Budget & Taxes

HB 4087 establishes the West Virginia-Ireland Education Alliance Partnership to strengthen academic, cultural, and workforce connections between West Virginia and Ireland. It creates a formal partnership requiring five four-year universities and five two-year colleges in West Virginia to collaborate with Irish institutions. The bill provides for five $50,000 grants to fund joint programs between these institutions. This partnership is governed by a commission with specific membership rules, including legislative and community representatives. The bill directly affects West Virginia higher education institutions and their Irish counterparts through structured collaboration and grant opportunities.

HB 4416 reclassifies forestry equipment (such as skidders, feller-bunchers, and forestry trailers) as Class I property - same as agricultural equipment - for tax purposes. This exempts the sale of such equipment from West Virginia's consumer sales tax starting July 1, 2026. The bill directly affects forestry businesses and equipment manufacturers by reducing their tax burden. It also formally defines forestry as part of agriculture, encompassing forest product harvesting and processing.

SB 841 adds $30,498 to the State Board of Education's fund 3951 for the Hope Scholarship Program, using an unappropriated surplus from lottery net profits. This supplemental appropriation allocates existing lottery revenue - specifically from the surplus balance not included in the initial budget - to fund the Hope Scholarship Program during fiscal year 2026. The bill does not change the program's eligibility or structure but provides additional funding for student scholarships. The funds are designated for expenditure before June 30, 2026, as part of the state's budget process.

SB 643 repeals all sections of West Virginia law (§3-12-1 through §3-12-16) that established the West Virginia Supreme Court of Appeals Public Campaign Financing Program. The bill directly discontinues a program that provided public funding to candidates running for the state Supreme Court. Key provisions include removing all legal references to this financing mechanism, effectively ending the program's operation. This is a procedural repeal with no new funding or requirements added.

This bill reduces the severance tax rate on metallurgical coal produced in West Virginia, affecting coal mining companies that extract this type of coal. The new rates will take effect in stages starting July 1, 2026, lowering the tax from 5% to 4.5% for the first year, then to 4% the following year, and finally to 3.5% beginning July 1, 2028. Metallurgical coal is defined as coal used for making steel and other metals, distinct from thermal coal used for electricity generation. The tax reduction applies to the gross value of coal produced and includes additional local taxes that are normally part of the total severance tax.