WV SB735

Phases out West Virginia's corporate net income tax over four years, with 25% reductions each year starting in tax year 2027

Reduces the current 6.5% corporate net income tax rate by 25% in 2027, 50% in 2028, and 75% in 2029

Completely eliminates the corporate net income tax for tax years beginning on or after January 1, 2030

Applies to all domestic and foreign corporations doing business in West Virginia or deriving income from state sources, except those already exempt under existing law

Introduced February 4, 2026, by Senators Z. Maynard, Phillips, and Rose; referred to the Senate Finance Committee