Bill Text: WV HB4810 | 2024 | Regular Session | Introduced
Bill Title: Create the Education Tax Credit
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced) 2024-01-16 - To House Education [HB4810 Detail]
Download: West_Virginia-2024-HB4810-Introduced.html
FISCAL NOTE
2024 regular session
Introduced
House Bill 4810
By Delegate Foster
[Introduced January 16, 2024; Referred
to the Committee on Education then Finance]
A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new article, designated §18-34-1 and §18-34-2, all relating to creating the Education Tax Credit, against taxes actually owed, for qualifying expenses of parents or guardians of children in grade levels K through 12.
Be it enacted by the Legislature of West Virginia:
ARTICLE 34 EDUCATION TAX CREDITS.
§18-34-1. Short title.
This article shall be known as the "Education Tax Credit".
§18-34-2. Education tax credit; qualifying expenses.
The parents or legal guardians of each child in the state of West Virginia participating in nonpublic schools between the ages 5 and 20 years old and in grade level K through 12 shall be entitled to tax credit against West Virginia state income tax in an amount up to $3,000 for qualifying educational expenses which shall include the following:
(1) Tuition;
(2) Transportation costs;
(3) Curriculum;
(4) Textbooks;
(5) Lab supplies;
(6) Educational technology; and
(7) Tutoring
This tax credit is available only as a credit against state taxes actually owed.
NOTE: The purpose of this bill is to give a tax credit against taxes actually owed, for qualifying expenses of parents or guardians of children in grade levels K through 12.
Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.
