H. B. 2903
(By Delegates Hall,
Border and Webb)
[Introduced February 25, 1999; 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
twelve-c, relating to excluding from federal adjusted gross
income, for purposes of the West Virginia personal income
tax, amounts included in federal adjusted gross income
attributed to the receipt of social security benefits.
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
twelve-c, to read as follows:
ARTICLE 21. PERSONAL INCOME TAX.
§11-21-12c. Modification reducing federal adjusted gross income
related to social security benefits.
(a) In addition to amounts authorized to be subtracted from
federal adjusted gross income pursuant to subsection (c), section
twelve and section twelve-a of this article, any amount included
in federal adjusted gross income attributed to the receipt of
social security benefits is an authorized reduction from federal
adjusted gross income.
(b) This section is effective for tax years beginning after
the thirty-first day of December, one thousand nine hundred
ninety-eight.
NOTE: The purpose of this bill is to exclude from federal
adjusted gross income, for purposes of the West Virginia personal
income tax, amounts included in federal adjusted gross income
attributed to the receipt of social security benefits.
This section is new; therefore, strike-throughs and
underscoring have been omitted.