House Finance met this afternoon to consider the following:
House Bill 5025 was requested by the state Tax Division. The bill eliminates the additional 1.5 percent interest rate for underpayments effective January 1, 2024.
House Bill 4507 creates a tax credit of 25 percent of the cost of replacing façades of buildings with no historical value within historical districts. The bill requires that the replacement façade complement the historical buildings and not degrade the historical façades.
House Bill 4548 authorizes the application of the manufacturing investment tax credit and the manufacturing property tax adjustment credit against personal income tax.
House Bill 5134 provides for a deceased disabled veteran real property exemption for widowed spouses.
House Bill 5399 moves the audits of the state’s volunteer and part-volunteer fire departments from the Legislative Auditor to the State Auditor. The State Auditor will select up to ten volunteer fire departments to participate in a pilot program using the State Auditor’s WV Checkbook fiscal reporting system to assess how the transition to the new account reporting system will work in the VFDs.
House Bill 5435 establishes an apprenticeship to associate of applied science degree program to be administered by the Council for Community and Technical College Education. Students must be enrolled in an apprenticeship recognized by the US Department of Labor or have received a Certificate of Completion from the US Department of Labor for an apprenticeship. Eligible students would then be able to earn at least 15 credit hours of general education towards an associate of applied science degree.
House Bill 5548 clarifies tourism development projects and tourism development expansion projects are subject to standards approved by the Department of Economic Development.
House Bill 4882 extends in-state tuition rates to all members of the armed forces, National Guard, reserves, and veterans, as well as their spouses and dependents. Currently, they must move here and wait a year to qualify for in-state tuition. The committee substitute clarifies the eligibility for instate tuition does not preclude them from other waivers for tuition.
