HB5084

West Virginia HB5084 establishes a permanent and refundable state child tax credit to support working families with children.

West Virginia HB5084 repeals the non-refundable child tax credit and creates a new refundable child tax credit for eligible West Virginia taxpayers. This credit, referred to as the additional child credit, is intended to support working families with children, reduce child poverty, and help West Virginia’s economy. The credit amount is $1,000 for each eligible child, and any portion of the credit that exceeds the resident individual’s income taxes due is refunded to the individual. An "eligible child" is defined as a qualifying child for purposes of the federal child tax credit.