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.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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