WV HB3284

Creates a personal income tax credit for West Virginia residents who graduate from in-state community colleges, colleges, or universities and remain in the state, allowing them to claim credits for student loan payments over a 10-year period

Calculates the credit based on the lesser of actual monthly loan payments or a benchmark payment derived from average in-state tuition multiplied by 2 (associate degree) or 4 (bachelor's degree) years

Makes the credit refundable for graduates with degrees in science, technology, engineering, or mathematics (STEM fields)

Allows employers to claim the credit when making student loan payments directly to lenders on behalf of qualified employees

Requires the State Board of Education, county superintendents, and governing boards of higher education institutions to promote the program and document student eligibility information for at least 10 years after graduation