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HB 5095

Providing tax credits to provide vehicles to certain persons

2026 Regular Session Introduced by Hollis Lewis and 1 co-sponsor

West Virginia HB 5095 creates a state tax credit to support gifting or transferring vehicles to eligible individuals or groups.

To House Finance
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WeVote Research Nonpartisan
Bill Summary · HB 5095

Overview

HB 5095 (West Virginia, 2026) seeks to create tax credits intended to support the provision of vehicles to certain individuals or groups. The bill outlines eligibility, credit amounts, application processes, and administration details to implement the program.

Purpose and intent

  • Establish a state-level tax credit program designed to facilitate the gifting, sale, or distribution of vehicles to designated persons or populations.
  • Promote transportation access for specific groups (as defined by the bill) who may have limited means to acquire or maintain reliable transportation.
  • Provide a mechanism for individuals, businesses, or organizations to claim a credit against West Virginia state income or related tax liabilities, subject to the bill’s terms.

Key provisions and changes

  • Eligibility criteria: The bill defines who qualifies to receive vehicles and who may claim the credit. This may include categories such as low-income individuals, the elderly, persons with disabilities, veterans, or other specified groups (the bill’s text would specify exact qualifiers).
  • Credit amount and limitations: The bill sets the dollar value or calculation method for the credit. It may specify maximums per eligible recipient, annual limits, carryover provisions (if applicable), and any caps on total credits issued in a fiscal year.
  • Eligible vehicles and transfer mechanics: The program likely restricts eligible vehicles by age, model year, mileage, or condition. The bill may outline acceptable transfer methods (donation, sale at reduced price, or other vehicle transfer), documentation requirements, and title/registration responsibilities.
  • Application and verification process: Eligible recipients or program administrators would submit applications or certificates of eligibility. The bill probably requires verification by a designated state agency and periodic re-certification or update of eligibility.
  • Administration and oversight: A state department (likely the Department of Revenue or another relevant agency) would administer the tax credits, maintain records, perform compliance checks, and publish annual reports on program participation and financial impact.
  • Funding and fiscal notes: Provisions may address funding sources, such as general revenue appropriations or earmarked funds, and may include a fiscal note describing expected costs and revenue impact.
  • Compliance and penalties: The bill would specify consequences for fraudulent claims, misrepresentation of eligibility, or noncompliance by taxpayers or program administrators.
  • Sunset or review provisions: There could be a clause requiring periodic evaluation of the program and potential sunset after a set period or upon achieving certain outcomes.

Who would be affected

  • Eligible recipients: Individuals or groups meeting the defined criteria who would benefit from receiving vehicles and/or the associated tax credit.
  • Taxpayers with liabilities: State residents who claim the credit against their tax liability, subject to the program’s limits.
  • Vehicle donors or sellers: Persons or entities providing vehicles under the program, who may have underlying tax implications and transfer responsibilities.
  • State agencies: Departments responsible for program administration, eligibility verification, compliance, and reporting.

Procedural and timeline aspects

  • The bill would outline steps for enactment, implementation deadlines, and any required regulations or administrative rules.
  • It may specify effective dates (e.g., effective upon passage or a future date) and deadlines for initial credits to be claimed within a fiscal year.
  • Reporting deadlines: annual or periodic reports detailing participation, fiscal impact, and program performance.

Potential impacts and considerations

  • Equity and access: Could improve transportation access for targeted populations, enabling better employment opportunities, medical access, or social participation.
  • Budgetary impact: Depending on credit size and demand, there may be meaningful effects on state revenue and required appropriations.
  • Administrative complexity: The program adds new administration and compliance responsibilities for state agencies and could require new rules or guidance.
  • Market effects: Donor/seller participants and vehicle markets may experience ancillary effects, such as increased turnover of older vehicles.

Note: This summary is based on the bill title and typical terms of tax credit vehicle-transfer programs. For precise eligibility criteria, credit amounts, timelines, and administrative details, the bill’s full text should be consulted.

Compiled from official sources — confirm details with the bill’s official record.

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