Bill > HB5095

This bill establishes a tax credit program in West Virginia to help low-income workers purchase reliable vehicles, thereby expanding their employment opportunities. The program allows for a refundable tax credit of up to $6,000 per vehicle. This credit can be claimed by individuals who donate an eligible vehicle to a qualified charitable organization, or by licensed automobile dealers who sell or donate an eligible vehicle to a person participating in the program. An "eligible vehicle" must not be a junk or salvage automobile, must have no open safety recalls, and must come with a written warranty for at least 90 days or 3,000 miles. A "low-income worker" is defined as someone in a household with income at or below 150% of the Federal Poverty Level. "Qualified charitable organizations" are non-profits that provide below-market financing for vehicles, offer financial counseling, certify vehicle safety and reliability, and determine the fair market value of donated cars. The total amount of tax credits available is capped at $300,000 for tax years 2026-2027 and $1 million in subsequent years, with the Tax Commissioner responsible for tracking and administering these credits.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=5095&year=2026&sessiontype=RS&btype=bill