WV HB4947 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on January 19 2024 - 25% progression, died in committee
Action: 2024-01-31 - To House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 19 2024 - 25% progression, died in committee
Action: 2024-01-31 - To House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to create the "First Time Home Buyer Savings Account Act". The bill provides for definitions. The bill creates a first time home buyer savings account. The bill provides for subtractions from federal adjusted gross income. The bill provides limits applicable to subtraction from federal adjusted gross income. The bill provides penalties for withdrawal of funds. The bill requires financial institution to provide account holder information certificate. The bill requires the Tax Commissioner to propose rules to implement this article. Finally, the bill states years to which this act applies.
Title
Creating the “First Time Home Buyer Savings Account Act”
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-01-31 | House | To House Finance |
2024-01-31 | House | With amendment, do pass, but first to Finance |
2024-01-19 | House | To House Banking and Insurance |
2024-01-19 | House | Introduced in House |
2024-01-19 | House | To Banking and Insurance then Finance |
2024-01-19 | House | Filed for introduction |
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
31 | 18F | 1 | New Code | See Bill Text |
31 | 18F | 10 | New Code | See Bill Text |
31 | 18F | 2 | New Code | See Bill Text |
31 | 18F | 3 | New Code | See Bill Text |
31 | 18F | 4 | New Code | See Bill Text |
31 | 18F | 5 | New Code | See Bill Text |
31 | 18F | 6 | New Code | See Bill Text |
31 | 18F | 7 | New Code | See Bill Text |
31 | 18F | 8 | New Code | See Bill Text |
31 | 18F | 9 | New Code | See Bill Text |