The proposed bill aims to amend the Code of West Virginia by introducing a new section, 5-1A-6, which explicitly prohibits the use of taxpayer-derived funds to subsidize private enterprises. The bill defines "private enterprise" as any business or industry managed by independent companies or individuals, rather than by the state.

Key provisions of the bill include a mandate that all state funds originating from taxpayers to subsidize existing private enterprises will cease by July 1, 2025. Additionally, it establishes that no state funds may be used in the future to subsidize any private enterprise, reinforcing the intent to eliminate taxpayer support for private businesses. This legislative change reflects a commitment to ensuring that taxpayer money is not allocated to support private sector operations.

Statutes affected:
Introduced Version: 5-1A-6