West Virginia § 18-30A-12 State tax benefits related to a Jumpstart Savings Account

West Virginia Statutes

§ 18-30A-12 — State tax benefits related to a Jumpstart Savings Account

West Virginia·Ch. 18 EDUCATION·Art. 30A WEST VIRGINIA JUMPSTART SAVINGS ACT

(a)As provided in §11-21-12m, §11-21-25, and §11-24-10a of this code, contributions, distributions, and employer matching contributions are eligible for specified decreasing modifications in determining taxable income, or specified tax credits against tax imposed by §11-21-1et seq. and §11-24-1et seq. of this code.

(b)Nothing in this article nor in §11-21-12m, §11-21-25, or §11-24-10a of this code shall be construed to decrease or otherwise impact any person’s federal tax obligations or to authorize any act which violates federal law.

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(a) As provided in §11-21-12m, §11-21-25, and §11-24-10a of this code, contributions, distributions, and employer matching contributions are eligible for specified decreasing modifications in determining taxable income, or specified tax credits against tax imposed by §11-21-1et seq. and §11-24-1et seq. of this code.

(b) Nothing in this article nor in §11-21-12m, §11-21-25, or §11-24-10a of this code shall be construed to decrease or otherwise impact any person’s federal tax obligations or to authorize any act which violates federal law.

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