Saturday, November 23, 2024
Saturday, November 23, 2024

Two Income Tax Bills Complete Legislative Action

Senate Bill 329 will update terms in the Personal Income Tax Act. The bill will update the meaning of “federal adjusted gross income” and certain other terms used, but not defined in the West Virginia Personal Income Tax Act to conform them to the federal act.

Senate Bill 410 will update terms in the Corporation Net Income Tax Act. This bill, much like Senate Bill 329, will update the meaning of “federal taxable income” and certain other terms in the West Virginia Corporation Net Income Tax Act to conform them to the Internal Revenue Service’s definitions.

Seven bills passed in the House today, bringing the total number of bills passed by the House to 60. Of those bills passed, House Bill 2836 , which is by request of the governor, deals with school innovation zones. This bill would establish zones of educational innovation that would enable faculty members to collaboratively create and implement initiatives that would have our schools meeting the needs of the 21st century. Currently these improvements are restrained and/or restricted by policies issued by the state board or the West Virginia Code. This bill would repeal current restrictions and schools would be able to begin implementation initiatives they see fit for the improvement of education.

Three West Virginia high school athletic programs were recognized today for their outstanding achievements during the 08-09 seasons. Willamstown High School’s football and girls’ track teams, along with Parkersburg South High School’s wrestling team (pictured), were all formerly presented with citations today by the Speaker of the House.

The following committees will meet today:
Judiciary (Subcommittee C) – 1:00 p.m. – 410M
Finance – 1:30 p.m. – 460M
Education (Subcommittee D) – 2:00 p.m. – 434M
Judiciary – 2:00 p.m. – 410M
Health and Human Resources – 4:00 p.m. – 215-E

The following committees will meet tomorrow:
Education (Subcommittee C) – 9:00 a.m. – 434M
Government Organization – 9:00 a.m. – 215-E
Judiciary – 9:00 a.m. – 410M
Education (Subcommittee B) – 10:00 a.m. – 434M
Finance – 1:00 p.m. – 460M
Government Organization – 1:30 p.m. – 215-E

The House is in recess until 5:00 p.m. today.

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