Creating deductions for contributions to Trump accounts

HB 5544 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 5544 History

|
Email

Key:
Green
= existing Code.
Red
= new code to be enacted

WEST VIRGINIA LEGISLATURE
2026
REGULAR SESSION
Introduced
House Bill 5544
By Delegates Holstein, Hanshaw (Mr. Speaker), Akers, and Chiarelli
[Introduced February 16, 2026; referred to the Committee on Finance]
A BILL to amend the Code of West Virginia, 1931, as amended, by adding a new section, designated §11-21-12o, relating to the deduction for contributions to Trump Accounts.
Be it enacted by the Legislature of West Virginia:

ARTICLE 21. PERSONAL INCOME TAX.

§11-21-12o. Deduction for contributions to Trump Accounts.

(a)
Deduction
. – In computing West Virginia adjusted gross income, a resident taxpayer may deduct contributions made during the taxable year to a Trump Account established for a qualifying dependent child.
(b)
Definition
. – For purposes of this section, a "Trump Account" shall have the meaning prescribed to it in 26 U.S. Code § 6434 entitled "Trump accounts contribution pilot program," as well as how the account is established under Section 530A of the Internal Revenue Code.
(c)
Qualifiers
. – The term “eligible child” means a qualifying child, as defined in section 152 of 26 U.S. Code § 6434, who:
(1) Is born after December 31, 2024, and before January 1, 2029,
(2) With respect to whom no prior election has been made under this section by such individual or any other individual, and
(3) Who is a United States citizen.
(d)
Maximum allowed
. – The maximum deduction allowed under this section is:
(1) $1,000 for an individual taxpayer; or
(2) $2,000 for married individuals filing a joint return.
(e)
No other deductions
. – Contributions deducted under this section may not be deducted under any other provision of this chapter.
(f)
Exemption
. – Earnings accruing within a Trump Account are exempt from West Virginia personal income tax until distributed.
(g)
Rules
. – The Tax Commissioner may promulgate rules to administer this section.
NOTE: The purpose of this bill is to provide for the deduction for contributions to Trump Accounts.
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: