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

HB 2552 would reduce West Virginia's business and occupation tax rate by 2.5% for companies employing at least 75% West Virginia residents. This tax incentive directly affects businesses operating in the state that meet the workforce residency requirement. To qualify, companies must provide documentation proving 75% of their workforce resides in West Virginia, with the Tax Department issuing implementation guidance. The reduction applies to the 2025 tax year and all subsequent years.