Budget & Taxes (Tax Incentives)

in committee · West Virginia · Senate Feb 5, 2026

SB 413: Creating Transactional Gold and Silver Act

SB 413 would make gold and silver bullion (including certified coins) legal tender in West Virginia for paying debts, taxes, and fees. It requires depositories storing gold/silver to meet specific standards (like London Bullion Market Association guidelines) and creates a tax exemption for transactions using these metals. The bill affects individuals, businesses, and authorized depositories within West Virginia by establishing a legal framework for using precious metals as a medium of exchange, while setting duties for the State Treasurer's Office.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill creates tax exemption for gold/silver transactions, providing targeted tax relief per its summary.85% confidence

Sub-Topics Tax Incentives

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in committee · West Virginia · House of Delegates Jan 15, 2026

HB 4013: Relating to the Mountaineer Flexible Tax Credit Act of 2026

HB 4013 establishes the "Mountaineer Flexible Tax Credit Act of 2026," creating a state tax credit program for businesses that invest in new projects or expansions within West Virginia. It directly affects qualified businesses seeking economic development incentives by requiring them to apply through the West Virginia Department of Commerce, with credits calculated based on new full-time jobs and average employer wages. Key provisions include standardized application procedures, annual reporting requirements, mandatory audits, and definitions for terms like "qualified business" and "average state wage." The bill aims to encourage private investment and job creation as part of broader economic development efforts, with the tax credit program applying to businesses meeting specific wage and employment criteria.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates business tax credits to incentivize investment, directly implementing tax policy for economic development under fiscal management.90% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Tags Economic Development

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signed · West Virginia · House of Delegates Jun 29, 2026

HB 4784: Extending the Qualified Opportunity Zones until July 1, 2032.

HB 4784 extends West Virginia's Qualified Opportunity Zones (QOZ) tax incentive program until July 1, 2032. This bill modifies the tax code to allow new businesses in designated opportunity zones to continue receiving a tax reduction on income derived from their operations. Specifically, it permits corporate taxpayers to subtract from federal taxable income an amount equal to net income earned by a qualified opportunity zone business (QOZB) located in West Virginia, provided the business was newly registered between January 1, 2019, and July 1, 2032. The tax benefit applies for a 10-year period starting from the business's first qualifying year, and existing businesses that registered before July 1, 2032, retain their full entitlement.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill extends tax incentives for businesses in opportunity zones, providing tax relief to encourage economic development through modified tax code provisions.90% confidence

Sub-Topics Tax Incentives Tags Economic Development

in committee · West Virginia · Senate Jan 14, 2026

SJR 3: Honorably Discharged Veterans' Property Tax Exemption Amendment

SJR 3 proposes a constitutional amendment to exempt honorably discharged veterans of the U.S. Armed Forces from property taxes on their primary residence and personal property in West Virginia. It would amend Article X, Section 1b of the state constitution to expand the existing homestead exemption - currently limited to seniors or disabled residents - to include veterans who are owners and residents of their primary home. The amendment requires voter approval in the 2026 general election to take effect. If passed, it would directly affect eligible veterans by eliminating property tax on their primary residence and personal property. This is a constitutional change, not a new law, and does not specify new administrative mechanisms or fiscal impacts beyond the tax exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts veterans from property taxes, providing tax relief - aligns with 'support' indicator for eligible groups.95% confidence ✓ VeteransSupports VeteransExpands property tax exemption for veterans, adding them to homestead exemption recipients beyond seniors/disabled, directly advancing veteran benefits.95% confidence

Sub-Topics Property Tax Tax Incentives

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signed · West Virginia · Senate Jun 25, 2026

SB 1: Small Business Growth Act

SB 1, the Small Business Growth Act, creates a new tax credit program administered by the West Virginia Department of Commerce to incentivize investment in small businesses. It provides insurance companies with a credit against their state premium tax equal to 15% of qualifying capital investments made by certified "growth funds" into eligible West Virginia businesses. Eligible businesses must have fewer than 250 employees and principal operations in the state, and investments are limited to 20% of a growth fund's capital authority or $7.5 million per business. The credit is claimed annually based on certified investments, with the program requiring annual reporting and prohibiting certain investment types.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing insurance companies' premium tax liability (15% of qualifying investments) to incentivize small business growth, directly advancing tax policy for economic development.95% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Tags Economic Development Small Business

in committee · West Virginia · House of Delegates Jan 21, 2026

HB 4684: Eliminate all state and county subsidies or tax breaks for solar compounds or wind compounds or other renewable energy corporations

HB 4684 eliminates tax credits for corporations and businesses using solar, wind, or other renewable energy systems after July 1, 2025, while maintaining tax credits for individual homeowners with residential renewable energy systems. It also requires renewable energy projects to be set back at least one mile from residential homes and mandates $400 million in liability insurance per 100 acres for cleanup after disasters. The bill directly affects commercial renewable energy operators by removing financial incentives, but does not impact residential users. These changes aim to reduce state subsidies for large-scale renewable energy operations.

