HB 4968
To exempt the first $20,000 of earnings from the state income tax for West Virginia residents
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to exempt the first $20,000 of a West Virginia resident’s income from state income tax. It would apply to individual taxpayers and to married couples filing jointly who both reside in West Virginia. The change would be effective for tax years beginning on or after January 1, 2026. This aims to provide a tax break for lower-income West Virginia residents.
Key provisions
- Exempts the first $20,000 of West Virginia resident income from state income tax.
- Applies to both single individuals and married couples filing jointly.
- Effective for tax years beginning January 1, 2026.
Who is affected
- West Virginia residents
- Individual taxpayers
- Married couples filing jointly
Notable changes
- Introduces a new exemption for the first $20,000 of income.
Fiscal impact
This bill is expected to reduce state tax revenue.
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