H. B. 2467


(By Delegates Hall, Border and Webb)

[Introduced February 22, 2001; 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-d, relating to excluding from federal adjusted gross income, for purposes of the West Virginia personal income tax, amounts included in federal adjusted gross income attributed to the receipt of social security benefits.

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-d, to read as follows:

ARTICLE 21. PERSONAL INCOME TAX.

§11-21-12d. Modification reducing federal adjusted gross income related to social security benefits.

(a) In addition to amounts authorized to be subtracted from federal adjusted gross income pursuant to subsection (c), section twelve and section twelve-a of this article, any amount included in federal adjusted gross income attributed to the receipt of social security benefits is an authorized reduction from federal adjusted gross income.
(b) This section is effective for tax years beginning after the thirty-first day of December, two thousand.


NOTE: The purpose of this bill is to exclude from federal adjusted gross income, for purposes of the West Virginia personal income tax, amounts included in federal adjusted gross income attributed to the receipt of social security benefits.

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