The bill aims to amend the Code of West Virginia by introducing a new section, 11-21-12o, which specifically addresses the taxation of overtime compensation. It proposes that overtime pay received by employees, as defined under the provisions of 21-5C-3 of the code, will be exempt from the personal income tax imposed by the state.

This legislative change is intended to provide financial relief to workers who earn overtime wages, thereby encouraging fair compensation for additional hours worked. By exempting this income from taxation, the bill seeks to enhance the take-home pay of employees and support the workforce in West Virginia.

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