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WV SB549

Bill

Official Source

Status

Introduced

2/20/2025

Primary Sponsor

Mike Woelfel

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Creates a new personal income tax deduction allowing West Virginia residents to subtract qualified tips from their federal adjusted gross income when calculating state income tax
  • Defines "qualified tips" as cash, credit/debit card, or check tips received by an employee in the ordinary course of employment
  • Requires tips to be reported to the taxpayer's employer to qualify for the deduction
  • Applies to all return form types and takes effect for taxable years beginning January 1, 2026

Legislative Description

Eliminating income tax on qualified tipped wages

Taxation

Last Action

To Finance

2/20/2025

Committee Referrals

Finance2/20/2025

Full Bill Text

No bill text available