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WV HB4954

Bill

Official Source

Status

Introduced

1/29/2026

Primary Sponsor

Adam Vance

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Companies with at least 75% of their workforce as West Virginia residents qualify for a 2.5% reduction in their business and occupation tax rate
  • Companies must provide evidence that 75% of their employees are state residents to receive the tax benefit
  • The West Virginia Department of Tax and Revenue may issue implementation guidance for the credit
  • The rate reduction takes effect for the 2026 tax year and continues thereafter
  • Legislative intent is to incentivize hiring local workers to benefit the state's economy

Legislative Description

To provide a reduction of the tax for companies who have 75% or more of their workforce as West Virginia residents

Taxation

Last Action

To House Finance

1/29/2026

Committee Referrals

Finance1/29/2026

Full Bill Text

No bill text available