To provide amendments to the Build WV Act

HB 5678 amends the Build WV Act to replace a $150 million total project cost cap with a $2 million annual cap on new tax credit liability for projects approved in each fiscal year. It specifically allows smaller rural projects to qualify for credits while clarifying the cap applies only to new project approvals, not existing projects. The bill also establishes a Build WV Credit Reserve Fund (starting at $2 million) to cover refundable tax credits for completed projects, requiring annual adjustments based on demand and usage. These changes directly affect companies seeking Build WV tax credits by altering how credits are calculated and capped, with the reserve fund ensuring payment for approved credits.