West Virginia Laws and Incentives for Tax Incentives

The list below contains summaries of all West Virginia laws and incentives related to Tax Incentives.

State Incentives

Alternative Fuel Vehicle (AFV) Tax Credit

An income tax credit is available to eligible taxpayers who convert a vehicle to operate as a dedicated or bi-fuel natural gas or propane vehicle or who purchase a new original equipment manufacturer dedicated or bi-fuel natural gas or propane vehicle. The value of the tax credit is 35% of the vehicle purchase price or 50% of the vehicle conversion cost, up to $7,500 for vehicles with a gross vehicle weight rating (GVWR) up to 26,000 pounds (lbs.) and up to $25,000 for vehicles with a GVWR greater than or equal to 26,000 lbs. This tax credit expires December 31, 2017. (Reference West Virginia Code 11-6D)

Alternative Fueling Infrastructure Tax Credit

An income tax credit is available to eligible taxpayers who construct or purchase and install qualified alternative fueling infrastructure. The tax credit is 50% of the total allowable costs associated with construction or purchase and installation of the equipment, up to $250,000. If the infrastructure is accessible for public use, the credit allowed will be multiplied by 1.25 and the maximum amount will be $312,500, so long as the amount of the credit allowed does not exceed the cost of construction. The maximum tax credit will decrease to 20% of the total allowable costs associated with the fueling infrastructure, up to $400,000 per facility, on January 1, 2014. For the purpose of this tax credit, qualified alternative fuels include natural gas and propane. This tax credit expires December 31, 2017. (Reference West Virginia Code 11-6D)