Relating to credit for qualified rehabilitated buildings investment

HB 3486 creates a tax credit for property owners who rehabilitate certified historic buildings in West Virginia. It offers a 10% credit (increasing to 25% for projects after December 2017) on qualified rehabilitation costs for buildings designated as "certified historic" by the West Virginia Division of Culture and History and the National Park Service. The bill allows phased rehabilitation projects (where work occurs in stages), permitting owners to claim credits for completed phases once certified, provided all phases are finished within 60 months. This credit directly affects owners of qualifying historic properties who meet tax compliance requirements and complete certified rehabilitation work.