West Virginia § 11-24-3 Meaning of terms; general rule

West Virginia Statutes

§ 11-24-3 — Meaning of terms; general rule

West Virginia § 11-24-3

Ch. 11TAXATION

Art. 24CORPORATION NET INCOME TAX

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Bluebook

W. Va. Code § 11-24-3 (2026).

Text

(a)Any term used in this article has the same meaning as when used in a comparable context in the laws of the United States relating to federal income taxes, unless a different meaning is clearly required by the context or by definition in this article. Any reference in this article to the laws of the United States means the provisions of the Internal Revenue Code of 1986, as amended, and any other provisions of the laws of the United States that relate to the determination of income for federal income tax purposes. All amendments made to the laws of the United States after December 31, 2023, but prior to January 1, 2025, shall be given effect in determining the taxes imposed by this article to the same extent those changes are allowed for federal income tax purposes, whether the changes

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(a) Any term used in this article has the same meaning as when used in a comparable context in the laws of the United States relating to federal income taxes, unless a different meaning is clearly required by the context or by definition in this article. Any reference in this article to the laws of the United States means the provisions of the Internal Revenue Code of 1986, as amended, and any other provisions of the laws of the United States that relate to the determination of income for federal income tax purposes. All amendments made to the laws of the United States after December 31, 2023, but prior to January 1, 2025, shall be given effect in determining the taxes imposed by this article to the same extent those changes are allowed for federal income tax purposes, whether the changes are retroactive or prospective, but no amendment to the laws of the United States made on or after January 1, 2025, shall be given any effect.

(b) The term "Internal Revenue Code of 1986" means the Internal Revenue Code of the United States enacted by the federal Tax Reform Act of 1986 and includes the provisions of law formerly known as the Internal Revenue Code of 1954, as amended, and in effect when the federal Tax Reform Act of 1986 was enacted that were not amended or repealed by the federal Tax Reform Act of 1986. Except when inappropriate, any reference in any law, executive order, or other document:

(1) To the Internal Revenue Code of 1954 includes a reference to the Internal Revenue Code of 1986; and

(2) To the Internal Revenue Code of 1986 includes a reference to the provisions of law formerly known as the Internal Revenue Code of 1954.

(c) Effective date. — The amendments to this section enacted in the year 2025 are retroactive to the extent allowable under federal income tax law. With respect to taxable years that began prior to January 1, 2025, the law in effect for each of those years shall be fully preserved as to that year, except as provided in this section.

Legislative History

2025 Reg. Sess., HB2025; 2024 Reg. Sess., SB483; 2023 Reg. Sess., HB2777; 2022 Reg. Sess., SB451; 2021 Reg. Sess., HB2359; 2020 Reg. Sess., SB300; 2019 Reg. Sess., SB268; 2018 Reg. Sess., HB4135; 2017 Reg. Sess., HB2590; 2016 Reg. Sess., HB4148; 2015 Reg. Sess., HB2115; 2014 Reg. Sess., SB327; 2013 Reg. Sess., SB183; 2012 Reg. Sess., SB210; 2011 Reg. Sess., SB205; 2010 Reg. Sess., SB214; 2009 Reg. Sess., SB410; 2008 Reg. Sess., HB4017; 2007 Reg. Sess., HB2314; 2006 Reg. Sess., SB530; 2005 Reg. Sess., SB614; 2004 Reg. Sess., HB4012; 2004 Reg. Sess., HB205; 2003 Reg. Sess., SB461; 2003 Reg. Sess., SB1009; 2002 Reg. Sess., SB114; 2001 Reg. Sess., SB440; 2000 Reg. Sess., SB144; 1999 Reg. Sess., SB144; 1998 Reg. Sess., SB208; 1997 Reg. Sess., SB269; 1996 Reg. Sess., SB92; 1995 Reg. Sess., SB173; 1995 Reg. Sess., SB1023; 1993 Reg. Sess., SB71; 1992 Reg. Sess., HB4053; 1991 Reg. Sess., SB328; 1990 Reg. Sess., HB4794; 1989 Reg. Sess., HB2709; 1988 Reg. Sess., HB4475; 1987 Reg. Sess., HB3189; 1986 Reg. Sess., HB2009; 1985 Reg. Sess., HB1693; 1985 Reg. Sess., SB622; 1984 Reg. Sess., SB82; 1983 Reg. Sess., SB226; 1982 Reg. Sess., SB401; 1981 Reg. Sess., SB169; 1980 Reg. Sess., HB1141; 1979 Reg. Sess., HB1046; 1978 Reg. Sess., SB144; 1977 Reg. Sess., SB577; 1976 Reg. Sess., HB1702; 1975 Reg. Sess., HB933; 1974 Reg. Sess., HB1283; 1973 Reg. Sess., HB1318; 1972 Reg. Sess., HB1214; 1971 Reg. Sess., SB22; 1967 Reg. Sess., SB209