tax credit

Charles Town, Jefferson County, Charles Washington Hall, Historic Rehabilitation Tax Credit
Liz McCormick / West Virginia Public Broadcasting

The West Virginia State Historic Preservation Office is presenting a training session on a tax credit program and changes that become effective in January.

Liz McCormick / West Virginia Public Broadcasting

West Virginia’s historic rehabilitation tax credit was put in place to encourage developers and property owners to take some of the state’s crumbling, historic structures and get them back into working order. The credit is also supposed to encourage the creation of local jobs while repurposing the underutilized buildings.

But the state’s tax credit is 10 percent, and a coalition of architects, economic developers, and others say that’s not enough to encourage the community development they’d like to see. That same group is now traveling the state looking for support as they prepare to ask state lawmakers to increase the tax credit.

islandjoe / creativecommons.org

The Committee on Transportation and Infrastructure approved a committee substitute Friday to Senate Bill 16, a bill that would provide up to one million dollars in tax credits to any company delivering broadband service to certain hard-to-reach rural areas.