value Adjustment Tax Credit Entitlement Is Retained by Eligible Taxpayers That Have Developed Project Property, Transfer of Credit to Transferees of Project Property Is Prohibited - (a) Transfer or sale of assets. (1) Where there has...

§5B-2L-13. Credit Recapture; Interest; Penalties; Additions to Tax; Statute of Limitations - (a) If it appears upon audit or otherwise that any...

§5B-2L-14. Designation of a Certified District - 5B-2L-14. Designation of a certified district. (a) A certified BUILD...

§5B-2L-15. Project Administration and Certification - (a) The Department of Economic Development has the following powers...

§5B-2L-16. Project Application; Evaluation Standards; Approval of Projects - (a) Each eligible company or group of multiple party project...

§5B-2L-17. Agreement Between Department of Economic Development and Approved Company or Approved Group of Multiple Party Project Participants - (a) The Department of Economic Development, upon final approval of...