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West VirginiaSB 2432026 Regular SessionSenate

Establishing disaster repair and recovery effort tax credit for taxpayers subject to severance and business privilege tax in certain circumstances

Sponsored By: Rupie Phillips (Republican)

Signed by Governor

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 1 costs, 1 mixed.

Severance taxpayers get disaster repair credit

If you pay West Virginia severance tax, you can get a credit for DEP‑certified disaster repair and recovery costs, up to $500,000 per disaster. You claim the credit for the year the work is finished and certified. You can use up to 20% of your annual severance tax each year, and take one‑twelfth each month. Unused amounts carry forward for up to 10 years; no carryback. The credit applies to tax years that begin on or after January 1, 2026. After a change in form where the original owner keeps control, or a sale to a successor that keeps operating in West Virginia, the remaining credit transfers.

Apply within 72 hours to claim credit

You cannot claim the credit until the DEP certifies your project. You must apply to the Secretary within 72 hours of starting work and include a description and cost estimate; you can amend your filing. With your severance tax returns, include proof that shows how you computed the credit; the Tax Commissioner may require more. Keep records that support your costs. DEP and the Tax Commissioner issue rules, including emergency rules. Only $5 million in expenses can be certified each year; once reached, new applications stop for that year.

Sponsors & Cosponsors

Sponsor

  • Rupie Phillips

    Republican • Senate

Cosponsors

  • Chris Rose

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 156 • No: 2

Senate vote • 3/14/2026

Senate concurred in House amendments and passed bill (Roll No. 622)

Yes: 34 • No: 0

House vote • 3/13/2026

Passed House (Roll No. 522)

Yes: 89 • No: 2

Senate vote • 2/20/2026

Passed Senate (Roll No. 160)

Yes: 33 • No: 0

Actions Timeline

  1. Chapter 276, Acts, Regular Session, 2026

    6/25/2026Senate

  2. Approved by Governor 4/1/2026

    4/1/2026Senate

  3. To Governor 3/18/2026

    3/18/2026Senate

  4. House Message received

    3/14/2026Senate

  5. Senate concurred in House amendments and passed bill (Roll No. 622)

    3/14/2026Senate

  6. Communicated to House

    3/14/2026Senate

  7. Completed legislative action

    3/14/2026Senate

  8. To Governor 3/18/2026 - Senate Journal

    3/14/2026Senate

  9. Approved by Governor 4/1/2026 - Senate Journal

    3/14/2026Senate

  10. Approved by Governor 4/1/2026 - House Journal

    3/14/2026House

  11. On 3rd reading, Special Calendar

    3/13/2026House

  12. Read 3rd time

    3/13/2026House

  13. Passed House (Roll No. 522)

    3/13/2026House

  14. Communicated to Senate

    3/13/2026House

  15. On 2nd reading, Special Calendar

    3/12/2026House

  16. Read 2nd time

    3/12/2026House

  17. Amendment reported by the Clerk

    3/12/2026House

  18. Amendment rejected (Voice vote)

    3/12/2026House

  19. Committee amendment adopted (Voice vote)

    3/12/2026House

  20. On 1st reading, Special Calendar

    3/11/2026House

  21. Read 1st time

    3/11/2026House

  22. With amendment, do pass

    3/10/2026House

  23. With amendment, do pass, but first to Finance

    3/4/2026House

  24. To House Finance

    3/4/2026House

  25. Markup Discussion

    3/2/2026House

Bill Text

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