WV SB496 | 2023 | Regular Session

West Virginia Senate Bill 496 (Prior Session Legislation)

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 27 2023 - 25% progression, died in committee
Action: 2023-01-27 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]

Summary

The purpose of this bill is to levying a tax on pass through entity's income apportioned to West Virginia for pass through entities that elect to pay West Virginia income tax at the entity level and authorizing a refundable income tax credit for an owner for such tax paid

Title

Allowing tax pass through entities to pay state and local taxes at entity level

History

Date	Chamber	Action
2023-01-27	Senate	To Finance
2023-01-27	Senate	Introduced in Senate
2023-01-27	Senate	To Finance
2023-01-27	Senate	Filed for introduction

Same As/Similar To

HB2934 (Similar To) 2023-01-24 - To House Finance

Subjects

Taxation

West Virginia State Sources

Type	Source
Summary	http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=496&year=2023&sessiontype=RS&btype=bill
Text	http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=sb496%20intr.htm&yr=2023&sesstype=RS&i=496
Supplement	http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=860335271