WV HB2928

Creates a personal income tax credit for West Virginia residents ages 18-40 with student loan debt, equal to the accumulated interest paid on student loans for the taxable year

Provides college graduates ages 18-40 with no student loan debt an annual tax credit of up to $1,000 against personal income tax until they turn 40 or leave the state

Establishes a refundable child care credit for taxpayers ages 18-40 equal to the federal deduction for dependent children, available to college graduates residing in the state

Requires taxpayers to be West Virginia residents for at least three years to qualify for the student loan tax credit

Tax credits take effect for tax years beginning on or after January 1, 2025