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 be calculated at $2 per hour for the total hours worked by an apprentice, with a maximum credit of $2,000 or fifty percent of actual wages paid, whichever is less. It outlines the requirements for a qualified apprenticeship training program and details the application of the credit against state tax liabilities, including corporation net income taxes and personal income taxes. Unused credits will be forfeited, and carrybacks to prior taxable years are not permitted.

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