West Virginia HB5095 proposes tax credits for low-income workers and dealers to purchase reliable, affordable vehicles.

West Virginia HB5095 introduces tax credits to help low-income workers and licensed automobile dealers purchase reliable and affordable vehicles. Individual taxpayers can receive up to $6,000 per vehicle, while dealers can receive up to $6,000 per vehicle sold or donated. The bill sets a cap of $300,000 for tax credits in 2026 and 2027, and $1 million for subsequent years. Vehicles must meet safety and condition criteria, and the Tax Commissioner will track and report on the credits claimed.

West Virginia HB5095 proposes tax credits for low-income workers and dealers to purchase reliable, affordable vehicles.

West Virginia HB5095 introduces tax credits to help low-income workers and licensed automobile dealers purchase reliable and affordable vehicles. Individual taxpayers can receive up to $6,000 per vehicle, while dealers can receive up to $6,000 per vehicle sold or donated. The bill sets a cap of $300,000 for tax credits in 2026 and 2027, and $1 million for subsequent years. Vehicles must meet safety and condition criteria, and the Tax Commissioner will track and report on the credits claimed.