WV HB4019

Reduces West Virginia personal income tax rates effective January 1, 2026, with a top marginal rate of 4.34% on income over $60,000 (down from 6.5%)

Establishes a five-bracket graduated tax structure ranging from 2.00% on the first $10,000 of taxable income to 4.34% on income exceeding $60,000

Creates an automatic future tax reduction mechanism triggered when annual general revenue fund collections exceed inflation-adjusted 2019 baseline revenues of $4,293,884,754

Caps any single automatic rate reduction at 10% of existing rates, with the Secretary of Revenue certifying eligibility each August 15 beginning in 2026

Reduces withholding rates on nonresident income, nonresident real estate sales, and lottery winnings from 6.5% to 4.34%