West Virginia House Bill HB3544

West Virginia 2023 Regular Session

• Introduced: 2/14/23
• Refer: 2/14/23
• Refer: 2/17/23

Caption

Offering a tax credit to property owners who provide lease land to the state for access for bike trails and rafting/kayaking

Impact

If passed, HB3544 would amend the Code of West Virginia by introducing §11-13MM, creating a new framework for tax credits aimed at eligible landowners. An eligible landowner would need to have paid all relevant real property taxes and leased their property for recreational purposes to qualify for this nonrefundable tax credit. The implementation of this bill could have significant implications for local economies by fostering increased outdoor activities and potentially boosting tourism related to these recreational sites.

Summary

House Bill 3544 aims to provide an income tax credit to landowners who lease their real property to the state or local subdivisions for recreational purposes such as bike trails and water sports like rafting and kayaking. This credit is intended to incentivize property owners to make their lands available for public recreational uses, which some legislators and advocates believe can enhance community engagement and promote healthy lifestyles among residents. The bill is framed as a way to encourage the development of outdoor recreational facilities that benefit both the public and landowners through tax relief.

Sentiment

The sentiment surrounding HB3544 appears to be generally positive among those who emphasize outdoor activities and community well-being. Supporters argue that the tax credit could lead to more accessible recreational opportunities and foster a culture of outdoor engagement. However, there may be concerns regarding the financial implications for state revenue, as providing tax credits may reduce the tax income generated from property taxes.

Contention

Notable points of contention regarding HB3544 include concerns from fiscal conservatives about the long-term financial impacts of offering tax credits to landowners. There may also be debates on what qualifies as 'recreational purposes' and how extensively the bill can be utilized. Additionally, stakeholders representing private landowners might be concerned about the adequacy of the tax credits, ensuring they are beneficial enough to incentivize participation in the program.