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WV SB596
Bill
Status
Introduced
1/23/2026
Primary Sponsor
Laura Wakim Chapman
Click for details
AI Summary
- Adds an exemption from real property transfer excise taxes for transfers between siblings, similar to existing exemptions for transfers between spouses or between parents and children
- Creates a new exemption for property transfers involving limited liability companies that are solely owned by an individual
- Amends West Virginia Code §11-22-1 regarding the definition of "document" to exclude these newly exempt transfer types from taxation
- Introduced by Senator Chapman on January 23, 2026, and referred to the Senate Committee on Finance
Legislative Description
Eliminating transfer taxes for siblings and for LLC solely owned by individual transferor
Taxation
Last Action
To Finance
1/23/2026
Committee Referrals
Finance1/23/2026
Full Bill Text
No bill text available