West Virginia HB4191 increases tax credits for employers providing child care for employees.

West Virginia HB4191 amends the state's tax code to increase tax credits for employers who provide or sponsor child care for their employees. The bill allows employers a credit equal to 100 percent of the cost of qualified child-care property, which includes real property and tangible personal property used exclusively for child-care facilities. The credit can be claimed over five years at a rate of 20 percent per year. Additionally, employers can claim a credit for operating costs, subject to certain limitations.

West Virginia HB4191 increases tax credits for employers providing child care for employees.

West Virginia HB4191 amends the state's tax code to increase tax credits for employers who provide or sponsor child care for their employees. The bill allows employers a credit equal to 100 percent of the cost of qualified child-care property, which includes real property and tangible personal property used exclusively for child-care facilities. The credit can be claimed over five years at a rate of 20 percent per year. Additionally, employers can claim a credit for operating costs, subject to certain limitations.