HB4517

West Virginia HB4517 expands employer child care tax credits to include employer-sponsored child care facilities.

West Virginia HB4517 amends the state's tax code to maximize the utility and accessibility of the child care tax credit for employers. The bill extends the tax credit to employer-sponsored child care facilities, which are accessible to the work site but not necessarily on the employer's premises. This includes facilities provided by third parties whose costs are supported by employers. The credit applies to both capital investment in child-care property and operating costs. The credit for capital investment is 50 percent of the cost of qualified child-care property, claimed over five years.