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Introduced Version Senate Bill 222 History

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Key: Green = existing Code. Red = new code to be enacted
Senate Bill No. 222

(By Senators Craigo, Jackson, Kessler, Walker, Scott, Buckalew, Ross, Wooton, McKenzie, Schoonover, Love, Sprouse, Hunter, Ball, Deem, Dugan, Minear, Boley, Dittmar, Anderson, Fanning, Prezioso, Bowman, Kimble, Helmick, White, Oliverio, Chafin, Tomblin, Mr. President and Snyder)

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[Introduced January 26, 1998; referred to the Committee
on Finance.]
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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 eight-g, relating to a credit against personal income tax for long-term health care insurance premiums.

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 eight-g, to read as follows:
ARTICLE 21. PERSONAL INCOME TAX.
§11-21-8g. Credit for long-term health care insurance premiums.

A credit against the tax imposed by the provisions of this article is allowed for insurance premiums for those policies covering persons against the cost of long-term medical and other health-related care in the event of a catastrophic illness.
The credit is equal to ten percent of the annual premium cost.


NOTE: The purpose of this bill is to allow a ten-percent credit against personal income tax for the annual amount paid for long-term health insurance premiums.

This section is new; therefore, strike-throughs and underscoring have been omitted.
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