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WV SB710

Bill

Official Source

Status

Introduced

2/2/2026

Primary Sponsor

Robbie Morris

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Allows West Virginia residents to claim a credit against state personal income tax for income taxes paid to foreign countries, in addition to the existing credit for taxes paid to other U.S. states and the District of Columbia
  • Requires taxpayers to demonstrate to the Tax Commissioner that double taxation of foreign income will occur after applying federal tax code provisions before the credit is allowed
  • Limits the credit so it cannot exceed the proportion of West Virginia income that was taxed by the foreign country
  • Sets a sunset date of July 1, 2070, after which the foreign income tax credit provision will expire
  • Amends §11-21-20 of the West Virginia Code regarding personal income tax credits

Legislative Description

Eliminating double taxation on foreign income at state level

Taxation

Last Action

To Finance

2/2/2026

Committee Referrals

Finance2/2/2026

Full Bill Text

No bill text available