WV HB4191

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

Doubles the tax credit for child care operating costs from 50% to 100% of the employer's net operational expenses for providing or sponsoring employee child care.

Applies to both personal income tax (§11-21-97) and corporation net income tax (§11-24-44), including nonprofit corporations organized under IRC §501(c)(3) or §501(c)(6).

Maintains existing recapture provisions requiring employers to repay credits on a sliding scale (100% to 0%) if child care property is disposed of within 14 years of being placed in service.

Retains the combined credit cap at 100% of the taxpayer's income tax liability, with unused capital investment credits carrying forward 3 years and operating cost credits carrying forward 5 years.