West Virginia HB4927 proposes to eliminate personal income tax in the state.

West Virginia HB4927 seeks to amend the state's personal income tax code by abolishing the tax for individuals, estates, trusts, and pass-through entities. The bill specifies that the tax will be eliminated for tax years beginning after December 31, 2026. It also outlines exceptions, including certain trusts and organizations exempt from federal income tax. The changes would apply to taxable years beginning on and after January 1, 2022.

West Virginia HB4927 proposes to eliminate personal income tax in the state.

West Virginia HB4927 seeks to amend the state's personal income tax code by abolishing the tax for individuals, estates, trusts, and pass-through entities. The bill specifies that the tax will be eliminated for tax years beginning after December 31, 2026. It also outlines exceptions, including certain trusts and organizations exempt from federal income tax. The changes would apply to taxable years beginning on and after January 1, 2022.