Mon and Preston Counties achieve certified Build WV District Designation

BRIDGEPORT, W.Va (WDTV) – Monongalia and Preston Counties now qualify as certified Build WV districts.

Passed in the 2022 legislative session, the Build WV Act aims to assist West Virginia’s growing communities in attracting much-needed housing development projects.

The most recent designation covers qualifying projects within a 20 mile radius of Browns Mill West Virginia.

These developments can now receive state sales and use tax exemptions for building materials.

Projects will also receive a 10 year property value adjustment refundable tax to offset building costs.

The 20 mile radius covers most of Monongalia and Preston Counties in addition to parts of Marion County.

Projects eligible for the BUILD WV Act will meet the following criteria:

• Be in a certified BUILD WV Act District.
• Generate approved costs more than $3-million OR include at least six units or houses.
• Create a significant positive economic impact on the state.
• Will directly or indirectly improve opportunity in the area where the project will be located for the successful establishment or expansion of other commercial businesses.
• Provide additional employment opportunities in the state.

Visit http: wvlegislature.gov/wvcode/ for the entire list of approval considerations.

Go to BuildWV District for an unofficial map of the district area. All interested housing developers or contractors should contact Meghan Smith, 304-993-3564, meghan.e.smith@wv.gov.

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