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:
This article shall be known as the "Education Tax Credit".
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.