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 the Downstream Natural Gas Manufacturing Investment Tax Credit. Specifically, it grants the Tax Department the authority to implement the rule that was filed in the State Register on March 31, 2025, under the existing authority of 11-13GG-16 of the code.

The bill aims to facilitate the establishment of regulations that will govern the Downstream Natural Gas Manufacturing Investment Tax Credit, thereby supporting investment in the natural gas manufacturing sector. As this section is newly introduced, there are no deletions or existing legal language being modified.

Statutes affected:
Introduced Version: 64-7-1