CHAPTER 11. TAXATION.

§11-21-12j. Modifications to federal adjusted income.

(a) In addition to amounts authorized to be subtracted from federal adjusted gross income pursuant to §11-21-12(c) of this code, any contributions to an account created pursuant to the West Virginia ABLE Act in §16-48-1 et seq. of this code is also an authorized modification reducing federal adjusted gross income, but only to the extent the amount is not allowable as a deduction when arriving at the taxpayer’s federal adjusted gross income for the taxable year in which the payment is made. This modification is available regardless of the type of return form filed and shall not reduce taxable income below zero. The taxpayer may also elect to carry forward the modification over a period not to exceed five taxable years, beginning in the taxable year in which the payment was made.

(b) In addition to the amounts authorized to be added to federal adjusted gross income pursuant to §11-21-12(b) of this code, unless already included in federal adjusted gross income for the taxable year, there shall be added to federal adjusted gross income any amount previously deducted from federal adjusted gross income under this section for amounts deposited into an account created pursuant to the West Virginia ABLE Act in §16-48-1 et seq. of this code and subsequently withdrawn from the account for purposes other than a qualified disability expense authorized by the ABLE Act.

Bills Affecting §11-21-12J

2021 Regular Session: HB2341
2021 Regular Session: HB2653
2021 Regular Session: SB88
2020 Regular Session: HB2156
2020 Regular Session: HB2208
2020 Regular Session: SB223
2020 Regular Session: HB2797
2020 Regular Session: SB285
2020 Regular Session: HB2957
2020 Regular Session: HB4126
2020 Regular Session: HB4584
2019 First Special Session: SB1002
2019 First Special Session: HB112
2019 First Special Session: HB169
2019 Regular Session: HB2156
2019 Regular Session: HB2208
2019 Regular Session: HB2226
2019 Regular Session: HB2797
2019 Regular Session: HB2807
2019 Regular Session: HB2828
2019 Regular Session: HB2957
2019 Regular Session: SB382
2019 Regular Session: SB505
2018 Regular Session: HB2148
2018 Regular Session: HB2400
2018 Regular Session: HB2940
2018 Regular Session: HB4331
2018 Regular Session: HB4578
2017 First Special Session: SB1004
2017 First Special Session: SB1007
2017 First Special Session: HB104
2017 First Special Session: HB107
2017 Regular Session: HB2148
2017 Regular Session: HB2400
2017 Regular Session: HB2940
2016 Regular Session: SB128
2016 Regular Session: HB2532
2016 Regular Session: HB2713
2016 Regular Session: HB4421
2016 Regular Session: HB4457
2015 Regular Session: HB2532
2015 Regular Session: HB2713
2015 Regular Session: HB2894
2015 Regular Session: HB2907
2015 Regular Session: SB95
2014 Regular Session: SB2
2014 Regular Session: HB2276
2014 Regular Session: HB2302
2014 Regular Session: HB2369
2014 Regular Session: HB2422
2014 Regular Session: HB2745
2014 Regular Session: HB4133
2014 Regular Session: HB4356
2014 Regular Session: SB83
2013 Regular Session: SB104
2013 Regular Session: HB2276
2013 Regular Session: HB2302
2013 Regular Session: HB2369
2013 Regular Session: HB2422
2013 Regular Session: HB2745
2013 Regular Session: SB29
2012 Regular Session: HB2009
2012 Regular Session: HB2086
2012 Regular Session: HB2215
2012 Regular Session: HB2245
2012 Regular Session: HB2424
2012 Regular Session: HB2548
2012 Regular Session: HB2727
2012 Regular Session: HB2768
2012 Regular Session: HB2967
2012 Regular Session: HB3267
2012 Regular Session: SB356
2012 Regular Session: HB4553
2012 Regular Session: SB553
2011 Regular Session: HB2009
2011 Regular Session: HB2086
2011 Regular Session: HB2215
2011 Regular Session: HB2245
2011 Regular Session: HB2424
2011 Regular Session: HB2487
2011 Regular Session: HB2548
2011 Regular Session: SB269
2011 Regular Session: HB2727
2011 Regular Session: HB2768
2011 Regular Session: HB2967
2011 Regular Session: HB3267
2010 Regular Session: SB18
2010 Regular Session: SB231
2010 Regular Session: SB36
2010 Regular Session: SB423
2010 Regular Session: HB4452
2010 Regular Session: HB4462
2010 Regular Session: HB4548
2010 Regular Session: SB540