Introduced Version
House Bill 4462 History
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Key: Green = existing Code. Red = new code to be enacted
H. B. 4462
(By Delegates Guthrie, Marshall, Poore,
Hatfield, Mahan, Perdue, Williams
and Brown)
[Introduced
February 12, 2010
; referred to the
Committee on Health and Human Resources then Finance.]
A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §11-21-12j, relating
to authorizing a modification reducing federal adjusted gross
income
for the amount spent for medical expenses that exceed
$2,000 a year
.
Be it enacted by the Legislature of West Virginia:
That the Code of West Virginia, 1931, as amended, be amended
by adding thereto a new section, designated §11-21-12
j, to read as
follows:
ARTICLE 21. PERSONAL INCOME TAX.
§11-21-12j. Additional modification reducing federal adjusted
gross income for medical expenses.
For taxable years beginning after December 31, 2009, in
addition to amounts authorized to be subtracted from federal
adjusted gross income pursuant to subsection (c), section twelve of
this article,
a modification reducing
federal adjusted gross income
is hereby authorized for medical expenses that exceed $2,000 a year in the amount for sums
spent for reasonable and necessary medical
expenses paid on behalf of a taxpayer and his or her minor children
not to exceed $2,000, or in the case of a married couple jointly
filing, on behalf of either spouse and their minor children, within
the taxable year not to exceed $4,000, but only to the extent the
amount is not allowable as a deduction when arriving at the
taxpayer's federal adjusted gross income for the taxable year in
the year payment is made.
NOTE: The purpose of this bill is to allow a modification
reducing federal adjusted gross when medical expenses exceed $2,000
a year.
This section is new; therefore, it has been completely
underscored.