Creating deductions for contributions to Trump accounts

Summary

The bill creates a West Virginia personal‑income‑tax deduction for contributions made to a federally defined Trump Account for a qualifying dependent child. The deduction is capped at $1,000 for single filers or $2,000 for joint returns, and earnings in the account are exempt from state tax until they are distributed. It applies only to children born between 2025 and 2028 who are U.S. citizens and have not previously used this benefit.

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

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