West VirginiaNeighborhood investment tax credits end for later contributions in 2031
The Neighborhood Investment Program Act ends July 1, 2031, and taxpayers keep credits for eligible earlier contributions but cannot claim credits for later ones.
What it does
The Neighborhood Investment Program Act terminates on July 1, 2031, unless another law ends it sooner.
Taxpayers cannot claim credits for contributions made after July 1, 2031. They keep credits earned on earlier eligible contributions, subject to the program's rules and limits.
Argument forTaxpayers could plan around a clear end date while keeping credits for eligible contributions they made before it.
Argument againstThe cutoff could make it harder for certified projects to attract contributions after July 1, 2031, because those gifts will not earn tax credits.
More detail
The Neighborhood Investment Program Act terminates on July 1, 2031, unless another law ends it sooner. This applies to the Neighborhood Investment Program Act. Another law may terminate the Act sooner. The Act terminates on July 1, 2031, unless terminated sooner by law.
Taxpayers receive no credit for contributions made after July 1, 2031, and keep credits earned on eligible earlier contributions. This applies to taxpayers contributing to certified projects and to credits earned through eligible contributions. Earlier contributions must be eligible and made to certified projects. Taxpayers must use retained credits under the article's requirements and limits. The cutoff applies to contributions made after July 1, 2031. Credits earned on earlier eligible contributions remain available under the article.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 29Chapter 243, Acts, Regular Session, 2026Latest
- Apr 1Approved by Governor Patrick Morrisey 4/1/2026Major
- Mar 25To Governor 3/25/26To Governor
- Mar 14Approved by Governor Patrick Morrisey 4/1/2026 - House JournalMajor
- Mar 14Approved by Governor Patrick Morrisey 4/1/2026 - Senate JournalBecame Law
- Mar 14To Governor 3/25/2026 - Senate JournalMinor
- Mar 13House received Senate message
- Mar 12Completed legislative action
- Vote recorded Passage. Result: pass.Upper
- Mar 12Communicated to House
- Mar 12Passed Senate (Roll No. 507)Passed Senate
- Mar 12Read 3rd timeMinor
- Mar 12On 3rd reading
- Mar 11Read 2nd timeMinor
- Mar 11On 2nd reading
- Mar 10Read 1st timeMinor
- Mar 10Immediate consideration
- Mar 10Reported do passMinor
- Mar 4To FinanceMinor
- Mar 4To FinanceMinor
- Mar 4Introduced in SenateMinor
- Mar 2Communicated to Senate
- Vote recorded PASSAGE. Result: pass.Lower
- Mar 2Passed House (Roll No. 246)Passed House
- Mar 2Read 3rd timeMinor
- Mar 2On 3rd reading, Special Calendar
- Feb 27Read 2nd timeMinor
- Feb 27On 2nd reading, Special Calendar
- Feb 26Read 1st timeMinor
- Feb 26On 1st reading, Special Calendar
- Feb 25Do pass
- Feb 9To House FinanceMinor
- Feb 9Introduced in HouseMinor
- Feb 9To FinanceMinor
- Feb 9Filed for introductionIntroduced
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