Establishes a tax credit for West Virginia residents who stay in state after graduating from a state institution.
The bill establishes the "Stay in State Tax Credit" for West Virginia residents who remain in the state after graduating with an undergraduate or associate degree from a state institution. This tax credit applies to the total cost of tuition and interest for student loans used to obtain their degree. It is awarded against personal income tax in West Virginia and is available over a 10-year period after graduation. The credit is also available to employers of qualified individuals.
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