Establishes a tax credit for new physicians who practice in West Virginia for at least six years.

West Virginia SB637 creates a tax credit for physicians who are new graduates and locate in West Virginia to practice medicine for at least six years. The credit applies to the physician's personal taxable income and can be claimed for up to three consecutive years. If the physician does not remain in West Virginia for six years, they must repay the credit. The Tax Commissioner is authorized to create rules governing the credit, including residency requirements and repayment terms.

Establishes a tax credit for new physicians who practice in West Virginia for at least six years.

West Virginia SB637 creates a tax credit for physicians who are new graduates and locate in West Virginia to practice medicine for at least six years. The credit applies to the physician's personal taxable income and can be claimed for up to three consecutive years. If the physician does not remain in West Virginia for six years, they must repay the credit. The Tax Commissioner is authorized to create rules governing the credit, including residency requirements and repayment terms.