This bill proposes the addition of a new section, 11-21-24a, to the Code of West Virginia, which establishes tax credits for parents and legal guardians who provide home-schooling or private schooling for their children. Starting from tax years beginning January 1, 2025, eligible residents can receive a tax credit equivalent to the amount provided to students eligible for the HOPE Scholarship, limited to one credit per taxpayer regardless of the number of children being schooled. The bill also stipulates that the State Board of Education cannot impose additional regulations on the education of children whose parents or guardians receive this tax credit.

Additionally, the bill specifies that families already eligible for the HOPE Scholarship will not qualify for this new tax credit. The State Tax Commissioner is tasked with proposing rules for the administration of this tax credit, ensuring that the processes for reporting, filing, and claiming the credit align with existing tax liability regulations.

Statutes affected:
Introduced Version: 11-21-24a