This bill proposes an amendment to the Code of West Virginia, specifically section 11-21-12, to exempt retirement income received by retired West Virginia campus police officers from personal income tax, effective after July 1, 2026. The new legal language specifies that this exemption applies to retirement income under any retirement system, including plans sponsored by institutions of higher education that qualify under section 401 of the Internal Revenue Code, as well as any survivorship annuities derived from these programs.

Additionally, the bill includes a provision that changes in the language enacted in 2026 will apply retroactively to taxable years beginning after December 31, 2025. This amendment 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