summary
Introduced
02/12/2026
02/12/2026
In Committee
02/12/2026
02/12/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to exclude capital gains on precious metal bullion from gross income.
AI Summary
This bill amends West Virginia's tax code to exclude capital gains, which are profits made from selling an asset, derived from precious metal bullion from an individual's gross income, meaning these profits will not be taxed. Precious metal bullion is defined as coins, bars, or rounds primarily made of refined gold, silver, platinum, or palladium, valued by their weight, purity, and content. This change is intended to reduce the tax burden on individuals who invest in these specific types of precious metals.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
To Finance (on 02/12/2026)
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=926&year=2026&sessiontype=RS&btype=bill |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=sb926%20intr.htm&yr=2026&sesstype=RS&i=926 |
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