(a) A distribution from a Jumpstart Savings Account that was used to pay for qualified expenses, as defined in subsection (c) of this section, shall establish entitlement of the distributee to the personal income tax decreasing modification authorized by 11-21-12m(b) of this code, and such decreasing modification may be applied to determine West Virginia adjusted gross income of the distributee in the taxable year in which such qualified expenses were paid.
(b) A change in the designated beneficiary of a Jumpstart Savings Account is not a distribution for the purposes of this article or 11-21-1 et seq. of this code if the new beneficiary is a family member of the prior beneficiary.
(c) Qualified expenses.
(1) For the purposes of this article and 11-21-12m of this code, expenditures of distributions for the following purposes are qualified expenses: