West Virginia HB5178 establishes trust accounts for minors earning income from their name, image, or likeness.

West Virginia HB5178 aims to protect minors' earnings from artistic or creative services by requiring employers to deposit a portion of the minors' gross earnings into blocked trust accounts. The bill applies to minors under 18 who earn income from using their name, image, or likeness, including student-athletes and content creators. Employers must withhold and deposit 15 percent of the minors' gross earnings into trust accounts, which remain inaccessible until the minors turn 18 or are emancipated.

West Virginia HB5178 establishes trust accounts for minors earning income from their name, image, or likeness.

West Virginia HB5178 aims to protect minors' earnings from artistic or creative services by requiring employers to deposit a portion of the minors' gross earnings into blocked trust accounts. The bill applies to minors under 18 who earn income from using their name, image, or likeness, including student-athletes and content creators. Employers must withhold and deposit 15 percent of the minors' gross earnings into trust accounts, which remain inaccessible until the minors turn 18 or are emancipated.