WV HB2605

Increases the tax credit for capital investment in qualified child-care property from 50% to 100% of the cost, claimable at 20% per year over five taxable years

Increases the tax credit for child-care operating costs from 50% to 100% of the employer's operational costs (minus employee contributions)

Applies to both personal income tax (Article 21) and corporation net income tax (Article 24) for employers providing or sponsoring child care for employees

Maintains existing credit limitations: combined capital investment and operating cost credits cannot exceed 100% of the taxpayer's income tax liability for the taxable year

Retains the existing recapture provisions requiring employers to repay credits on a sliding scale (100% to 0% over 14 years) if child-care property is disposed of or ceases to qualify