This morning the House Finance Committee met very briefly to report two bills that update language in some tax acts. The Bills were HB 2590 and HB 2594.
House Bill 2590 would update the meaning of federal taxable income and certain other terms used in the West Virginia Corporation Net Income Tax Act.
House Bill 2594 would update the meaning of federal adjusted gross income and certain other terms used in the West Virginia Personal Income Tax Act.
The House Finance Committee will meet again today following a 3 p.m. budget hearing.
