Bill > HB4517

This bill aims to enhance the West Virginia child care tax credit for employers by expanding its accessibility and utility. Key provisions include redefining "employer provided" and "employer sponsored" child care to include facilities located in areas reasonably accessible to employees, not just on the employer's premises, and allowing employer-sponsored care to be located anywhere in the state without proximity or employee usage thresholds. The bill also introduces a "Tri-Share Child Care program," where parents, employers, and the state each contribute one-third of eligible child care costs, with participating employers receiving a tax credit for their contributions. Furthermore, the total capital investment credit for child care property is doubled from 50% to 100% of the cost, spread over five years, and the carryforward period for unused credits for both capital investment and operating costs is extended from three or five years to 20 years. The credit for operating costs is also increased from 50% to 100% of the employer's cost, excluding employee contributions. Finally, the bill clarifies that "qualified child-care property" can now include financial sponsorship by an employer, not just acquisition or purchase, and that a portion of the children using the facility must be children of employees.

Budget and Finance, Health and Social Services

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4517&year=2026&sessiontype=RS&btype=bill