Bill

Bill > HB3468


WV HB3468

Authorizing adjustment from federal adjusted gross income for certain law enforcement pension benefit payments


summary

Introduced
03/17/2025
In Committee
03/17/2025
Crossed Over
Passed
Dead
04/12/2025

Introduced Session

2025 Regular Session

Bill Summary

The purpose of this bill relates to pension benefits which are exempt from income taxation. The bill adds Division of Natural Resources police, deputy sheriffs, full-time firefighters, and municipal police officers into the class of law-enforcement officers exempted.

AI Summary

This bill modifies West Virginia's tax code to expand tax exemptions for pension benefits received by certain law enforcement personnel. Specifically, the bill adds police officers retired from the Division of Natural Resources (including those formerly classified as conservation officers), deputy sheriffs, full-time firefighters, and municipal police officers to the list of law enforcement professionals who can receive tax-exempt pension benefits through the West Virginia Public Employees Retirement System. The modification allows these specified law enforcement personnel to subtract their pension income from their federal adjusted gross income when calculating their West Virginia state income taxes, effectively reducing their tax burden. This change aims to provide additional financial support and recognition for law enforcement professionals by offering them a tax benefit on their retirement income. The bill appears to be part of a broader effort to make retirement benefits more attractive and supportive for public safety workers in West Virginia.

Committee Categories

Budget and Finance

Sponsors (11)

Last Action

To House Finance (on 03/17/2025)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...