This bill proposes an amendment to the West Virginia Innovative Mine Safety Technology Tax Credit Act, specifically targeting the termination date of the tax credit. Currently, the tax credit is set to terminate on December 31, 2025. The bill seeks to extend this termination date to December 31, 2028.

The primary purpose of this legislation is to provide continued support for innovative mine safety technologies by allowing businesses to benefit from the tax credit for an additional three years. This extension aims to encourage further investment in mine safety advancements, ultimately enhancing the safety and well-being of miners in West Virginia.

Statutes affected:
Introduced Version: 11-13BB-14