WV SB458 | 2024 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 16 2024 - 25% progression, died in committee
Action: 2024-01-16 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 16 2024 - 25% progression, died in committee
Action: 2024-01-16 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to provide that the personal income tax decreasing modification for 100% of social security income shall no longer be subject to the restriction that such decreasing modification be allowable only when the federal adjusted gross income of a married couple filing a joint return does not exceed $100,000, or $50,000 in the case of a single individual or a married individual filing a separate return. The provision is retrospective to apply to taxable years beginning on and after January 1, 2024.
Title
Relating to personal income tax Social Security exemption
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-01-16 | Senate | To Finance |
2024-01-16 | Senate | Introduced in Senate |
2024-01-16 | Senate | To Finance |
2024-01-16 | Senate | Filed for introduction |
Same As/Similar To
HB4880 (Similar To) 2024-04-22 - Chapter 258, Acts, Regular Session, 2024
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
11 | 21 | 12 | Amended Code | Citation Text |