Providing for a child and dependent care credit against the personal income tax

This bill establishes a new state tax credit for West Virginia residents who claim the federal child and dependent care credit. It allows eligible taxpayers to receive a refundable credit equal to 50% of the federal amount they are entitled to for tax years starting on or after January 1, 2024. The provision applies retroactively to cover the 2024 tax year and is intended to provide additional financial relief to families with child or dependent care expenses.