Senate Bill No. 18
(By Senator Deem)
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[Introduced January 13, 2010; referred to the Committee on Health
and Human Resources; and then to the Committee on Finance.]
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A BILL to amend the Code of West Virginia, 1931, as amended, by
adding thereto a new section, designated §11-21-12j, relating
to allowing a federal adjusted gross income deduction for the
amount spent on health insurance; and defining terms.
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; health insurance.
For taxable years beginning after December 31, 2009, in
addition to amounts authorized to be subtracted from federal
adjusted gross income pursuant to section twelve-c of this article,
there shall be an authorized allowable federal adjusted gross income deduction of up to $15,000 for the amount spent on health
insurance. For purposes of this section, health insurance shall
include any amount paid for health insurance including, but not
limited to, premiums, copayments and deductibles. This section is
applicable to any insurance product regulated by the Insurance
Commission pursuant to chapter thirty-three of this code and to the
Public Employees Insurance Agency established in article sixteen of
chapter five of this code.
NOTE: The purpose of this bill is to allow a federal adjusted
gross income deduction of up to $15,000 for the amount spent on
health insurance.
This section is new; therefore, strike-throughs and
underscoring have been omitted.