Senate
House
Joint
Bill Status
WV Code
Audits/ Reports
Educational
Contact
home
home

Introduced Version House Bill 2967 History

   |  Email


ole.gif

H. B. 2967

 

         (By Delegates Manypenny, Barill, Barker and Williams)

         [Introduced January 11, 2012; referred to the

         Committee on Pensions and Retirement then Finance.]

 

 

ole1.gif

 

 

A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §11-21-12j, relating to providing a personal income tax modification for retirees who are in long-term care facilities who also receive retirement or investment income; and defining a term.

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 §11-21-12j, to read as follows:

ARTICLE 21. PERSONAL INCOME TAX.

§11-21-12j. Additional modification reducing federal adjusted gross income.

    (a) In addition to amounts authorized to be subtracted from federal adjusted gross income pursuant to subsection (c), section twelve of this article, retirement and investment income received by retirees who are in long-term care facilities is an authorized modification reducing federal adjusted gross income, but only to the extent the retirement and investment income is included in federal adjusted gross income for the taxable year in which it is received.

    (b) For purposes of this section “long-term care facility” means a facility where a retiree resides, or given his or her condition is expected to reside, for not less than twelve consecutive months for one or more necessary or medically necessary diagnostic, preventive, therapeutic, rehabilitative, maintenance or personal care services, provided in a setting other than an acute care unit of a hospital.




    NOTE: The purpose of this bill is to provide a personal income tax modification for retirees who are in long-term care facilities who also receive retirement or investment income. The bill also defines the term “long-term care facility.”


    §11-21-12j is new; therefore, it has been completely underscored.

This Web site is maintained by the West Virginia Legislature's Office of Reference & Information.  |  Terms of Use  |   Web Administrator   |   © 2014 West Virginia Legislature **