SENATE
HOUSE
JOINT
BILL STATUS
STATE LAW
REPORTS
EDUCATIONAL
CONTACT
home
home

Introduced Version House Bill 2127 History

   |  Email
Key: Green = existing Code. Red = new code to be enacted

West Virginia Legislature

2016 Regular Session

Introduced

 House Bill 2127

2015 Carryover

(By Delegates Howell, Householder, Border, Canterbury, Sobonya, R. Smith, Blair, Kessinger, Arvon, Zatezalo and Frich)

 

[Introduced January 13, 2016; referred to the

Committee on Finance.]

 

 

A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §11-24-25, relating to corporation net income tax for manufacturers of medical devices; allowing taxpayers a credit against corporation net income tax in the amount of federal medical device tax paid.


Be it enacted by the Legislature of West Virginia:

That the Code of West Virginia, 1931, as amended, be amended and reenacted by adding thereto a new section, designated §11-24-25, to read as follows:

ARTICLE 24.  CORPORATION NET INCOME TAX.

§11-24-25.  Credit for federal medical device tax.


Effective for taxable years beginning on or after January 1, 2015, a credit shall be allowed against the primary tax imposed in this article equal to the amount of a taxpayer's federal tax liability imposed by 26 USCS §4191 for the taxable year.

 

NOTE: The purpose of this bill is to allow manufacturers of medical devices a tax credit against corporation net income tax in the amount of federal medical device tax paid.

 

This section 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   |   © 2021 West Virginia Legislature ****


X

Print On Demand

Name:
Email:
Phone:

Print