WV HB4017 | 2018 | Regular Session
Status
Spectrum: Partisan Bill (Republican 10-0)
Status: Introduced on January 31 2018 - 25% progression, died in committee
Action: 2018-01-31 - To House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 31 2018 - 25% progression, died in committee
Action: 2018-01-31 - To House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to create a partial state income tax exemption for Social Security benefits received by taxpayers with federal adjusted gross income under $100,000 if married filing jointly, or under $50,000 if single or married filing separately. The exemption would be phased in to a full exemption over 3 years. For taxable years beginning in 2019, 25% of the Social Security benefits are exempt; in 2020, 50 percent; and in 2021 and thereafter, 100 percent.
Title
Exempting percentages of social security benefits from personal income tax for certain taxpayers
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2018-01-31 | House | To House Finance |
| 2018-01-31 | House | Introduced in House |
| 2018-01-31 | House | To Finance |
| 2018-01-31 | House | Filed for introduction |
Same As/Similar To
HB4565 (Similar To) 2018-02-13 - To House Senior Citizen Issues
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 11 | 21 | 12 | Amended Code | Citation Text |
