ENROLLED

Senate Bill No. 522

(By Senator Tomblin, Mr. President)

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[Passed March 11, 1999; in effect from passage.]

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AN ACT to amend and reenact section twenty-three-f, article twenty-four, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended, relating to continuing the tax credit for qualified historic rehabilitated buildings investment.

Be it enacted by the Legislature of West Virginia:
That section twenty-three-f, article twenty-four, 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 24. CORPORATION NET INCOME TAX.

§11-24-23f. Credit allowed for specific taxable years.
Subject to the provisions of section twenty-three-e of this article, the credit authorized in section twenty-three-a of this article, for investment in a rehabilitated building made by a taxpayer in the any taxable year beginning on the first day of January nineteen one thousand nine hundred and ninety-five, and thereafter, shall be allowed against the tax imposed by this article in the applicable taxable year. beginning on the first day of January nineteen hundred and ninety-six The tax commissioner shall require disclosure of information regarding the credits allowed in section twenty-three-a of this article in accordance with the provisions of section five-s, article ten of this chapter.