ENROLLED
H. B. 2830

(By Delegates Kiss, Browning, Compton and Wallace)
[Passed March 11, 1995; in effect from passage.]

AN ACT to amend and reenact section eight-f, article twenty-one, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended, relating to the historic buildings preservation tax credit against the personal income tax and extending the credit to expire on the last day of December, one thousand nine hundred ninety-seven.

Be it enacted by the Legislature of West Virginia:
That section eight-f, article twenty-one, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended, be amended and reenacted to read as follows:
ARTICLE 21. PERSONAL INCOME TAX.
§11-21-8f. Termination of credit by law.
The tax credit allowed by this section shall be terminated on the thirty-first day of December, one thousand nine hundred ninety- seven: Provided, That for those rehabilitation projects for which a completed Part 2 (Description of Rehabilitation) of the historic preservation certification application was filed with the West Virginia division of culture and history prior to that date and subsequently approved in accordance with section eight-c of this article, the credit shall continue to be allowed pursuant to this article.
The West Virginia division of culture and history shall provide a full disclosure of applications for credit made and of credits granted pursuant to this section to the joint committee on government and finance and to the governor annually. The first report shall be presented on or before the first day of January, one thousand nine hundred ninety-five.