Bill
Bill > HB4963
WV HB4963
WV HB4963Relating to establishing an additional modification reducing federal adjusted gross income relating to taxes on tips and overtime
summary
Introduced
01/29/2026
01/29/2026
In Committee
01/29/2026
01/29/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to establish an additional modification reducing federal adjusted gross income relating to taxes on tips and overtime.
AI Summary
This bill establishes an additional tax deduction for West Virginia residents by allowing a reduction in their federal adjusted gross income, which is the starting point for calculating state income tax. For taxable years between January 1, 2026, and January 1, 2029, taxpayers can deduct the full amount of qualified tips and qualified overtime compensation they reported on their federal tax returns. After January 1, 2029, this deduction will be capped at $25,000 annually for qualified tips and $12,500 annually for qualified overtime compensation, with these amounts phasing out for individuals earning over $150,000 in modified adjusted gross income. For nonresidents, only tips and overtime earned from work performed within West Virginia will qualify for this deduction.
Committee Categories
Budget and Finance
Sponsors (7)
Walter Hall (R)*,
Michael Amos (R),
Geno Chiarelli (R),
Roy Cooper (R),
Scot Heckert (R),
Josh Holstein (R),
Andy Shamblin (R),
Last Action
To House Finance (on 01/29/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4963&year=2026&sessiontype=RS&btype=bill |
| Fiscal Note - Tax & Revenue Department, WV State | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=954604363 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb4963%20intr.htm&yr=2026&sesstype=RS&i=4963 |
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