Tax increment financing obligations issued under this article, together with the interest and income therefrom, shall be exempt from all state income taxes, whether imposed on individuals, corporations or other persons, from state business franchise taxes and from ad valorem property taxes.
W. Va. Code § 7-11B-25
Tax increment financing obligations – Tax exemption
Known as the The West Virginia Tax Increment Financing Act
The act spans §§ 7–7 (30 sections).
Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.