Line 23. INTEREST OR DIVIDEND INCOME ON FEDERAL OBLIGATIONS. Enter the amount of any interest or dividend income (received by or credited to you during the taxable year) on bonds or securities of any United States authority, commission or instrumentality which the laws of the United States exempt from federal income tax but not from state income tax.

Line 24. INTEREST OR DIVIDEND INCOME ON STATE AND LOCAL BONDS (OTHER THAN WEST VIRGINIA). Enter the amount of any interest or dividend income on state and local bonds (other than West Virginia and its political subdivisions) received by or credited to you.

Line 25. INTEREST ON MONEY BORROWED TO PURCHASE BONDS EARNING EXEMPT WEST VIRGINIA INCOME. Enter the amount of any interest deducted, as a business expense or otherwise, from your federal adjusted gross income, in connection with money borrowed to purchase or carry bonds or securities, the income from which is exempt from West Virginia income tax.

Line 26. LUMP SUM PENSION DISTRIBUTIONS. Enter the amount of any qualifying 402(e) lump sum distributions not included in your federal adjusted gross income that was separately reported and taxed on federal Form 4972.

Line 27. OTHER INCOME EXCLUDED FROM FEDERAL ADJUSTED GROSS INCOME BUT SUBJECT TO STATE TAX. West Virginia income tax is based on federal adjusted gross income determined by existing law at the beginning of the taxable year. If Congress changes federal tax law to exclude certain income from 2005 federal adjusted gross income after December 31, 2004, enter the amount of that income on line 27 of Schedule M (for example; income deducted under Section 199 of the Internal Revenue Code). Attach Schedule K-1(s).

Line 28. WITHDRAWALS FROM A MEDICAL SAVINGS ACCOUNT OR PREPAID TUITION / SAVINGS PLAN NOT USED FOR PAYMENT OF QUALIFYING EXPENSES. Enter the amount of any withdrawal you made from a qualified medical savings account or prepaid tuition contract/ plan which was spent for OTHER than qualifying expenses.Any amount entered on this line may also be subject to a twenty percent (20%) surtax

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