Creating WV Short Line Railroad Modernization Act

Added a sunset date provision stating the act expires on July 1, 2030, unless reenacted by the Legislature.

Updated the maximum credit limits for new rail infrastructure from specific dollar amounts ($2,000,000 and $5,000,000) to written amounts ($2 million and $5 million) for clarity.

Added a new definition for 'Department' to refer to the West Virginia Department of Revenue and clarified the definition of 'Eligible taxpayer' to include disregarded entities.

Changed the administrative body referenced in the bill from 'State Tax Department' to 'Tax Commissioner' for consistency and accuracy.

Expanded the list of bill sponsors to include Senator Rucker and updated the bill's description to include new sections on credit transfer and sunset dates.

Added a sunset provision stating no tax credits are available for expenditures incurred after July 1, 2030, establishing a 5-year window from the bill's effective date for claiming credits.