This bill proposes the addition of a new article to the Code of West Virginia, specifically aimed at providing a tax credit for honorably discharged veterans who purchase lifetime hunting and/or fishing licenses. The bill defines "eligible veteran" as any West Virginia resident who has served in the armed forces and has been honorably discharged. It establishes that these veterans are entitled to a nonrefundable one-time tax credit equal to the amount they paid for their lifetime license, capped at 50% of the adult fee for such licenses. Additionally, if both individuals in a joint tax return qualify, the credit can be based on the total fees paid for both licenses, but any unused credit cannot be carried over to future tax years.

Furthermore, the bill mandates that the Tax Commissioner propose rules for legislative approval to implement these provisions, ensuring that eligibility for the tax credit is confirmed. The overall aim of the legislation is to support veterans by alleviating some of the costs associated with obtaining lifetime hunting and fishing licenses, thereby promoting outdoor activities among those who have served the country.

Statutes affected:
Introduced Version: 20-2-28, 20-2B-7, 11-13NN-1, 11-13NN-2, 11-13NN-3
Committee Substitute: 11-13NN-1, 11-13NN-2, 11-13NN-3