Bill > HB2603

This bill aims to exempt personal income earned by teachers working at primary and secondary schools in West Virginia from state income tax, starting from the taxable year beginning after December 31, 2024. The bill modifies the existing state tax code by adding a new provision that allows teachers to subtract their entire federal adjusted gross income earned from teaching at primary or secondary schools within the state when calculating their West Virginia taxable income. This means that teachers will not have to pay state income tax on their earnings from teaching, potentially making the profession more financially attractive and helping to address teacher recruitment and retention challenges. The tax exemption will apply retroactively to taxable years beginning after December 31, 2023, which means teachers can benefit from this tax break for the 2024 tax year and beyond. The modification is added to the section of the tax code that outlines various adjustments to federal adjusted gross income for state tax purposes, specifically under the list of deductions that can be subtracted from federal adjusted gross income when calculating West Virginia state taxes.