WV SB442 | 2023 | Regular Session


Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on January 23 2023 - 25% progression, died in committee
Action: 2023-01-23 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]


The purpose of this bill is to provide an election for pass-through entities to pay income taxes at the entity level rather than pass the income through to individual owners. The bill sets forth the method of claiming the election; defines terms; sets forth a rate of tax; deals with claims for refunds and issuing assessments; deals with claiming tax credits; provides increasing and decreasing modifications for partners and shareholders when the pass-through entity elects to pay the tax at the entity level; provides for rulemaking; and sets forth an effective date which is retroactive.

Tracking Information

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Providing option for pass-through entities to pay income tax at entity level



2023-01-23SenateTo Finance
2023-01-23SenateIntroduced in Senate
2023-01-23SenateTo Finance
2023-01-23SenateFiled for introduction

Same As/Similar To

HB3245 (Similar To) 2023-02-03 - To House Finance


Code Citations

ChapterArticleSectionCitation TypeStatute Text
112112NNew CodeSee Bill Text
112163New CodeSee Bill Text

West Virginia State Sources

Bill Comments