This bill proposes an amendment to the Code of West Virginia, 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 retirement benefits by 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 how the retirement income exemption is applied. 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