WV SB646

Increases the tax credit for employer-provided or sponsored child care from 50% to 100% of qualified capital investments and operational costs.

Extends the carry-forward period for unused tax credits from 3-5 years to 20 years.

Expands eligibility to include employer-sponsored child care at licensed third-party facilities anywhere in West Virginia, removing requirements that facilities be located near employer premises or primarily serve employees' children.

Allows multiple employers to jointly sponsor child care facilities through direct payments, contracts, or subsidies without employee usage thresholds.

Permits nonprofit corporations (501(c)(3) and 501(c)(6) organizations) to transfer, sell, or assign their certified tax credits to other taxpayers.