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Bill > HB4550
WV HB4550
WV HB4550Eliminating the requirement that the apprenticeship training tax credit base be limited to wages paid to apprentices in the construction trades
summary
Introduced
01/10/2024
01/10/2024
In Committee
01/10/2024
01/10/2024
Crossed Over
Passed
Dead
03/30/2024
03/30/2024
Introduced Session
2024 Regular Session
Bill Summary
The purpose of this bill is to eliminate the requirement that the apprenticeship training tax credit base be limited to wages paid to apprentices in the construction trades for tax years beginning on and after January 1, 2025.
AI Summary
This bill eliminates the requirement that the apprenticeship training tax credit base be limited to wages paid to apprentices in the construction trades for tax years beginning on and after January 1, 2025. This means that the tax credit, which allows employers to claim a credit of up to $2,000 or 50% of the wages paid to registered apprentices, can now be applied to apprentices in any industry, not just the construction trades.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
To House Finance (on 01/10/2024)
Bill Topics
Labor and Employment
- ‐ Employment Training and Workforce Development
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4550&year=2024&sessiontype=RS&btype=bill | 01/10/2024 |
| Fiscal Note - Tax & Revenue Department, WV State | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=868612238 | 02/01/2024 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb4550%20intr.htm&yr=2024&sesstype=RS&i=4550 | 01/10/2024 |
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