Bill > SB680

This bill aims to eliminate West Virginia's personal income tax and corporate net income tax, with the personal income tax repeal taking full effect for income earned on or after January 1, 2028, and the corporate net income tax repeal applying to taxable years beginning on or after January 1, 2028. The Legislature finds that these taxes are a burden and their elimination will boost economic competitiveness, attract businesses and residents, and create jobs, with the understanding that revenue can be replaced through other tax structures, spending controls, and economic growth. The bill also outlines procedures for the State Tax Commissioner to manage final tax filings, assessments, and refunds for periods before the repeal, and it mandates conforming changes to other laws that reference these taxes, with the overall act taking effect on July 1, 2026.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=680&year=2026&sessiontype=RS&btype=bill