The proposed bill introduces the West Virginia Job Training and Placement Act, which aims to enhance job training and placement services in the state by allowing certain retailers, designated as "qualifying organizations," to retain a portion of the sales tax revenue they collect. The bill outlines the certification process for these organizations, defines key terms, and establishes the legislative purpose of promoting workforce participation through job training services. Qualifying organizations can retain 75% of the Consumer Sales and Service Tax revenue collected after the first $1 million, provided they use these funds for job training and placement services for individuals facing barriers to employment.

Additionally, the bill sets forth requirements for the use of retained tax revenue, including the development of individualized training plans and monitoring job retention for placed individuals. It also includes provisions for the revocation and renewal of certification, ensuring compliance with the established guidelines. The Department of Revenue is tasked with rulemaking to implement the provisions of the Act, which emphasizes accountability and the effective use of retained tax revenue to support job training initiatives.

Statutes affected:
Introduced Version: 11-13NN-1, 11-13NN-2, 11-13NN-3, 11-13NN-4