This bill proposes an amendment to the Code of West Virginia, specifically targeting the personal income tax regulations outlined in section 11-21-12. The primary focus of the bill is to exempt retirement income received by retired West Virginia campus police officers from personal income tax, effective after July 1, 2025. This exemption includes any survivorship annuities derived from their retirement plans, provided that such income is included in the federal adjusted gross income for the taxable year.

In addition to the new exemption for campus police officers, the bill also includes various modifications to existing tax provisions, such as adjustments to the treatment of social security benefits and military retirement income. Notably, it introduces new language that specifies the conditions under which these exemptions and modifications apply, while also deleting outdated provisions. The overall aim of the bill is to provide financial relief to retired campus police officers by ensuring that their retirement income is not subject to state income tax.

Statutes affected:
Introduced Version: 11-21-12