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

In addition to the new exemption for campus police officers, the bill also makes a modification to the existing language regarding retirement benefits. It changes the wording to clarify that the total modification for retirement benefits may not exceed $2,000 per person receiving retirement benefits, rather than stating that it shall not exceed that amount. The bill aims to provide financial relief to retired campus police officers by ensuring their retirement income is not subject to state income tax, thereby enhancing their financial security in retirement.

Statutes affected:
Introduced Version: 11-21-12