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. It updates the definitions within the act, replacing specific references to "disabled veterans" and "economically disadvantaged veterans of the Vietnam era and Korean conflict" with broader terms such as "eligible veteran." The bill also designates WorkForce West Virginia as the sole agency responsible for administering the program, ensuring that all veterans, including those from the National Guard and reserve forces, are eligible for tax credits when employed.

Additionally, the bill modifies the tax credit structure, allowing employers to receive a credit of 30% of the employee's wage base for each eligible veteran, member of the West Virginia National Guard, or member of the reserve forces employed for a continuous period of one year. It establishes restrictions on claiming tax credits, such as not allowing claims for individuals employed for less than a year unless specific conditions are met. The bill also mandates that WorkForce West Virginia will create rules and regulations to effectively implement the program, ensuring that the intent of the legislation is fulfilled.

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