HB4009 SFAT Azinger #1 3-14

Casey  7988

Senator Azinger moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. Com. Sub. for House Bill 4009—A Bill to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §11-21-12o; to amend said code by adding there to a new section designated §11-24-6d; and to amend said code by adding thereto a new article, designated §21-18-1, §21-18-2, §21-18-3, §21-18-4, and §21-18-5, all relating to voluntary portable benefit accounts; providing legislative findings; providing definitions; authorizing portable benefit accounts; specifying types of contributions to portable benefit accounts; restricting use of contributions to portable benefit accounts for the purpose of various state laws; providing modifications to federal adjusted gross income related to portable benefit accounts for personal income tax and corporate net income tax purposes; and authorizing rule-making.

Adopted

Rejected