WV SB508 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 23 2024 - 25% progression
Action: 2024-01-23 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 23 2024 - 25% progression
Action: 2024-01-23 - To Finance
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to exempt from state personal income taxation Non-grantor Trusts which have a tax situs in West Virginia.
Title
Exempting non-grantor trusts administered in state from personal income taxation
Sponsors
| Sen. Ryan Weld [R] | Sen. Eric Nelson [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-23 | Senate | To Finance |
| 2024-01-23 | Senate | Introduced in Senate |
| 2024-01-23 | Senate | To Finance |
| 2024-01-23 | Senate | Filed for introduction |
Same As/Similar To
SB209 (Similar To) 2024-01-11 - To Finance
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 11 | 21 | 18 | Amended Code | Citation Text |
| 11 | 21 | 3 | Amended Code | Citation Text |
| 11 | 21 | 30 | Amended Code | Citation Text |
| 11 | 21 | 40 | Amended Code | Citation Text |
| 11 | 21 | 4g | Amended Code | Citation Text |
| 11 | 21 | 51 | Amended Code | Citation Text |
| 11 | 21 | 71a | Amended Code | Citation Text |
| 44D | 1 | 108 | Amended Code | Citation Text |
