WV HB2552

Companies with at least 75% of their workforce consisting of West Virginia residents qualify for a 2.5% reduction in their business and occupation tax rate

Companies must provide evidence that 75% of their workforce are state residents to qualify for the reduction

The West Virginia Department of Tax and Revenue may issue guidance on implementing this tax reduction

The rate reduction takes effect for the 2025 tax year and continues thereafter

Legislative intent is to incentivize hiring local workers to benefit the state's overall economy