Return to WV Tax Credit Act

SB 99 creates a nonrefundable $25,000 tax credit against West Virginia state personal income taxes for eligible former residents who return to the state. To qualify, individuals must have lived/worked in West Virginia for at least 10 years prior to leaving, not have been residents for 10 consecutive years before 2025, and return as residents on or after January 1, 2025 (or be born in West Virginia). The credit can be carried forward to future tax years but not back, and expires after December 31, 2029. The Tax Commissioner will verify eligibility and report annually on credit usage to the legislature.