The proposed bill introduces the "West Virginia Skilled and Ready to Work Internship and Apprenticeship Incentive Act," aimed at enhancing the state's workforce by providing tax credits to employers who offer qualified internships and apprenticeships. The bill outlines the definitions of "Qualified Internship or Apprenticeship" and "Eligible Employer," specifying that these programs must be registered and provide training in high-demand fields such as advanced manufacturing, information technology, and healthcare. Employers can receive a tax credit of 50% of the wages paid to each qualified intern or apprentice, capped at $10,000 per individual per taxable year, with a total limit of $150,000 in credits per employer.

Additionally, the bill establishes requirements for employers to apply for certification of their internships or apprenticeships through the West Virginia Department of Economic Development, which will also oversee annual reporting and rulemaking for the program. Certain positions, such as retail sales and food service roles, are explicitly excluded from qualifying for the tax credit. This legislation aims to strengthen West Virginia's labor market, attract business investment, and promote long-term economic growth by fostering a skilled workforce.

Statutes affected:
Introduced Version: 30-44-1, 30-44-2, 30-44-3, 30-44-4, 30-44-5, 30-44-6