HB 4254
Relating to authorizing the Tax Department to promulgate a legislative rule relating to a tax credit for providing vehicles to low-income workers.
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill authorizes the West Virginia Tax Department to create a specific rule outlining the requirements and procedures for a tax credit. This credit is intended to incentivize businesses or individuals to provide vehicles to low-income workers. The rule will detail eligibility criteria for both the vehicle provider and the recipient, as well as the amount of the tax credit available. It builds upon previous authorization and modifications to the rule by the Legislative Rule-Making Review Committee.
Key provisions
- Authorizes the Tax Department to create a legislative rule.
- The rule will address a tax credit.
- The credit is for providing vehicles to low-income workers.
- The rule is subject to review and modification by the Legislative Rule-Making Review Committee.
- The rule builds upon previous authorizations and modifications.
Who is affected
- Businesses
- Low-income workers
- West Virginia Tax Department
- Individuals providing vehicles
Notable changes
- Establishes a formal process for creating a tax credit rule.
- Specifies the target group: low-income workers.
- Requires the rule to be reviewed and modified by the Legislative Rule-Making Review Committee.
Sponsors
Official sponsors from legislative records.
Primary sponsor
D. Smith
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yours