Budget & Taxes (Tax Credits)

in committee · West Virginia · House of Delegates Feb 5, 2026

HB 5269: The Young Professional Tax Credits

HB 5269 creates two tax credits for West Virginia residents aged 18-40 who are college graduates. It provides a credit equal to accumulated student loan interest (or up to $1,000 annually for graduates without debt) and a refundable child care credit tied to federal dependent care deductions. To qualify, taxpayers must reside in West Virginia for at least three years and have student loan debt (or be debt-free). The credits apply to tax years beginning January 1, 2026, reducing state income tax liability for eligible individuals.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credits reducing state income tax for young professionals with student debt, aligning with tax relief for middle-income residents.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · West Virginia · House of Delegates Feb 26, 2026

HB 5474: Gateway to the Gorge Outdoor Recreation Industry Act

HB 5474 creates a tax credit for businesses in West Virginia's outdoor recreation industry located between Charleston and the New River Gorge. The bill directly affects qualifying outdoor recreation businesses operating in this specific corridor, including those offering activities like hiking, biking, and fishing. It establishes a tax credit to reduce business taxes for eligible operations, aiming to encourage economic growth and job creation in the region. The legislation cites the area's natural resources, transportation access, and appeal to remote workers as key reasons for this incentive.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for qualifying outdoor recreation businesses, reducing their tax burden to stimulate regional economic growth and job creation.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · West Virginia · House of Delegates Feb 17, 2026

HB 5668: Establishing the Central West Virginia Economic Development and Rural Revitalization Act

HB 5668 establishes the Central West Virginia Economic Development and Rural Revitalization Program to address economic challenges in eight specific counties: Webster, Clay, Braxton, Roane, Calhoun, Wirt, Lewis, and Gilmer. The bill creates a state program within the Department of Commerce that provides grants, loans, and technical assistance for projects like business development, infrastructure improvements, broadband expansion, and tourism initiatives. It also introduces a 25% tax credit for businesses making qualified investments in the region that create or retain full-time jobs. Projects must be located in the designated counties and prioritize job creation, private funding leverage, and support for economically distressed communities.

Topics ✓ Budget & TaxesSupports Budget & TaxesIntroduces 25% tax credit for qualifying projects, providing tax relief to stimulate rural economic development and fund program initiatives.95% confidence ✓ TechnologySupports TechnologyBill explicitly includes 'broadband expansion' as eligible project for state grants/loans, directly advancing internet access infrastructure in rural areas.95% confidence ✓ TransportationSupports TransportationBill funds 'infrastructure improvements' as part of economic development program, directly supporting transportation infrastructure projects in specified counties.85% confidence

Sub-Topics Tax Credits Tax Incentives Broadband Access Tags Economic Development Rural Communities

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in committee · West Virginia · Senate Feb 24, 2026

SB 939: Creating WV Reshoring Manufacturing Act

SB 939 creates a tax credit for West Virginia businesses that replace imported goods with locally manufactured products. Eligible businesses - those purchasing goods for resale or use in WV - can claim a nonrefundable credit equal to 10% of the verified value of imported goods they stop buying and replace with goods from qualified WV manufacturers. The credit requires verification by an independent CPA through an "reshoring activity verification report" to confirm the value of goods replaced and ongoing purchases. This program aims to reduce reliance on foreign imports (noted as $4.8 billion in 2024) by incentivizing local manufacturing, workforce growth, and economic activity within the state.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 10% tax credit for businesses replacing imports with local goods, reducing tax liability for eligible entities under taxation policy.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives

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in committee · West Virginia · Senate Feb 24, 2026

SB 893: Providing tax credits for expenditures and activities related to biochar manufacturing

SB 893 creates a state tax credit equal to 10% of the federal carbon storage credit (under IRS Section 45Q) earned by businesses operating new biochar manufacturing facilities in West Virginia that began operations after July 1, 2025. It directly affects eligible businesses that qualify for the federal credit, allowing them to reduce their state corporation income tax by up to 50% of their tax liability for the year. The credit lasts up to 12 years and requires verification through IRS certification and documentation proving biochar production occurred in the state. Businesses must submit federal tax return copies and evidence of carbon sequestration meeting nationally recognized standards to claim the credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 10% tax credit reducing state tax liability for biochar businesses, directly providing tax relief and incentivizing industry growth under tax policy.95% confidence ✓ EnergySupports EnergyProvides tax credit for biochar manufacturing (carbon storage), aligning with federal carbon storage incentives to promote clean energy infrastructure and carbon sequestration.95% confidence ✓ EnvironmentSupports EnvironmentBill incentivizes carbon sequestration via biochar manufacturing through tax credits tied to federal carbon storage (Section 45Q), directly advancing climate change mitigation.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · West Virginia · House of Delegates Feb 16, 2026

