SB 301
Tax Department rule relating to tax credit for providing vehicles to low-income workers
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Sign in to take action- Introduced
- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill authorizes the West Virginia Tax Department to create a detailed rule outlining the specifics of a tax credit available to employers who provide vehicles to low-income workers. The rule will establish eligibility requirements and procedures for claiming the credit. This initiative aims to incentivize businesses to support low-income workers by providing transportation assistance. The rule is based on previous drafts that were reviewed and modified by the Legislative Rule-Making Review Committee.
Key provisions
- Establishes a tax credit for employers.
- The credit applies to vehicles provided to low-income workers.
- The Tax Department will create a detailed rule to govern the credit.
- The rule will outline eligibility criteria for both employers and workers.
- The rule will specify procedures for claiming the tax credit.
- The rule is based on prior drafts reviewed by the Legislative Rule-Making Review Committee.
Who is affected
- Employers
- Low-income workers
- West Virginia Tax Department
- The Legislative Rule-Making Review Committee
Notable changes
- Authorizes the Tax Department to create a specific rule regarding the tax credit.
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