April 4, 2022, 5:00 AM
The West Virginia Governor March 30 signed a law establishing the BUILD WV Act for sales and use tax, corporate income, and individual income tax purposes. The law includes measures: 1] creating a state and local consumers sales and service tax and use tax exemption for contractors and subcontractors on purchases of tangible personal property and services directly used to construct certified BUILD WV projects of low-income housing for graduate, post-graduate, professional, and technical personnel; 2] authorizing a municipality to exempt gross receipts from rentals of certified BUILD WV housing units from municipal business and occupation tax; 3] establishing a …
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