Bill Text: WV HB4931 | 2020 | Regular Session | Introduced


Bill Title: Providing a tax credit for families who have foster children

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2020-02-11 - To House Finance [HB4931 Detail]

Download: West_Virginia-2020-HB4931-Introduced.html

FISCAL NOTEWEST virginia legislature

2020 regular session

Introduced

House Bill 4931

By Delegates Angelucci and Longstreth

[Introduced February 11, 2020; Referred to the Committee on Finance]

A BILL to amend the Code of West Virginia, 1931, as amended, by adding thereto a new section, designated §11-21-10b, relating to providing a tax credit for families who have foster children in their care.

Be it enacted by the Legislature of West Virginia:

ARTICLE 21. PERSONAL INCOME TAX.


§11-21-10b. Credit for foster care.

A credit against the tax imposed by the provisions of this article shall be allowed for a foster family for a foster child in their care. The credit is equal to $5,000 for each year the child is in the foster care of that family. The credit must be taken for the year the child is in foster care.

 

NOTE: The purpose of this bill is to provide a $5000 tax credit for families who have foster children in their care.

Strike-throughs indicate language that would be stricken from a heading or the present law and underscoring indicates new language that would be added.


 

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