West Virginia House Bill 4486

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2024 - 25% progression, died in committee
Action: 2024-01-10 - To House Finance
Pending: House Finance Committee
Text: Latest bill text (Introduced) [HTML]

The purpose of this bill is to provide a tax credit to for-profit and nonprofit corporations to encourage the establishment of childcare facilities for the benefit of their employees. The credit for for-profit corporations would be taken against the corporate net income tax. The credit for nonprofit corporations would apply to payroll withholdings and would allow the nonprofit to recoup costs associated with employer-provided childcare by keeping a certain percentage of employee personal income tax withholdings that would otherwise be remitted to the State Tax Department.

Providing tax credits for expenditures related to the establishment and operation of employer-provided child-care facilities

Del. Wayne Clark [R]

Date	Chamber	Action
2024-01-10	House	To House Finance
2024-01-10	House	Introduced in House
2024-01-10	House	To Finance
2024-01-10	House	Filed for introduction

Chapter	Article	Section	Citation Type	Statute Text
11	21	71	Amended Code	Citation Text
11	24	44	Amended Code	Citation Text

Type	Source
Summary	http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4486&year=2024&sessiontype=RS&btype=bill
Text	http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb4486%20intr.htm&yr=2024&sesstype=RS&i=4486
Supplement	http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=887987283