HB4007 HFA Rowe et al 2-10

Altizer-3259

 

Delegates Rowe, Boggs, Pethtel, Fluharty, Williams and Hornbuckle move to amend HB4007 on page 2, Section 4q, by striking out lines 12 through 45, and inserting in lieu thereof, the following:

 

 

Taxable Income

Tax Rate

Not over $10,000

2.7% of taxable income

Over $10,000 but not over $25,000

$270 plus 3.6% of excess over $10,000

Over $25,000 but not over $40,000

$810 plus 4.05% of excess over $25,000

Over $40,000 but not over $60,000

$1,417.50 plus 5.4% of excess over $40,000

Over $60,000 but not over $100,000

$2,497.50 plus 5.85% of excess over $60,000

Over $100,000

$4,837.50 plus 6.5% of excess over $100,000

 

 

 

(2) Rate of tax on married individuals filing separate returns. In the case of husband and wife filing separate returns under this article for the taxable year, the tax imposed by 11-21-3 of this code on the West Virginia taxable income of each spouse shall be determined in accordance with the following table:

 

 

Taxable Income

Tax Rate

Not over $5,000

2.7% of taxable income

Over $5,000 but not over $12,500

$135 plus 3.6% of excess over $5,000

Over $12,500 but not over $20,000

$405 plus 4.05% of excess over $12,500

Over $20,000 but not over $30,000

$708.75 plus 5.4% of excess over $20,000

Over $30,000 but not over $50,000

$1,248.75 plus 5.85% of excess over $30,000

Over $50,000

$2,418.75 plus 6.5% of excess over $50,000