This bill amends and reenacts section 64-7-1 of the Code of West Virginia, 1931, to authorize the Tax Department to promulgate a legislative rule concerning commercial patent incentives tax credits. Specifically, it approves the legislative rule that was filed in the State Register on July 25, 2025, under the authority of 11-13AA-10 of the code, which pertains to these tax credits.

The primary aim of this legislation is to facilitate the implementation of tax incentives for commercial patents, thereby encouraging innovation and economic growth within the state. As this section is newly introduced, there are no deletions or existing legal language being modified.

Statutes affected:
Introduced Version: 64-7-1