SB437 HFA Byrd 3-25
Delegate Byrd moves to amend the bill on page 2, by striking out the enacting section and inserting in lieu thereof, a new enacting section to read as follows:
“That the Code of West Virginia, 1931, as amended, be amended by adding thereto a new section, designated §11-21-12j; that §19-23-7, §19-23-10, §19-23-12b, §19-23-13 and §19-23-13c of said code as amended, be amended and reenacted; that said code be amended by adding thereto a new section, designated §19-23-10a; that §29-22-18a of said code be amended and reenacted; that §29-22A-3, §29-22A-7, §29-22A-10, §29-22A-10b, §29-22A-10d, §29-22A-10e and §29-22A-12 of said code be amended and reenacted; and that §29-22C-3, §29-22C-8, §29-22C-10, §29-22C-27 and §29-22C-27a of said code be amended and reenacted, all to read as follows:”
On page 2, following the enacting section, by inserting a new section 12j, to read as follows:
“CHAPTER 11. TAXATION.
ARTICLE 21. PERSONAL INCOME TAX.
“§11-21-12j. Tax Credit for persons adopting greyhound dogs used by state greyhound industry.
In addition to amounts added to federal adjusted gross income pursuant to subsection (b), section twelve of this article, unless already included in federal adjusted gross income for the taxable year, there shall be added to federal adjusted gross income any amount previously deducted from federal adjusted gross income under section twelve‑a of this article, five hundred dollars over two tax years, for any state resident that adopts a greyhound dog acquired from a greyhound breeder licensed in this state, either directly from the breeder or a humane society or other non-profit organization promoting adoption of the dogs. The greyhound breeder shall, upon adoption of the dog, provide a certificate authenticating the dog was used or would have been used for greyhound racing in West Virginia, if racing had continued past the effective date of this section. The tax credit shall be claimed over two years, with two hundred-fifty dollars claimed for each year. The provisions of this section are effective for taxable years beginning after December 31, 2017. This tax credit shall expire, effective January 1, 2021.