The bill amends and reenacts section 11-21-9 of the West Virginia Code, which pertains to the personal income tax. It updates the definition of federal adjusted gross income and other related terms, ensuring that any changes to federal tax law made between December 31, 2024, and January 1, 2026, are recognized for state tax purposes. However, any amendments to federal law made after January 1, 2026, will not affect state tax calculations. The bill also preserves existing provisions regarding gaming and gambling losses, clarifying how these losses will be treated in relation to federal adjusted gross income.

Additionally, the bill specifies that for taxable years beginning on or after January 1, 2026, modifications related to gaming and gambling losses will be based on prior law, as if federal tax law had not changed. It also clarifies the definition of "low income" for the purpose of refundable credits for low-income senior citizens, aligning it with federal poverty guidelines. Overall, the bill aims to maintain consistency between state and federal tax laws while providing specific provisions for certain tax credits and deductions.

Statutes affected:
Introduced Version: 11-21-9
Committee Substitute: 11-21-9
Enrolled Committee Substitute: 11-21-9