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SB 624WEST VIRGINIASession 2026State Billdead

Did Not Advance

West Virginia Bill Extends Tax Modifications for Qualified Opportunity Zone Businesses

Original title: Extending sunset date for modification to personal and corporate income tax for qualified businesses

Last action · January 27, 2026: To FinanceSponsors: Eric Tarr and 1 other

Bill progressHistory & official text ↓

Introduced

Committee

Floor Vote

Passed

Law

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What This Bill Proposed

Senate Bill 624 extends the sunset date for personal and corporate income tax modifications for es to align with the termination of federal tax relief under P.L. No. 115-97 as amended by P.L. No. 119-21. The measure allows eligible newly registered businesses in West Virginia opportunity zones to continue claiming state tax modifications for a 10-year period.

Why it matters

Determines state income tax liabilities and reporting requirements for businesses operating within designated opportunity zones in West Virginia, impacting tax calculations for individuals, , and corporations over a 10-year period.

Background

Qualified Opportunity Zones were originally established under the federal Tax Cuts and Jobs Act of 2017 (P.L. 115-97) to encourage long-term private investment in low-income communities. context

Who It Would Have Affected

Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.

Directly affected

Qualified opportunity zone businesses

Eligible businesses are granted an extended timeline to qualify for state personal and corporate income tax modifications.

Directly affected

Tax Commissioner

Empowered to propose legislative, interpretive, or procedural rules to enforce and administer the tax modifications statewide.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What businesses are eligible for the tax modification?

Newly registered businesses in West Virginia located in a qualified opportunity zone that obtained a business registration certificate and were formed on or after January 1, 2019, and before the new federal expiration date, and are not reorganizations of prior businesses.

How long does a qualified business receive the tax modification?

The modification applies for a 10-year period beginning with the first full taxable year during which the business first qualifies or reports net income.

What else do you want to know?

News Coverage

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Where This Stands

This bill did not become law - Died at adjournment · in Senate committee.

Procedural history

4 actions

Jan 27, 2026SenateCommittee
To Finance
Jan 27, 2026SenateIntroduced
Introduced in Senate
Jan 26, 2026SenateCommittee
To Finance
Jan 26, 2026SenateIntroduced
Filed for introduction

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift98% confidence

Alignment with Federal Sunset Timelines

The bill links the expiration of West Virginia state tax modifications directly to federal tax relief timelines established by P.L. 115-97 and amended by P.L. 119-21.

Internal Revenue Code

Connected Entities

Tax Commissioner, Internal Revenue Code

OrganizationTax Commissioner“Authorized to issue business registration certificates and propose legislative o”Map →

OrganizationInternal Revenue Code“Defines terms and corporate structures referenced in the bill.”Map →

Sources

Open source document

www.wvlegislature.gov

Analysis Score

0–100

Significance20
Lowered because this bill did not pass (its text scored 50)
Controversy20
Intensity of disagreement among stakeholders
Entertainment5
Compellingness for a non-policy-wonk reader
Buzz25
Current news / social attention level

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