West Virginia Governor Signs Law Updating Personal Income Tax Act with Federal Amendments

The West Virginia Governor signed a law updating the West Virginia personal income tax act by incorporating federal tax code amendments made through Dec. 31, 2024, while preserving state provisions related to gaming and gambling losses. The law includes adding a new subsection to maintain state tax treatment of gaming and gambling losses regardless of federal changes that might occur after Jan. 1, 2026. The law takes effect Feb. 23. [S.B. 400, enacted 03/02/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.