H. B. 2881
(By Delegates Kelley, Perdue, Ennis,
Ashley, Stemple, Givens and Hatfield)
[Introduced February 24, 1999; 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
twelve-c, relating to allowing taxpayers a reduction in
their adjusted gross income for gifts made to community
Be it enacted by the Legislature of West Virginia:
That article twenty-one, chapter eleven of the code of West
Virginia, one thousand nine hundred thirty-one, as amended, be
amended by adding thereto a new section, designated section
twelve-c, to read as follows:
ARTICLE 21. PERSONAL INCOME TAX.
§11-21-12c. Contributions to community foundations reducing
state adjusted gross income.
Commencing with the tax year two thousand, for contributions
to community foundations and community trusts, as defined in article six-a, chapter forty-four of this code, resident and
nonresident West Virginia tax payers shall be entitled to a
modification reducing their West Virginia adjusted income in an
amount equal to ten percent of the amount of the gift for the
year in which the contribution was made.
NOTE: The purpose of this bill is to attract substantial
contributions to aid the services provided to the approximately
seventeen communities in the state wherein community foundations
This section is new; therefore, strike-throughs and
underscoring have been omitted.