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Bill > HB2671


WV HB2671

WV HB2671
Creating an income tax deduction for gym memberships


summary

Introduced
02/20/2025
In Committee
02/20/2025
Crossed Over
Passed
Dead
04/12/2025

Introduced Session

2025 Regular Session

Bill Summary

The purpose of this bill is to create an income tax exemption for memberships to gyms in West Virginia and to set the exemption at $60 per month with a total of $720 per year.

AI Summary

This bill creates a new income tax exemption specifically for West Virginia residents who purchase gym memberships within the state. Under this legislation, individuals can deduct up to $60 per month from their state income taxes for gym membership expenses, with an annual maximum deduction of $720. The purpose of this tax exemption appears to be to encourage physical fitness and wellness among West Virginians by providing a financial incentive for people to join local gyms. By offering a tax break for gym memberships, the bill aims to potentially reduce healthcare costs in the long term and promote healthier lifestyle choices among state residents. The exemption would apply directly to the state income tax filing and would allow individuals to reduce their taxable income by the amount spent on qualifying gym memberships within West Virginia.

Committee Categories

Budget and Finance

Sponsors (11)

Last Action

To House Finance (on 02/20/2025)

bill text


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