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WV SB603
Bill
Status
Introduced
2/26/2025
Primary Sponsor
Mike Oliverio
Click for details
AI Summary
- Exempts retirement income received by retired West Virginia campus police officers from state personal income tax beginning July 1, 2025
- Covers retirement benefits from any retirement system, including qualified plans under section 401 of the Internal Revenue Code sponsored by institutions of higher education
- Includes survivorship annuities derived from campus police retirement programs in the tax exemption
- Applies to retirement income to the extent it is includable in gross income for federal income tax purposes
- Changes apply retroactively to taxable years beginning after December 31, 2024
Legislative Description
Exempting WV campus police officer retirement income from personal income tax after specified date
Taxation
Last Action
To Pensions
2/26/2025
Committee Referrals
Pensions2/26/2025
Full Bill Text
No bill text available