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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