WV HB4585 | 2016 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 7-4)
Status: Introduced on February 17 2016 - 25% progression, died in committee
Action: 2016-02-17 - To House Education
Pending: House Education Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 17 2016 - 25% progression, died in committee
Action: 2016-02-17 - 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 the State Act” 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; this tax credit is against personal property tax in West Virginia and is awarded over a ten year period; employers are also allowed to claim the credit for employees that qualify for the credit; and 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
History
Date | Chamber | Action |
---|---|---|
2016-02-17 | House | To House Education |
2016-02-17 | House | Introduced in House |
2016-02-17 | House | To Education then Finance |
2016-02-17 | House | Filed for introduction |
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
11 | 21 | 25 | New Code | See Bill Text |
18 | 2 | 41 | New Code | See Bill Text |
18B | 2A | 9 | New Code | See Bill Text |