HOUSE CONCURRENT RESOLUTION NO. 19
(By Delegates Spencer, Guthrie, Campbell, Morgan,
M. Poling, Miley, Martin, Perdue, White, Boggs)
Requesting the Joint Committee on Government and Finance study what
the appropriate amount for income tax exemptions for retirees
in the state should be.
Whereas, There is a strong interest among the retired citizens
of West Virginia regarding what the appropriate amount should be
for an exemption from income taxation on their retirement income;
and
Whereas, This interest is demonstrated by the numerous bills
introduced every year in the Legislature to change the amount of
the income exemption for retirees; and
Whereas, Many retired citizens live on fixed incomes and in
these times of economic uncertainty are fearful of their ability to
continue to keep up with even the basic cost of every day expenses
without some financial help in the way of an additional tax
exemption on their retirement income; therefore, be it
Resolved by the Legislature of West Virginia:
That the Joint Committee on Government and Finance is hereby
requested to study the fiscal and public policy implications of the
various suggestions regarding an additional exemption on retirement
income; and, be it
Further Resolved, That the Joint Committee on Government and Finance specifically study what an appropriate amount should be for
an additional exemption on retirement income; and, be it
Further Resolved, That the Joint Committee on Government and
Finance report to the regular session of the Legislature, 2011, on
its findings, conclusions and recommendations, together with drafts
of any legislation necessary to effectuate its recommendations;
and, be it
Further Resolved, That the expenses necessary to conduct this
study, to prepare a report and to draft necessary legislation be
paid from legislative appropriations to the Joint Committee on
Government and Finance