This bill aims to amend and reenact section 64-7-1 of the Code of West Virginia, 1931, to authorize the Tax Department to promulgate a legislative rule concerning the High-Wage Growth Business Tax Credit. Specifically, it references the legislative rule filed in the State Register on March 31, 2025, which is identified as 110 CSR 13II. The primary purpose of this legislation is to provide the necessary authorization for the Tax Department to implement the aforementioned rule, thereby facilitating the administration of the High-Wage Growth Business Tax Credit. The bill does not include any deletions from current law, as the section being amended is new and does not contain any existing legal language that is being removed.

Statutes affected:
Introduced Version: 64-7-1