Providing a tax credit for obtaining certain certifications by the United States Green Building Council Leadership in Energy and Environmental Design green building rating system

HB 3247 creates a tax credit for commercial building owners in West Virginia who pay for renovations to achieve LEED or Green Globes green building certification. The credit equals the actual cost of these renovations (minus any reimbursements received), directly reducing corporate income tax liability. It applies to owners of commercial buildings seeking certification through the U.S. Green Building Council's LEED system or the Green Globes Building Initiative. The credit can be applied against multiple taxes, including corporate income tax and business franchise tax, with unused portions potentially offsetting personal income tax.