Loading chat...

WV HB4741

Bill

Official Source

Status

Introduced

1/22/2026

Primary Sponsor

Charles Sheedy

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Requires lessees (operators) of West Virginia natural resource properties to withhold state personal income tax from royalty payments made to lessors (mineral rights owners)
  • Covers all natural resources including oil, natural gas, coal, timber, minerals, and rare earth metals, with payments including royalties, lease bonuses, delay rentals, and overriding royalty interests
  • Mandates lessees file withholding returns and submit annual reconciliations with copies of all 1099 statements to the Tax Commissioner by January 31 each year
  • Requires electronic filing for lessees with 25 or more lessors, with a $25 per lessor penalty for non-compliance
  • Takes effect for taxable years beginning after December 31, 2026, with the Tax Commissioner authorized to establish rules and due dates matching employer withholding schedules

Legislative Description

To require operators of gas and oil wells to withhold royalty taxes due from the lease holder and remit said withholdings to the appropriate County Tax Office.

Taxation

Last Action

To House Energy and Public Works

1/22/2026

Committee Referrals

Energy and Public Works1/22/2026

Full Bill Text

No bill text available