Bill
Bill > HB5169
summary
Introduced
02/04/2026
02/04/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to create a state tax deduction for parents whose children qualify for a "Trump Account," as set forth in 26 USC 530A.
AI Summary
This bill establishes a state tax deduction for parents in West Virginia who utilize a "Trump Account" for their newborns, provided the children are eligible for such an account under federal law, specifically referencing 26 USC 530A. The deduction applies to any payments made by parents using this "Trump Account" on behalf of their children, mirroring the tax treatment already available for college savings plans like "Smart 529" or other "529 plans" as outlined in §18-30-9 of the state code.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
To House Finance (on 02/04/2026)
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=5169&year=2026&sessiontype=RS&btype=bill |
| Fiscal Note - Tax & Revenue Department, WV State | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=951555646 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb5169%20intr.htm&yr=2026&sesstype=RS&i=5169 |
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