Bill
Bill > HB4968
WV HB4968
WV HB4968To exempt the first $20,000 of earnings from the state income tax for West Virginia residents
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 exempt the first $20,000 of income of resident individuals from personal income taxation.
AI Summary
This bill proposes to amend West Virginia law to allow residents to subtract the first $20,000 of their income from their federal adjusted gross income when calculating their state income tax, starting with tax years beginning on or after January 1, 2026. This means that individuals, or married couples filing jointly, will not have to pay state income tax on the initial $20,000 they earn. This change aims to reduce the tax burden on West Virginia residents by providing a tax exemption for a portion of their earnings.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
To House Finance (on 01/29/2026)
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=4968&year=2026&sessiontype=RS&btype=bill |
| Fiscal Note - Tax & Revenue Department, WV State | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=954509965 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb4968%20intr.htm&yr=2026&sesstype=RS&i=4968 |
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