H. B. 2812
(By Delegate Blass)
[Introduced February 24, 1995; referred to the
Committee on Education then 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; and allowing a
deduction from a taxpayer's personal income tax liability
for contributions to private and state supported colleges,
universities and high schools located in this state.
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. West Virginia itemized deduction for contribution to
private and state supported colleges,
universities and high schools.
A deduction from West Virginia adjusted gross income shall be
allowed taxpayers who make contributions of cash, stocks, bonds,
securities, real and personal property, and other negotiable
instruments to private and state supported colleges, universities
and high schools located in this state.
The tax commissioner shall provide a separate line item on
income tax forms for taxpayer use in claiming this deduction.
NOTE: The purpose of this bill is to give taxpayers a
deduction from adjusted gross income for contributions to private
and state supported colleges, universities and high schools
located in this state.
This section is new; therefore, strike-throughs and
underscoring have been omitted.