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WV HB5169

Bill

Official Source

Status

Introduced

2/4/2026

Primary Sponsor

Jimmy Willis

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Creates a state tax deduction for West Virginia parents who claim a federal "Trump Account" (26 USC 530A) for their newborn children
  • Requires children to be eligible for the federal "Trump Account" program for parents to qualify for the state deduction
  • Allows payments made by parents using the "Trump Account" on behalf of their children to be deducted from state taxes
  • Models the deduction structure on existing West Virginia "Smart 529" college savings plan tax deductions under §18-30-9
  • Introduced February 4, 2026, by Delegate Willis and referred to the House Committee on Finance

Legislative Description

To provide a tax credit for new parents in this state in certain circumstances.

Domestic Relations

Last Action

To House Finance

2/4/2026

Committee Referrals

Finance2/4/2026

Full Bill Text

No bill text available