West Virginia House Bill 4701 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 15 2024 - 25% progression, died in committee
Action: 2024-01-15 - To House Education
Pending: House Education Committee
Text: Latest bill text (Introduced) [HTML]

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.

Establishing the “Stay in State” tax credit

Del. Shawn Fluharty [D]

Date	Chamber	Action
2024-01-15	House	To House Education
2024-01-15	House	Introduced in House
2024-01-15	House	To Education then Finance
2024-01-15	House	Filed for introduction

Chapter	Article	Section	Citation Type	Statute Text
11	21	26	New Code	See Bill Text
18	2	44	New Code	See Bill Text
18B	2A	9	New Code	See Bill Text

Type	Source
Summary	http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4701&year=2024&sessiontype=RS&btype=bill
Text	http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb4701%20intr.htm&yr=2024&sesstype=RS&i=4701
Supplement	http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=871566241