West Virginia legislation · 2026 Regular Session
West Virginia HB5519: Relating to creating the “West Virginia Tax Neutrality Act”
Status: Introduced, February 13, 2026
What the bill says
To amend the Code of West Virginia, 1931, as amended, by adding a new section, designated §11-21-98, relating to creating the "West Virginia Tax Neutrality Act;"; removing gains and losses from a taxpayer's federal adjusted gross income or federal taxable income. ARTICLE 1. Sound Money Tax Neutrality Act. §11-21-98. Removing capital gains and losses from a taxpayer's federal adjusted gross income or federal taxable income. (a) As used in this section: (1) "Capital gain transaction" means a transaction that results in or (ii) Long-term capital gain. (2) "Long-term capital gain" is as def.
From the introduced text:
A BILL to amend the Code of West Virginia, 1931, as amended, by adding a new section, designated §11-21-98, relating to creating the "West Virginia Tax Neutrality Act;"; removing gains and losses from a taxpayer's federal adjusted gross income or federal taxable income. ARTICLE 1. Sound Money Tax Neutrality Act. §11-21-98. Removing capital gains and losses from a taxpayer's federal adjusted gross income or federal taxable income. (a) As used in this section: (1) "Capital gain transaction" means a transaction that results in or (ii) Long-term capital gain. (2) "Long-term capital gain" is as defined in Section 1222, Internal Revenue Code. (3) "Short-term capital gain" is as defined in Section 1222, Internal Revenue Code. (b) Individuals, corporations, and fiduciaries must add to the federal adjusted gross income or federal taxable income any net capital loss from the sale or exchange of investment metal bullion and investment coins, as defined in § 11-15-9r(b) and (c), to the extent included in federal adjusted gross income or federal taxable income. (c) Individuals, corporations, and fiduciaries must subtract from federal adjusted gross income or federal taxable income any net capital gain from the sale or exchange of investment metal bullion and investment coins, as defined in § 11-15-9r(b) and (c), to the extent included in federal adjusted gross income or federal taxable income. (d) …