This bill proposes an amendment to the West Virginia Code, specifically section 11-21-12, to exempt retirement income received by retired West Virginia campus police officers from personal income tax starting July 1, 2025. The new legal language specifies that this exemption applies to retirement income under any retirement system, including plans sponsored by institutions of higher education that qualify under section 401 of the Internal Revenue Code, as well as any survivorship annuities derived from these programs.

Additionally, the bill makes a minor adjustment to the existing language regarding the modification of retirement benefits, changing the wording from "shall" to "may" in relation to the limitation on the total modification for retirement benefits. This change allows for more flexibility in the application of the tax exemption. Overall, the bill aims to provide financial relief to retired campus police officers by ensuring their retirement income is not subject to state personal income tax.

Statutes affected:
Introduced Version: 11-21-12