HB 2603
Exempting personal income earned by individuals working as teachers at primary and secondary schools from personal income tax
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to exempt personal income earned by teachers working in primary and secondary schools in West Virginia from state personal income tax. It achieves this by amending the state’s personal income tax code to specifically exclude teacher income from adjusted gross income calculations. The bill includes several modifications and reductions to federal adjusted gross income, as well as provisions related to fiduciary adjustments and married couples filing separately. Changes to the law regarding social security benefits are also included, with increasing deductions over time.
Key provisions
- Exempts personal income earned by teachers at primary and secondary schools from West Virginia personal income tax.
- Modifies federal adjusted gross income calculations by adding specific income items and subtracting others.
- Includes provisions for West Virginia fiduciary adjustments.
- Addresses modifications for married couples filing separately.
- Updates deductions for retirement income, particularly for teachers and military personnel.
- Modifies deductions for social security benefits, increasing the percentage deducted over time.
- Includes a provision for medical savings account contributions.
- Specifies effective dates for various changes to the tax code.
Who is affected
- Teachers (primary and secondary school)
- West Virginia residents
- The West Virginia Department of Revenue
- Individuals receiving retirement benefits
- Individuals receiving social security benefits
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