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HB4735 • 2026
Creating Corporate Anti-Subsidy Act
Creating Corporate Anti-Subsidy Act
Passed Legislature
This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.
Bill History
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2026-01-22
H
To House Government Organization
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2026-01-22
H
Introduced in House
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2026-01-22
H
To Government Organization then Finance
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2026-01-22
H
Filed for introduction
Official Summary Text
Creating Corporate Anti-Subsidy Act
Current Bill Text
Read the full stored bill text
HB 4735 Text skip navigation SENATE PRESIDENT SENATORS COMMITTEES VIDEO/AUDIO DISTRICT MAPS SENATE CLERK SENATE RULES HOUSE SPEAKER DELEGATES COMMITTEES VIDEO/AUDIO DISTRICT MAPS HOUSE CLERK HOUSE RULES HOUSE STAFF JOINT INTERIM COMMITTEES LEGISLATIVE ADMINISTRATOR LEGISLATIVE SERVICES DIVISION PUBLIC INFORMATION LEGISLATIVE AUTOMATED SYSTEMS DIVISION LEGISLATIVE AUDITOR'S OFFICE PERFORMANCE EVALUATION & RESEARCH DIVISION POST AUDIT DIVISION BUDGET DIVISION REGULATORY AND FISCAL AFFAIRS DIVISION CLAIMS COMMISSION CRIME VICTIMS RULE-MAKING REVIEW SPECIAL INVESTIGATIONS JUDICIAL COMP. COMMISSION JOINT RULES STAFF INFO BILL STATUS BILL STATUS BILL TRACKING STATE LAW WEST VIRGINIA CODE ACTS OF THE LEGISLATURE CODE OF 1931 WV CONSTITUTION US CONSTITUTION REPORTS AGENCY REPORTS AGENCY GRANT AWARDS PERFORMANCE EVALUATIONS POST AUDITS EDUCATIONAL CITIZEN’S GUIDE INTERNSHIP PROGRAM PAGE PROGRAM PUBLICATIONS PHOTO GALLERY CAPITOL HISTORY HOW A BILL BECOMES LAW CONTACT SENATE ROSTER HOUSE ROSTER PUBLIC INFO. NEWS RELEASES HELPFUL LINKS Introduced Version House Bill 4735 History | Email Key: Green = existing Code. Red = new code to be enacted WEST VIRGINIA LEGISLATURE 2026 REGULAR SESSION Introduced House Bill 4735 By Delegate Young [Introduced January 22, 2026; referred to the Committee on Government Organization then Finance] A BILL to amend the Code of West Virginia, 1931, as amended, by adding a new article, designated §12-11-1, §12-11-2, and §12-11-3, all relating to creating the Corporate Anti-Subsidy Act; permitting West Virginia to enter into the Interstate Compact Agreement Prohibiting Company-Specific Subsidies; and setting a level playing field that would abolish the nationwide practice of company-specific subsidies that currently pits states against one another. Be it enacted by the Legislature of West Virginia: ARTICLE 11. Corporate Anti-Subsidy Act. §12-11-1. Findings. The Legislature finds that state governments are caught in a race to the bottom offering ever-larger company-specific tax breaks or grants in an attempt to lure large companies to stay or relocate in their state, despite overwhelming evidence that the company-specific tax breaks are neither an efficient use of public dollars nor a determining factor in a company’s eventual decision where to locate, and (1) State governments in the aggregate spend tens of billions of dollars annually on company-specific subsidies, and (2) Spending those economic development dollars on universal infrastructure such as transportation or education that benefits all employers, not just the few large for-profit companies that negotiate a special subsidy, is a far superior use of state budget resources, and (3) The ability of the world’s most profitable companies to set off a bidding war, often in secret, between states to package the largest subsidy imaginable in order to lure the company to that state demonstrates the inherently weak bargaining position of states in any company-specific subsidy negotiation, driving up the prices of these policies, and (4) Providing special subsidies for one company puts all the competitors to that company at a disadvantage, as they must pay the full tax rate or operative without the benefit of the grant which further exacerbates the largest companies getting even greater market share than they otherwise would if all companies paid the same tax rate, and (5) It would be far superior for all employers if states competed for companies based on their overall economic condition that all employers enjoyed, including taxes, infrastructure, workforce and regulations, and not on a company-specific subsidy package which only benefits a small number of the wealthiest companies, and (6) Despite widespread recognition of the wasteful nature of these company-specific subsidies, no one state is able to unilaterally end the practice as doing so is perceived to put that state at a competitive disadvantage