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Bill

SB 680

Repealing personal income tax and corporate net income tax

2026 Regular Session

SB 680 would eliminate West Virginia's $2+ billion annual personal and corporate income tax revenue, requiring unspecified replacement funding or significant service cuts.

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Bill Summary · SB 680

Legislative bill overview

SB 680 proposes the complete elimination of West Virginia's personal income tax and corporate net income tax, which are currently major revenue sources for the state. The bill would presumably require replacement revenue through other taxation mechanisms or spending reductions to maintain state services and operations.

Why is this important

Income taxes currently fund essential state services including education, healthcare, infrastructure, and public safety. Removing these revenue sources without clear replacement mechanisms would create a significant fiscal challenge requiring either substantial cuts to services, implementation of alternative taxes, or increased reliance on federal funding or debt.

Potential points of contention

  • Revenue replacement: The bill lacks detail on how the estimated $2+ billion in annual lost revenue would be replaced, creating uncertainty about state budget viability
  • Service impacts: Eliminating major tax revenue without spending plans raises questions about adequacy of education funding, Medicaid, and infrastructure maintenance
  • Economic assumptions: Proponents argue tax elimination attracts business; critics question whether modest growth could offset massive revenue loss or whether other states' similar attempts have succeeded
  • Regressivity concerns: Without income tax, states typically rely more heavily on sales taxes, which disproportionately burden lower-income residents
  • Implementation timeline: No clear phase-in period specified, which could create immediate budget crises

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

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