Extending the Qualified Opportunity Zones until July 1, 2032.

Summary

The bill lets West Virginia corporations that are newly formed and operate in federally designated Qualified Opportunity Zones deduct the income they earn from those businesses from their federal taxable income. It applies to businesses registered between 2019 and 2033 and gives them a ten‑year window of tax relief, with the change applied retroactively to 2024. The goal is to encourage investment in low‑income communities.

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