The bill amends the Code of West Virginia to revise the tax credit for apprenticeship training by removing the limitation that the credit base be restricted to wages paid to apprentices specifically in the construction trades. The new language allows for a broader application of the tax credit to include wages paid to apprentices in various fields, effective for taxable years beginning on or after January 1, 2026. The bill also makes stylistic changes to the existing legal language for clarity.

Additionally, the bill specifies that the tax credit will continue to be available for wages paid to apprentices registered with the United States Department of Labor, Office of Apprenticeship, and outlines the requirements for a qualified apprenticeship training program. The credit amount remains at $2 per hour worked, with a cap of $2,000 or fifty percent of actual wages paid, whichever is less. The bill clarifies the application of the credit against state tax liabilities, detailing how unused credits can be applied to personal income taxes and the allocation of credits among members of certain business entities.

Statutes affected:
Introduced Version: 11-13W-1
Committee Substitute: 11-13W-1
Engrossed Committee Substitute: 11-13W-1