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, 2026, 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. Importantly, the State Board of Education is restricted from imposing additional regulations on the education of children whose parents or guardians receive this tax credit.

The bill also specifies that families already eligible for the HOPE Scholarship will not qualify for this new tax credit. Furthermore, it grants the State Tax Commissioner the authority to propose rules for the administration of this tax credit, including the processes for reporting, filing, and claiming the credit, ensuring that these processes align with existing tax liability rules.

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