WV HB2766

Creates a refundable tax credit of up to $6,000 for individuals who donate eligible vehicles to qualified charitable organizations that provide affordable transportation to low-income workers

Provides a refundable tax credit of up to $6,000 for licensed automobile dealers who sell or donate vehicles at reduced prices through qualified charitable organization programs

Defines "low-income worker" as a person living in a household with total income at or below 150% of the Federal Poverty Level

Requires qualified charitable organizations to be 501(c)(3) nonprofits that provide below-market financing, financial counseling, and vehicle safety certification for program participants

Caps total tax credits at $300,000 for tax years 2025-2026, increasing to $1 million in subsequent years