This bill amends the Code of West Virginia, specifically section 21A-1A-28, to modify the calculation of the taxable wage base for unemployment compensation. The primary change involves adjusting the threshold for taxable wages from $9,500 to $8,500. This adjustment affects the definition of "wages," which encompasses all forms of remuneration for personal services, including bonuses and gratuities, while excluding certain payments such as retirement benefits and medical expenses.

Additionally, the bill clarifies that the remuneration paid to an individual by an employer for employment in another state will be included in the taxable wage base, provided that contributions were made under the unemployment compensation laws of that state. The amendments are set to take effect on July 1, 2026, reflecting the updated taxable wage base and ensuring compliance with federal regulations regarding unemployment compensation.

Statutes affected:
Introduced Version: 21A-1A-28