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 retired West Virginia campus police officers from personal income tax, effective after July 1, 2025. This exemption will apply to any retirement income, including survivorship annuities, that is included in gross income for federal tax purposes.

In addition to the new exemption for campus police officers, the bill also includes a modification to the existing language regarding retirement benefits. It changes the limitation on the modification for retirement benefits from "shall" to "may," allowing for more flexibility in how these benefits are treated under state tax law. The bill aims to provide financial relief to retired campus police officers by ensuring that their retirement income is not subject to state income tax, thereby enhancing their financial security in retirement.

Statutes affected:
Introduced Version: 11-21-12