(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 11-21-1 et seq. and 11-24-1 et 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 persons federal tax obligations or to authorize any act which violates federal law.
Structure West Virginia Code
Article 30A. West Virginia Jumpstart Savings Act
§18-30A-4. West Virginia Jumpstart Savings Program Established
§18-30A-5. The Board of Trustees of the West Virginia College and Jumpstart Savings Programs
§18-30A-6. Powers of the Board to Implement and Administer the Jumpstart Savings Program
§18-30A-7. Powers and Duties of the Treasurer
§18-30A-9. Use of Financial Organizations as Program Depositories and Managers
§18-30A-10. Opening a Jumpstart Savings Account; Deposits
§18-30A-11. Distributions; Qualified Expenses
§18-30A-12. State Tax Benefits Related to a Jumpstart Savings Account
§18-30A-13. Reports and Account; Annual Audit
§18-30A-14. Records; Confidentiality