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 includes several modifications to existing tax provisions, such as the deletion of certain subsections and the insertion of new ones that clarify the treatment of various types of income for tax purposes. Notably, it introduces a new provision that allows for the exemption of retirement income for campus police officers, aligning their tax treatment with that of other public safety personnel. The bill aims to provide financial relief to retired campus police officers by ensuring their retirement benefits are not subject to state income tax.

Statutes affected:
Introduced Version: 11-21-12