To provide a reduction of the tax for companies who have 75% or more of their workforce as West Virginia residents

Summary

The bill lowers the business and occupation tax rate by 2.5% for companies that can prove three‑quarters of their employees live in West Virginia. It is intended to encourage firms to hire local workers and strengthen the state economy. The reduction takes effect for the 2026 tax year and continues thereafter.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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