WV HB3293

Reduces West Virginia's corporate net income tax rate from 6.5% to 3.25% for taxable periods beginning on or after January 1, 2026

Applies to all domestic and foreign corporations engaging in business in West Virginia or deriving income from property, activity, or other sources in the state, except those specifically exempt under existing law

The rate reduction will be suspended if the combined balance of the Revenue Fund Shortfall Reserve Fund and Revenue Fund Shortfall Reserve Fund - Part B falls below 10% of the General Revenue Fund budget as of June 30 of the preceding year

Continues the existing framework of conditional tax reductions tied to the state's fiscal reserves, following the pattern established in prior rate reductions from 2012-2014