Providing for child and dependent care credit against personal income tax

This bill creates a state tax credit in West Virginia for individuals who claim the federal child and dependent care tax credit. It allows eligible taxpayers to receive a nonrefundable credit equal to 50 percent of the amount of the federal credit they are allowed to claim. The provision applies to tax years starting on or after January 1, 2024, and is intended to provide additional financial relief to families using child care services.