Historic Rehab Building Credit Act

HB 4016 creates a 25% state tax credit for property owners who make significant renovations to certified historic buildings in West Virginia. The credit applies to both residential and non-residential structures listed on the National Register of Historic Places or designated as contributing properties in a historic district, following federal standards for historic preservation. To qualify, renovations must meet "material rehabilitation" standards (costing at least 20% of the property’s assessed value) and be certified by the West Virginia Department of Tourism and the National Park Service. This bill replaces older, fragmented provisions with a centralized system to streamline claiming the credit and administering the program.