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, effective after 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 modification to the existing language regarding the treatment of retirement benefits under various systems. It replaces the previous provision concerning the limitation on modifications for retirement benefits, allowing for the inclusion of the new exemption for campus police officers while maintaining the existing structure for other retirement income modifications. 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