Relating to removing the tax exemption for credit unions.

HB 2162 would remove the tax exemption currently granted to credit unions in West Virginia. The bill specifically targets Section 31C-2-8 of the state code, which currently exempts credit unions from certain taxes. If enacted, credit unions operating in West Virginia would no longer qualify for this tax exemption and would instead be subject to applicable taxes. This change directly affects all credit unions licensed to operate within the state. The bill is a straightforward repeal of an existing tax provision with no new tax rates or mechanisms specified.