Although the main order of business is to pass a budget, Governor Jim Justice has made it a priority to also include increasing the state’s historic tax credit to the agenda, and we’re really excited about it.
Increasing the state’s historic tax credit to 25 percent will help spark new development in West Virginia’s historic downtowns. As the statewide organization dedicated to attracting and retaining young people in the Mountain State, we know that quality of place is a driving factor for young people in choosing where they want to live and work. Young people want to be where the action is and an increase in historic tax credit will help West Virginia build walkable, vibrant communities that are especially attractive to the next generation.
After receiving widespread bipartisan support during the regular session, historic tax credit legislation ultimately failed on the final day of regular session.
But now we have another chance to increase the state’s historic tax credit, and we need your help to do it. If revitalizing your downtown is a priority to you, let your representatives know by clicking here.