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WV HB4023
Bill
Status
Introduced
1/15/2026
Primary Sponsor
Roger Hanshaw
Click for details
AI Summary
- Updates West Virginia's Corporate Net Income Tax code to incorporate federal Internal Revenue Code amendments made through December 31, 2024, replacing the previous cutoff date of December 31, 2023
- Prohibits any federal tax law changes made on or after January 1, 2026, from affecting state corporate income tax calculations until future legislative action
- Makes the amendments retroactive to the extent allowable under federal income tax law while preserving existing law for taxable years that began prior to January 1, 2026
- Maintains conformity between West Virginia corporate tax definitions and federal income tax terminology by referencing the Internal Revenue Code of 1986 as amended
Legislative Description
Relating to Updating Corporate Net Income Tax definitions
Governor -- Bills Requested By
Last Action
To House Finance
1/15/2026
Committee Referrals
Finance1/15/2026
Full Bill Text
No bill text available