Updates definitions in West Virginia Personal Income Tax Act to align with federal tax law.

This bill amends the West Virginia Personal Income Tax Act to update definitions, including federal adjusted gross income, to align with federal tax law. It specifies that employer contributions to medical savings accounts are not considered wages for withholding purposes. The bill also clarifies terms like "surtax" and "taxable trust" and specifies that amendments to federal law made after January 1, 2025, will not affect state tax law. The changes are retroactive to the extent allowed under federal income tax law.

Updates definitions in West Virginia Personal Income Tax Act to align with federal tax law.

This bill amends the West Virginia Personal Income Tax Act to update definitions, including federal adjusted gross income, to align with federal tax law. It specifies that employer contributions to medical savings accounts are not considered wages for withholding purposes. The bill also clarifies terms like "surtax" and "taxable trust" and specifies that amendments to federal law made after January 1, 2025, will not affect state tax law. The changes are retroactive to the extent allowed under federal income tax law.