The bill aims to amend and reenact several sections of the West Virginia Code to rename the existing act to the "Military Incentive Program" and expand its benefits to all veterans. Key changes include updating definitions to replace specific references to "disabled veterans" and "economically disadvantaged veterans of the Vietnam era and Korean conflict" with broader terms such as "eligible veterans." The bill designates WorkForce West Virginia as the sole agency responsible for administering the program, which will now provide tax credits to employers who hire eligible veterans, members of the West Virginia National Guard, or reserve forces.

Additionally, the bill modifies the tax credit structure, allowing employers to claim a credit equal to 30% of the employee's wage base for each eligible veteran employed for a continuous period of one year. It also establishes restrictions on claiming tax credits, such as not allowing credits for individuals who displace current employees or for those receiving job training payments. The program will be governed by rules and regulations proposed by WorkForce West Virginia to ensure effective implementation and compliance.

Statutes affected:
Introduced Version: 21A-2C-1, 21A-2C-2, 21A-2C-3, 21A-2C-4, 21A-2C-5, 21A-2C-6