This bill proposes an amendment to the Code of West Virginia by adding a new section, 11-21-12o, which aims to exempt the first $20,000 of income earned by resident individuals from personal income taxation. The amendment specifies that for taxable years beginning on or after January 1, 2026, West Virginia residents, including married couples filing jointly, will be allowed an additional modification that reduces their federal adjusted gross income by this amount.

The intent of the bill is to provide financial relief to residents by lowering their taxable income, thereby potentially increasing their disposable income. This change is expected to benefit individuals and families by allowing them to retain more of their earnings without the burden of state income tax on the initial $20,000.

Statutes affected:
Introduced Version: 11-21-12o