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SB 639 West Virginia Senate · 2025 Regular Session

Creating WV Small Business Appreciation and Acknowledgement Act

SB 639 creates a tax credit for West Virginia small businesses to offset time spent handling state tax compliance, including collecting employee taxes and meeting regulations. Eligible businesses with annual gross receipts under $2.5 million receive a $2,000 credit (reduced to $500 for those under $600,000, and none for businesses under $50,000). The credit is non-refundable and adjusts annually for inflation based on U.S. Bureau of Labor Statistics data. It applies against personal income or corporation net income tax and takes effect July 1, 2025.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for small businesses to offset compliance costs, reducing their tax burden and aligning with tax relief support for middle-income entities.95% confidence
Bill status passed 3 of 5 stages cleared
Introduction
Mar 2025
Committee Review
Apr 2025
Senate Passage
Apr 2025
House of Delegates Passage
Governor
Introduced Mar 3, 2025 Last action Apr 3, 2025
Maddy AI version diff · 2 comparisons

What changed between versions

Committee Substitute → Committee Substitute for the Committee Substitute · 5 edits
MODERATE
The bill was revised to shift from the Committee on Economic Development to the Committee on Finance, with a reported date change from March 14 to March 31, 2025. The text was slightly reworded to change 'title' to 'short title' and added a specific reference to the Bureau of Labor Statistics for inflation calculations. The tax credit application was expanded to include corporation net income tax in addition to personal income tax.
Scope change
The bill's scope was slightly expanded by adding corporation net income tax as an eligible tax for the credit, in addition to personal income tax.
TIMELINE

Committee reporting date changed from March 14, 2025 to March 31, 2025, and the committee changed from Economic Development to Finance.

TECHNICAL

Changed 'providing a title' to 'providing a short title' in the bill text.

REQUIREMENT

Added specific reference to the United States Department of Labor's Bureau of Labor Statistics for inflation reporting.

Added 'and' to the legislative findings section for grammatical consistency.

ELIGIBILITY

Expanded the tax credit to be applicable against corporation net income tax in addition to personal income tax.

Floor votes · Senate Apr 2, 2025

How they voted

26–7
Passed
Total votes 33
Apr 2, 2025
D Democratic2
2 Yea
100% Yea
R Republican31
24 Yea 7 Nay
77% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
20
Key actions
3
Committee
7
Apr 3, 2025
Committee
To House Finance
lower
Apr 3, 2025
Committee
To Finance
lower
Apr 3, 2025
Introduced
Introduced in House
lower
Apr 2, 2025
Upper · Passed
Passed Senate (Roll No. 281)
upper
Mar 31, 2025
Upper · Passed
Committee substitute for committee substitute reported
upper
Mar 14, 2025
Committee
To Finance
upper
Mar 14, 2025
Upper · Passed
Committee substitute reported, but first to Finance
upper
Mar 3, 2025
Committee
To Economic Development
upper
Mar 3, 2025
Introduced
Introduced in Senate
upper
Mar 3, 2025
Committee
To Economic Development then Finance
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.