Topics ✗ Budget & TaxesOpposes Budget & TaxesEliminates corporate tax credits for renewable energy, restricting tax breaks for businesses per bill's explicit language.95% confidence ✗ EnergyOpposes EnergyEliminates tax credits for commercial renewable energy corporations while adding restrictive requirements, directly weakening corporate renewable energy development.95% confidence ✗ EnvironmentOpposes EnvironmentEliminates corporate renewable energy tax credits, defunding commercial clean energy projects while adding restrictions, directly weakening industry support for environmental initiatives.95% confidence

Sub-Topics Business Taxes Tax Incentives Renewable Energy Solar

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in committee · West Virginia · House of Delegates Jan 23, 2026

HB 4766: Change the Homestead Exemption

HB 4766 increases West Virginia's homestead property tax exemption for eligible homeowners from a flat $20,000 to 50% of a property's assessed value (capped at $20,000 if the property is valued below $40,000). This change directly affects homeowners aged 65 or older or certified as permanently and totally disabled who meet the state's residency requirements. The bill modifies existing law (§11-6B-3) to adjust the exemption calculation method while preserving the same eligibility criteria. It does not alter residency rules or other qualifying conditions for the exemption.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases homestead exemption for seniors/disabled homeowners, reducing property tax burden - direct tax relief aligning with support indicators.92% confidence

Sub-Topics Property Tax Tax Incentives

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in committee · West Virginia · Senate Jan 19, 2026

SB 508: Permitting businesses to receive tax credit for using WV manufactured products

SB 508 creates a tax credit allowing West Virginia businesses to deduct up to 50% of the cost of purchasing products manufactured in the state, directly benefiting companies with headquarters in West Virginia that buy locally made goods. The credit is capped at $100,000 per business annually, with unused credits carrying forward for up to four years. Businesses must provide proof of purchase for qualifying WV-manufactured products to claim the credit, which reduces franchise or income taxes. This policy aims to incentivize local procurement by lowering tax burdens for businesses purchasing in-state products.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax credit reducing state revenue, weakening fiscal position by lowering tax base for qualifying businesses.95% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives

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in committee · West Virginia · House of Delegates Jan 14, 2026

HB 4043: To give an additional $20,000 dollar Homestead Exemption on the property tax of any West Virginia citizen farmer that produces more than 50% of his or her income from their farm

HB 4043 would add a $20,000 property tax exemption for West Virginia farmers who earn more than half their income from farming. This new exemption applies in addition to the existing $20,000 homestead exemption for qualifying residents (like seniors or disabled individuals). It directly affects West Virginia resident farmers whose primary income source is agriculture, reducing their property tax burden on their primary residence. The bill creates a specific tax break for farming households by expanding the current homestead exemption program to include this additional benefit for qualifying farm-dependent families.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides targeted tax relief for qualifying farmers by adding a $20,000 property tax exemption, reducing their tax burden per bill summary.95% confidence

Sub-Topics Property Tax Tax Incentives Tags Agriculture

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failed · West Virginia · Senate Mar 14, 2026

SB 389: Historic Rehab Building Credit Act

SB 389 creates a 25% state income tax credit for property owners who rehabilitate certified historic buildings in West Virginia. The credit applies to both residential and non-residential buildings listed on the National Register of Historic Places or located in designated historic districts, as certified by the West Virginia Department of Tourism and the National Park Service. To qualify, rehabilitation work must meet "Secretary of the Interior's Standards" and cost at least 20% of the property's assessed value. Property owners can claim this credit against income taxes imposed under specific sections of the state tax code.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides 25% state income tax credit for historic building rehab, reducing tax burden for property owners. Direct tax relief aligns with fiscal responsibility indicators.95% confidence ✓ HousingSupports HousingProvides 25% tax credit for rehabilitating historic residential buildings, incentivizing preservation and development of housing stock under economic development framework.95% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives Historic Preservation Housing Finance Property Taxes

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