This bill proposes an amendment to the Code of West Virginia by adding a new section, 11-21-12o, which aims to exempt overtime compensation from the personal income tax. Specifically, it states that overtime compensation paid by employers, in accordance with existing provisions, will not be subject to the tax imposed by the personal income tax article.

The primary objective of this legislation is to alleviate the tax burden on workers who receive overtime pay, thereby encouraging fair compensation for additional hours worked. By exempting this form of income from taxation, the bill seeks to support employees and enhance their financial well-being.

Statutes affected:
Introduced Version: 11-21-12o
Committee Substitute: 11-21-12o