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WV HB5078
Bill
Status
Introduced
2/3/2026
Primary Sponsor
Kayla Young
Click for details
AI Summary
- Creates a new refundable state child tax credit for West Virginia residents equal to 50% of the federal child and dependent care tax credit allowed under 26 U.S.C. §21
- Applies to tax years beginning on or after January 1, 2025
- Defines "eligible child" as any qualifying child for purposes of the federal child tax credit in the taxable year claimed
- Credit amount exceeding the taxpayer's income tax liability is refunded to the individual
- Legislative intent states the credit aims to support working families, reduce child poverty, and help West Virginia's economy
Legislative Description
Related to child tax credit
Taxation
Last Action
To House Health and Human Resources
2/3/2026
Committee Referrals
Health & Human Resources2/3/2026
Full Bill Text
No bill text available