This bill proposes an amendment to the Neighborhood Investment Program in West Virginia, specifically targeting the expiration date of the program. The current law states that the program is set to terminate on July 1, 2026. However, this bill seeks to extend that termination date to July 1, 2031.

Additionally, the bill clarifies that there will be no entitlement to the tax credit for contributions made to certified projects after the new expiration date of July 1, 2031. Taxpayers who have already gained entitlement to the credit through eligible contributions made before this date will retain their entitlement and can apply the credit according to the existing requirements and limitations of the program.

Statutes affected:
Introduced Version: 11-13J-12