HB 4256
Relating to authorizing the Tax Department to promulgate a legislative rule relating to High-Wage Growth Business Tax Credit.
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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 detailed rule outlining the specifics of the High-Wage Growth Business Tax Credit. The rule will provide guidance on how businesses can qualify for and receive this credit. Currently, the authorization for this rule exists, and this bill simply confirms and maintains that authorization. This legislation focuses on clarifying the operational details of the tax credit program.
Key provisions
- Authorizes the Tax Department to develop a legislative rule.
- The rule will pertain to the High-Wage Growth Business Tax Credit.
- The rule is based on existing authority under §11-13II-5 of the Code of West Virginia.
- This bill confirms and maintains the existing authorization for the Tax Department to create the rule.
Who is affected
- Businesses in West Virginia
- The West Virginia Tax Department
- Potential recipients of the High-Wage Growth Business Tax Credit
Sponsors
Official sponsors from legislative records.
Primary sponsor
D. Smith
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