West Virginia SB248 creates a tax credit to encourage former residents to return and work in the state.

West Virginia SB248, the Return to West Virginia Tax Credit Act, establishes a nonrefundable $25,000 tax credit against state personal income taxes for eligible taxpayers. Eligibility requires the taxpayer to have resided and been employed in West Virginia for at least 10 years or to have been born in West Virginia, and to have returned as a resident on or after January 1, 2025, after not being a resident for at least 10 consecutive years before 2025. The credit can be claimed starting after December 31, 2026, and expires after December 31, 2030.

West Virginia SB248 creates a tax credit to encourage former residents to return and work in the state.

West Virginia SB248, the Return to West Virginia Tax Credit Act, establishes a nonrefundable $25,000 tax credit against state personal income taxes for eligible taxpayers. Eligibility requires the taxpayer to have resided and been employed in West Virginia for at least 10 years or to have been born in West Virginia, and to have returned as a resident on or after January 1, 2025, after not being a resident for at least 10 consecutive years before 2025. The credit can be claimed starting after December 31, 2026, and expires after December 31, 2030.