WV HB2547 | 2021 | Regular Session
Note: Carry Foward to future HB2547
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on February 16 2021 - 25% progression, died in committee
Action: 2021-02-16 - To House Education
Pending: House Education Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 16 2021 - 25% progression, died in committee
Action: 2021-02-16 - To House Education
Pending: House Education Committee
Text: Latest bill text (Introduced) [HTML]
Summary
The purpose of this bill is to establish the “Stay in State” tax credit that allows residents of this state who remain in state after graduating with an undergraduate or associate degree from a state institution to be granted a tax credit for the total cost of tuition and interest for student loans used to obtain their degree. The bill provides this tax credit is against personal income tax in West Virginia and is awarded over a 10-year period. The bill provides that employers are also allowed to claim the credit for employees that qualify for the credit. The bill provides that in-state high schools, colleges and universities are required to inform and assist students with obtaining the tax credit.
Title
Establishing the “Stay in State” tax credit
Sponsors
Del. Shawn Fluharty [D] | Del. Kayla Young [D] | Del. Chad Lovejoy [D] | Del. Lisa Zukoff [D] |
Del. Evan Hansen [D] |
History
Date | Chamber | Action |
---|---|---|
2021-02-16 | House | To House Education |
2021-02-16 | House | Introduced in House |
2021-02-16 | House | To Education then Finance |
2021-02-16 | House | Filed for introduction |
Same As/Similar To
HB2547 (Carry Over) 2021-02-16 - To House Education
SB117 (Similar To) 2021-02-10 - To Finance
SB232 (Similar To) 2021-02-11 - To Finance
SB117 (Similar To) 2021-02-10 - To Finance
SB232 (Similar To) 2021-02-11 - To Finance
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
11 | 21 | 25 | New Code | See Bill Text |
18 | 2 | 44 | New Code | See Bill Text |
18B | 2A | 9 | New Code | See Bill Text |