Related to refundable child tax credit

HB 5084 replaces West Virginia's existing non-refundable child tax credit with a new refundable credit. Starting in 2026, eligible West Virginia residents who claim the federal child tax credit for a qualifying child on their federal return will receive a $1,000 state credit per child. If the credit exceeds the resident's state income tax liability, the excess amount is refunded directly to them. This bill directly affects working families with children who qualify for the federal credit, aiming to reduce child poverty and support local economies through a permanent state-level benefit. The bill repeals the current non-refundable credit (§11-21-26) and establishes the new refundable credit under §11-21-98.