Creating an income tax deduction for gym memberships

HB 5007 would create a state income tax exemption for West Virginia residents who pay for gym memberships at gyms located within the state. The bill allows taxpayers to reduce their taxable income by $60 per month, capped at $720 annually for gym membership costs. It directly affects individual taxpayers who maintain gym memberships at in-state facilities and would lower their state income tax liability. The policy change is limited to qualifying gym memberships purchased within West Virginia, with no additional eligibility requirements specified.