Relating to creating the “West Virginia Tax Neutrality Act”

HB 5519, the "West Virginia Tax Neutrality Act," would modify West Virginia's tax code to exclude capital gains from the sale of investment metal bullion and coins from state taxable income. It directly affects individuals, corporations, and fiduciaries who sell these specific investments. The bill requires taxpayers to subtract net capital gains from such sales (as defined in existing law) from their federal adjusted gross income when calculating their West Virginia state tax liability. This change aims to align West Virginia's treatment of these investments with federal tax rules, though the bill is still in early stages (introduced February 13, 2026, referred to House Finance).