Creating tax credit related to child care expenses

This bill creates a refundable state tax credit for West Virginia residents with childcare expenses, directly affecting low-to-mid-income families who claim childcare costs on their federal tax returns. It provides credits equal to 50% of the federal childcare credit for households earning $30,000 or less, 30% for $30,001-$45,000, and 20% for $45,001-$65,000, with no credit for incomes over $65,000. The credit is refundable - meaning excess credit amounts are paid as cash refunds rather than carried forward - and excludes those receiving state childcare assistance, except for unreimbursed out-of-pocket costs. To qualify, the child must be under 13 at year-end, and the credit is tied to the federal Form 2441.