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Bill

HB 4927

To eliminate the Personal Income tax in WV

2026 Regular Session Introduced by Chris Anders and 4 co-sponsors

HB 4927 seeks to eliminate West Virginia's personal income tax, requiring alternative revenue sources to replace approximately 50% of current state general fund revenues.

To House Finance
#taxation
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Bill Summary · HB 4927

Legislative bill overview

HB 4927 proposes the complete elimination of West Virginia's personal income tax, which currently generates a substantial portion of the state's general revenue. The bill would require replacing that revenue through alternative funding mechanisms, though the specific replacement sources are not detailed in the available information.

Why is this important

Personal income tax typically accounts for roughly 50% of West Virginia's general revenue fund, making this proposal a fundamental restructuring of state finances. The outcome would significantly affect funding for education, healthcare, infrastructure, and social services unless offset by other revenue sources or substantial spending cuts.

Potential points of contention

  • Revenue replacement: Eliminating $2+ billion in annual income tax revenue requires identifying substantial alternative funding (sales tax increases, corporate tax changes, reduced spending, or new taxes), each with different distributional impacts
  • Regressive tax shift: Without careful design, relying on sales taxes or consumption-based alternatives disproportionately burdens lower-income residents who spend a higher percentage of earnings on taxable goods
  • Economic competitiveness claims vs. fiscal reality: While proponents argue tax elimination attracts business and workers, critics counter that reduced public services undermine that advantage and that neighboring states offer similar or better tax environments with maintained services

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

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