H. B. 3004
(By Delegates Spencer, Hunt and Skaff)
[Introduced January 13, 2010; referred to the
Committee on Finance.]
A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §11-21-12i, relating
to permitting individual taxpayers a modification to state
income tax for medical expenses exceeding two percent of their
federal adjusted gross income.
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 §11-21-12i, to read as
follows:
ARTICLE 21. PERSONAL INCOME TAX.
PART 1. GENERAL.
§11-21-12i. Additional modification reducing federal adjusted
gross income relating to health care expenses.
For taxable years beginning January 1, 2010, in addition to
amounts authorized to be subtracted from federal adjusted gross
income pursuant to subsection (c), section twelve of this article,
any payment during the taxable year for amounts expended by an
individual for health care expenses in excess of two percent of his
or her federal adjusted gross income, not including amounts
reimbursed by an employer or otherwise, is an authorized
modification reducing federal adjusted gross income, but only to
the extent the amount is not allowable as a deduction when arriving
at the taxpayer's federal adjusted gross income for the taxable
year in which the payment is made.
NOTE: The purpose of this bill is to permit individual
taxpayers a modification to state income tax for medical expenses
exceeding two percent of their federal adjusted gross income.
Strike-throughs indicate language that would be stricken from
the present law, and underscoring indicates new language that would
be added.
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