HB 5606: Establishing the “Stay in State” tax credit

HB 5606 establishes a tax credit for West Virginia residents who remain in-state after graduating from a West Virginia college or university. The credit allows individuals or their employers to reduce their personal income tax liability by up to 50-75% of eligible student loan payments made while working in West Virginia (based on degree level and transfer status). It covers loans included in the graduate's original financial aid package, requires payments to be made during residency, and permits unused credits to carry forward for up to 10 years. This policy directly affects recent WV graduates and their employers, aiming to incentivize retention in the state through tax relief on student debt.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing income tax liability for graduates staying in-state, aligning with tax relief support for education retention.95% confidence ✓ EducationSupports EducationTax credit reduces student loan burden for in-state graduates, supporting higher education retention and access through financial incentives.85% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives Higher Education Student Financial Aid

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in committee · West Virginia · Senate Feb 13, 2026

SB 766: Creating Caregiver Tax Credit Act

SB 766 creates a nonrefundable tax credit for West Virginia family caregivers of eligible elderly relatives. It allows caregivers to claim a 50% credit on qualifying out-of-pocket expenses (up to $2,000 annually, or $3,000 for veteran caregivers), including home modifications, medical equipment, hiring care aides, respite care, and adult day care. The credit applies to expenses directly related to assisting an eligible family member (62+ years old, living at home, requiring help with daily activities like bathing or dressing, and certified by a healthcare provider). The credit begins for tax years starting January 1, 2028, with a $5 million annual cap on total credits, adjusted annually based on the consumer price index.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit reducing burden for caregivers, aligning with tax relief for middle/lower income families through nonrefundable credit on essential care expenses.95% confidence ✓ HealthcareSupports HealthcareBill provides tax credits for health-related caregiver expenses (medical equipment, care aides, respite care) for elderly, improving access to home-based health services and supporting family caregivers.90% confidence ✓ VeteransSupports VeteransBill explicitly provides $1,000 higher annual tax credit ($3,000 vs $2,000) specifically for veteran caregivers, directly expanding benefits for veterans' families.95% confidence

Sub-Topics Tax Credits

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in committee · West Virginia · House of Delegates Feb 3, 2026

HB 5078: Related to child tax credit

HB 5078 creates a refundable state child tax credit for West Virginia residents who claim the federal child tax credit for eligible children. The credit equals 50% of the federal child and dependent care tax credit amount claimed on the federal return, directly supporting working families with children. For tax years starting January 1, 2025, any credit amount exceeding the resident's state income tax liability is refunded to the individual. This policy change expands state support for families already qualifying for the federal credit, aiming to reduce child poverty and bolster local economies.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable tax credit for families, providing direct tax relief and refunding excess credit amounts to lower/middle income households.95% confidence

Sub-Topics Income Tax Tax Credits Tags Children

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in committee · West Virginia · House of Delegates Feb 16, 2026

HB 5627: To provide for a $100 tax credit per election for service by an election official to West Virginia Personal income tax liabilities.

HB 5627 creates a $100 nonrefundable personal income tax credit per election for West Virginia election officials who serve at least half a day during an election. The credit is capped at $200 per taxable year and must be used in the year it's earned - unused credits cannot carry forward. To claim the credit, officials must obtain certification from their county commission documenting their service, which is then submitted to the Tax Commission and Secretary of State. The bill requires the Secretary of State to submit biennial reports evaluating the credit's cost-effectiveness starting in 2031. It becomes effective for tax years beginning after December 31, 2028.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides tax credit for election officials, reducing their tax liability as direct fiscal support for public service roles.90% confidence

Sub-Topics Income Tax Tax Credits Tags Elections

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in committee · West Virginia · House of Delegates Feb 10, 2026

HB 5389: Veterans Housing Redevelopment Tax Credit Act

HB 5389 creates a 30% transferable tax credit for nonprofit organizations that convert existing hotels, motels, or commercial buildings into housing for homeless veterans. The credit covers 30% of qualified redevelopment costs (like renovation and infrastructure) but excludes land acquisition, and can be applied against corporate income, personal income, or business franchise taxes. Nonprofits can sell or transfer the unused credit to other taxpayers to generate funding, with credits carrying forward up to 10 years. This aims to incentivize supportive housing without creating new state spending or entitlements, targeting veterans facing homelessness through adaptive reuse of underutilized properties.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates 30% transferable tax credit to fund veteran housing, promoting fiscal responsibility via tax incentives for public service without direct state spending.90% confidence ✓ HousingSupports HousingCreates tax credit for nonprofits to convert buildings into housing for homeless veterans, directly advancing affordable housing development for a vulnerable population through funding incentives.95% confidence ✓ VeteransSupports VeteransCreates 30% tax credit for nonprofits converting buildings into housing for homeless veterans, directly funding housing benefits and advancing veteran services.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Affordable Housing Housing Finance Property Taxes Veteran Education Veteran Healthcare Veteran Housing

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