Here’s a look at some of the issues we’ll be working on when legislators return to Charleston in 2020:
New Business Tax Credit
House Bill 2576, a measure that would have encouraged growth and created additional jobs by establishing a tax credit for businesses that locate in West Virginia, was left in the House Business, Entrepreneurship, and Economic Development Committee when the 2019 legislative session ended.
Small Business Tax Credit
House Bill 2724 called for a temporary tax credit for small businesses with fewer than 25 employees. The credit would have covered up to 50% of the costs associated with branding, marketing, and advertising of agricultural or manufactured products produced or manufactured in West Virginia. The bill was left in the House Finance Committee.
New Employee Tax Credit
House Bill 2891 would have created tax credits for new and/or existing small businesses with fewer than 100 employees. Specifically, it would have created a tax credit for wages paid to newly hired, full-time employees who are residents of West Virginia and employed at least one year. The bill didn’t get out of the House Small Business Committee in 2019.