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WV SB926

Bill

Official Source

Status

Introduced

2/12/2026

Primary Sponsor

Tom Willis

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Excludes net capital gains from the sale or exchange of precious metal bullion from West Virginia adjusted gross income for state personal income tax purposes
  • Defines precious metal bullion as coins, bars, or rounds containing primarily refined gold, silver, platinum, or palladium that is marked and valued primarily by weight, purity, and content
  • Applies retroactively to taxable years beginning after December 31, 2025
  • Amends §11-21-12 of the West Virginia Code governing modifications to federal adjusted gross income for state tax calculations
  • Introduced February 12, 2026, and referred to the Senate Committee on Finance

Legislative Description

Eliminating capital gains tax on certain precious metals

Taxation

Last Action

To Finance

2/12/2026

Committee Referrals

Finance2/12/2026

Full Bill Text

No bill text available