Return to WV Tax Credit Act

SB 248 creates a nonrefundable $25,000 tax credit against West Virginia state personal income taxes for eligible returning residents. It directly affects individuals who were born in West Virginia or lived/worked there for 10+ years, left for at least 10 consecutive years before 2025, and returned as residents on or after January 1, 2025. The credit reduces state income tax bills (up to $25,000 annually) and can be carried forward to future tax years but not back to prior years. The credit is available starting after December 31, 2026, and expires after December 31, 2030, with the Tax Commissioner required to verify eligibility and report usage annually.