West Virginia HB4152 establishes a tax credit for business owners who contract employees for vocational or high school education, ensuring compliance.

West Virginia HB4152, the Workforce-Education Partnership Act, aims to incentivize business owners to invest in skilled labor development by offering a tax credit for employees participating in vocational programs or high school classes. Business owners can claim a tax credit equal to 100% of the employee's gross wages during their educational engagement, with an annual cap of $50,000 per business owner and a statewide limit of $5 million per fiscal year. The program ensures employees maintain their employment status and benefits, including workers' compensation and unemployment insurance.

West Virginia HB4152 establishes a tax credit for business owners who contract employees for vocational or high school education, ensuring compliance.

West Virginia HB4152, the Workforce-Education Partnership Act, aims to incentivize business owners to invest in skilled labor development by offering a tax credit for employees participating in vocational programs or high school classes. Business owners can claim a tax credit equal to 100% of the employee's gross wages during their educational engagement, with an annual cap of $50,000 per business owner and a statewide limit of $5 million per fiscal year. The program ensures employees maintain their employment status and benefits, including workers' compensation and unemployment insurance.