Supplement: WV HB2172 | 2021 | Regular Session | Higher Education Policy Commission
For additional supplements on West Virginia HB2172 please see the Bill Drafting List
Bill Title: College Graduate Tax Credit
Status: 2021-02-10 - To House Finance [HB2172 Detail]
Download: West_Virginia-2021-HB2172-Higher_Education_Policy_Commission.html
House Bill 2172, if enacted, would provide a tax credit against West Virginia personal income tax liability in the amount of the lesser of payments on interest made on student loans or $1,000. It would allow for the credit to be used in the graduation year and provide for a maximum term of nine years to claim the credit after the year of graduation.
No additional costs would be incurred by public higher education from the enactment of this legislation.
Person submitting Fiscal Note: Ed Magee
Email Address: edward.magee@wvhepc.edu
Bill Title: College Graduate Tax Credit
Status: 2021-02-10 - To House Finance [HB2172 Detail]
Download: West_Virginia-2021-HB2172-Higher_Education_Policy_Commission.html
FISCAL NOTE
Date Requested: February 23, 2021 Time Requested: 03:31 PM |
|
FUND(S):
GeneralSources of Revenue:
General FundLegislation creates:
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
House Bill 2172, if enacted, would provide a tax credit against West Virginia personal income tax liability in the amount of the lesser of payments on interest made on student loans or $1,000. It would allow for the credit to be used in the graduation year and provide for a maximum term of nine years to claim the credit after the year of graduation.
No additional costs would be incurred by public higher education from the enactment of this legislation.
Fiscal Note Detail
Effect of Proposal | Fiscal Year | ||
---|---|---|---|
2021 Increase/Decrease (use"-") |
2022 Increase/Decrease (use"-") |
Fiscal Year (Upon Full Implementation) | |
1. Estmated Total Cost | 0 | 0 | 0 |
Personal Services | 0 | 0 | 0 |
Current Expenses | 0 | 0 | 0 |
Repairs and Alterations | 0 | 0 | 0 |
Assets | 0 | 0 | 0 |
Other | 0 | 0 | 0 |
2. Estimated Total Revenues | 0 | 0 | 0 |
Explanation of above estimates (including long-range effect):
Memorandum
Person submitting Fiscal Note: Ed Magee
Email Address: edward.magee@wvhepc.edu