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WV SB866

Bill

Official Source

Status

Introduced

2/9/2026

Primary Sponsor

Eric Tarr

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Exempts net capital gains from the sale or exchange of gold, silver, and cryptocurrency from West Virginia state personal income tax
  • Defines "precious metal bullion" as coins, bars, or rounds containing primarily refined gold and silver, valued by weight, purity, and content
  • Defines "cryptocurrency" as digital currency using decentralized cryptographic verification rather than a centralized authority
  • Introduced February 9, 2026, by Senator Tarr and referred to the Senate Finance Committee
  • Adds new section §11-21-80 to West Virginia Code Article 21 (Personal Income Tax)

Legislative Description

Eliminating capital gains tax on gold, silver, and cryptocurrency

Taxation

Last Action

To Finance

2/9/2026

Committee Referrals

Finance2/9/2026

Full Bill Text

No bill text available