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]

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.

Tracking Information

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Title

Relating to personal income tax Social Security exemption

Sponsors


History

DateChamberAction
2024-01-16SenateTo Finance
2024-01-16SenateIntroduced in Senate
2024-01-16SenateTo Finance
2024-01-16SenateFiled for introduction

Same As/Similar To

HB4880 (Similar To) 2024-04-22 - Chapter 258, Acts, Regular Session, 2024

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
112112Amended CodeCitation Text

West Virginia State Sources


Bill Comments

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