HB 4003 West Virginia House of Delegates · 2026 Regular Session

WV First Small Business Growth Act

HB 4003 creates the WV First Small Business Growth Act, offering tax credits to investors who fund certified "growth funds" that invest in eligible West Virginia small businesses. The program, administered by the West Virginia Department of Commerce, provides a 15% annual tax credit (after the first two years) against insurance premium taxes for qualified investments. To qualify, growth funds must use 100% of investment proceeds within three years to make "qualified investments" in businesses with fewer than 250 employees operating primarily in West Virginia. This directly affects growth investors (who receive tax credits), growth funds (which must be certified), and eligible small businesses receiving capital.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2026

Committee Review

Floor Vote

Governor

Introduced Jan 14, 2026 Last action Feb 13, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

Committee Substitute → Engrossed Committee Substitute · 1 edit

MINOR

The bill version was updated from the Committee Substitute to the Engrossed version, which typically reflects final amendments approved by the full legislature. The text indicates a change in the official title page designation and version history, confirming the bill has moved forward in the legislative process. No substantive policy changes to the bill's content, funding, or eligibility criteria are visible in this specific text diff.

TECHNICAL

The official version designation on the title page was updated from 'Committee Substitute' to 'Engrossed', and the version history was adjusted to reflect this new status.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Feb 11, 2026

Lower · Passed

By substitute, do pass

lower

Feb 11, 2026

Committee

To House Finance

lower

Jan 29, 2026

Committee

To House Revenue

lower

Jan 14, 2026

Committee

To House Finance

lower

Jan 14, 2026

Introduced

Introduced in House

lower

Jan 14, 2026

Committee

To Finance

lower

1 primary · 10 co-sponsors