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WV HB5519

Bill

Official Source

Status

Introduced

2/13/2026

Primary Sponsor

Chris Anders

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Creates the "West Virginia Tax Neutrality Act" to exempt capital gains from investment metal bullion and investment coins from state income tax
  • Requires individuals, corporations, and fiduciaries to subtract net capital gains from the sale or exchange of precious metals from their federal adjusted gross income for state tax purposes
  • Requires taxpayers to add back any net capital losses from precious metal transactions, preventing those losses from reducing state taxable income
  • Applies to both short-term and long-term capital gains as defined under Internal Revenue Code Section 1222
  • Takes effect immediately upon enactment

Legislative Description

Relating to creating the “West Virginia Tax Neutrality Act”

Taxation

Last Action

To House Finance

2/13/2026

Committee Referrals

Finance2/13/2026

Full Bill Text

No bill text available