SB 396
Creating WV Job training and Placement Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
Senate Bill 396 creates the West Virginia Job Training and Placement Act, designed to encourage retailers to provide job training and placement services to individuals facing barriers to employment. The bill allows qualifying retailers, certified by the Department of Revenue, to retain up to 75% of the sales taxes they collect, with the requirement that this retained tax be used for job training and placement services. It establishes specific criteria for qualifying organizations and outlines performance metrics for those receiving tax credits.
Key provisions
- Allows retailers to apply for certification as ‘Workforce Training Community Centers’.
- Qualifying retailers can retain up to 75% of collected sales taxes after the first $1 million, subject to department oversight.
- Retained tax funds must be used for job training and placement services, including services for individuals with disabilities or employment barriers.
- Organizations must demonstrate successful job placement (an average of 2.25 people placed for every $10,000 in retained tax)
- Certifications last for three years and can be renewed upon meeting specific compliance requirements.
- The Department of Revenue can revoke certifications for non-compliance.
- Retailers must remit remaining sales taxes to the state.
- The Department can promulgate rules to implement the Act.
Who is affected
- Retailers
- West Virginia Department of Revenue
- Job seekers facing employment barriers
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