H. B. 2779

(By Delegate Harrison)
[Introduced March 27, 1997; referred to the
Committee on Finance.]

A BILL to amend article twenty-one, chapter eleven of the code of West Virginia, one thousand nine hundred thirty-one, as amended, by adding thereto a new section, designated section twenty-one, relating to taxation; and providing a fifty dollar tax credit for each dependent child of the taxpayer.

Be it enacted by the Legislature of West Virginia:
That article twenty-one of the code of West Virginia, one thousand nine hundred thirty-one, as amended, be amended by adding thereto a new section, designated section twenty-one, to read as follows:

ARTICLE 21. PERSONAL INCOME TAX.

§11-21-21. Credit for dependent child.

(a) General. -- A resident shall be allowed a credit against the tax otherwise due under this article in the amount of fifty dollars for each dependent child of the resident.
(b) Limitations. -- The credit under this section may not exceed the percentage of the tax otherwise due under this article. (d) Definition. -- For purposes of this section West Virginia income means the West Virginia adjusted gross income of an individual.

NOTE: The purpose of this bill is to create a tax credit of fifty dollars for each dependant child of the taxpayer.

§11-21-21 is new; therefore, strike-throughs and underscoring have been omitted.