H. B. 2994


(By Delegate Craig (By Request))

[Introduced February 13, 2003 ; 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 fifteen-a, relating to personal income tax credits; and allowing a credit against a taxpayer's tax liability for performing volunteer work for nonprofit organizations.

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 fifteen-a, to read as follows:
ARTICLE 21. PERSONAL INCOME TAX.

§11-21-15a. Credit for volunteer work for 501(c)(3) entities.
A taxpayer is allowed a credit, not to exceed two thousand dollars in a taxable year, against the tax imposed by the provisions of this article for volunteer work performed for an entity which qualifies for exemption from federal income taxation under section 501(c)(3) of the Internal Revenue Code. For each hour of volunteer work performed, a taxpayer is allowed a credit in an amount equal to the state average hourly wage for that taxable year, as determined by the state division of labor.



NOTE: The purpose of this bill is to allow a credit against the West Virginia personal income tax for volunteer work for nonprofit organizations.

§11-21-15a is new; therefore, strike-throughs and underscoring have been omitted.