to other states, and (7) To set a level playing field and abolish the practice of company-specific subsidies, states should enter into an agreement not to engage in the practice that becomes binding for any companies located in any state that is a member of the agreement, especially among neighboring states until all 50 states are able to join the agreement, and (8) This legislation is a first version of such an interstate compact and intends to be replaced in 2027 after input from experts and organizations from all sides of the political spectrum. §12-11-2. Short title. This article may be cited as the Corporate Anti-Subsidy Act. §12-11-3. Execution of the compact. The Corporate Anti-Subsidy Act is hereby enacted into law and entered into with any state or the District of Columbia which legally joins in substantially the following form: INTERSTATE COMPACT AGREEMENT PROHIBITING COMPANY-SPECIFIC SUBISIDIES The contracting states agree that: ARTICLE I. MEMBERSHIP. Any State of the United States and the District of Columbia may become a member of the "Interstate Compact Agreement Prohibiting Company-Specific Subsidies" by enacting this agreement. ARTICLE II. DEFINITIONS. "Company-specific tax incentive" means any change in the general tax rate or valuation offered or presented to a specific company that is not available to other similarly-situated companies. Any tax incentive that is part of a special agreement negotiated with an official of the state government is hereby defined as a company-specific tax incentive and not permitted under this law. "Company-specific grant" means any disbursement of funds via property, cash or deferred tax liability by the state government to a particular company and is not permitted under this law. "Workforce development grants" means grants that train employees. ARTICLE III. COMPANY-SPECIFIC SUBSIDIES. Each member state agrees to not offer company-specific subsidies for companies currently located in or considering locating in any member state, including, but not limited to, for corporate headquarters, manufacturing facilities, office space, or other real estate developments. ARTICLE IV. EXCLUSIONS. Existing company-specific subsidies are not impacted by this agreement, since this agreement is not retroactive, except that any changes to the terms, including renewals or reenactments, of any existing company-specific subsidies are to be considered new company-specific subsidies and not permitted under this agreement. Workforce development grants are not subject to this agreement since the company receiving the grant may benefit, but the employees receiving the training are the largest beneficiary. ARTICLE V. RETROACTIVE APPLICATION EXCLUDED. Existing company-specific grants are not impacted by this agreement, as this agreement is not retroactive, except that any changes to the terms of any existing company-specific grants are to be considered new company-specific grants and thus not permitted under the terms of this agreement. ARTICLE VI. WITHDRAWAL. Any member state may withdraw from this agreement with six-months’ notice and shall do so in writing to the chief executive officer of every other member state to the agreement. ARTICLE VII. BOARD. A Board of Member States to the "Interstate Compact Agreement Prohibiting Company-Specific Subsidies" is established by this Agreement. Each Member State shall appoint five members to the board, one from the Chief Executive Officer, one each from the majority leader of each chamber and one each from the minority leader of each chamber. The board shall convene at least annually, elect officers from its membership and establish rules and procedures for its governance. The purpose of the board is to collect testimony from all interested parties, including member states and organizations and associations representing state legislators, taxpayers and subject matter experts on how the Agreement can be improved and strengthened. The board may draft and disseminate suggested revisions to this agreement from time to time. NOTE: The purpose of this bill is to create the Corporate Anti-Subsidy Act. The bill permits West Virginia to enter into the "Interstate Compact Agreement Prohibiting Company-Specific Subsidies." Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added. Bill Status | Bill Tracking | Legacy WV Code | Bulletin Board | District Maps | Senate Roster | House Roster | Live | Blog | Jobs | Links | Home This Web site is maintained by the West Virginia Legislature's Office of Reference & Information. | Terms of Use | Webmaster | © 2026 West Virginia Legislature ** Print On Demand Name: Email: Phone: