2025 Regular Session
HB 2599
Abolishing the Personal Income Tax
In Committee
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to eliminate the West Virginia personal income tax. Specifically, it states that the tax will be abolished for tax years beginning after December 31, 2025. Certain trusts and organizations may still be subject to tax under specific circumstances outlined in the legislation. The bill aims to remove the state’s personal income tax system.
Key provisions
- The personal income tax will be abolished for tax years beginning after December 31, 2025.
- Non-grantor trusts administered by licensed private trust companies are exempt from the tax.
- Partnerships and other pass-through entities can elect to be subject to the tax.
- Associations, trusts, and unincorporated organizations taxable as corporations are exempt.
- Exempt trusts and organizations are exempt from the tax regardless of unrelated business taxable income.
- The bill amends existing sections to reflect the abolishment of the tax.
- It clarifies the definition of West Virginia taxable income for various entities.
Who is affected
- Taxpayers in West Virginia
- Trusts
- Estates
- Partnerships
- Businesses
Notable changes
- The bill completely eliminates the West Virginia personal income tax.
- It introduces specific exemptions for certain trusts and organizations.
- It clarifies the tax obligations of partnerships and pass-through entities.
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