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Introduced Version Senate Bill 36 History

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Key: Green = existing Code. Red = new code to be enacted
Senate Bill No. 36

(By Senator Deem)

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[Introduced January 13, 2010; referred to the Committee on Finance.]

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A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §11-21-12j, relating to allowing a federal adjusted gross income deduction for the amount spent on a high deductible health plan purchased in conjunction with a health savings account.

Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §11-21-12j, to read as follows:
ARTICLE 21. PERSONAL INCOME TAX.
§11-21-12j. Additional modification reducing federal adjusted gross income for the amount spent on a high deductible health plan purchased in conjunction with a health savings account.

For taxable years beginning after December 31, 2010, in addition to amounts authorized to be subtracted from federal adjusted gross income pursuant to subsection (c), section twelve of this article, there is an authorized allowable federal adjusted gross income deduction for the amount spent on a high deductible health plan, as defined by section two hundred twenty-three(c) (2) (A) of the Internal Revenue Code, purchased in conjunction with a health savings account, as defined by section two hundred twenty- three of the Internal Revenue Code.


NOTE: The purpose of this bill is to allow a federal adjusted gross income deduction for the amount spent on a high deductible health plan purchased in conjunction with a health savings account.

This section is new; therefore, strike-throughs and underscoring have been omitted.
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